Coronavirus - Get the latest updates and resources from MyWalletHero - Find out more.
Advertiser Disclosure
Home » Mortgages

Mortgages

We’ve put together the essential resources you need when considering applying for a mortgage loan. Whether you’re a beginner or have previous experience with mortgages, we guarantee there’ll be something useful to aid you in your decision-making when looking for a home loan.

Recent mortgage and home loan articles

Published: 30th September 2020

What is the Green Homes Grant?

Happy woman with excess weight smiling and dancing alone in sports clothes

We break down everything you need to know about the Green Homes Grant. From what you actually get to how much it could save you in the long run.

Read more
Published: 30th September 2020

What is stamp duty?

Personal expenses concept.

With a stamp duty holiday currently in place, we take a look at what stamp duty is. And how can you budget for it if you miss the stamp holiday window.

Read more

Mortgages and home loans

Alongside ideals such as having a job you love and a healthy income that allows you to indulge your favourite pastimes, one of the most common financial goals among Britons is home ownership.

However, obtaining a mortgage loan isn’t the easiest, with large deposits required up front. And the reality is, for many it can feel like an impossible task to save that much money, resulting in them weighing up buying a home vs renting.

For those who have been able to clear themselves of debt, then the next step before looking into mortgages is to ascertain the best ways to save for a house. These will differ depending on your own situation (perhaps you feel comfortable ‘locking’ away your savings in a fixed rate bond to get higher interest rates on your money than you’d get in a regular savings account, for instance) but in short you need your outgoings to be considerably less than your income – and squirrel away the difference to go towards your home loan!

There are, of course, many different types of mortgages to consider when buying a house. At MyWalletHero, we want to assist so that across all the various home loans available, you find the one that best suits you. What’s more, we believe it’s important to be fully aware of any barriers to mortgage deals before you commit, so we’ve written multiple articles with this in mind.

You’ll find that there are home loans for every situation, whether you’re a first-time buyer or are looking to upgrade to your ‘forever home’. Some may even be looking at buy to let mortgages, in order to benefit from a second source of revenue through renting out a home.

So whatever your circumstance, before scouring to see what mortgage deals are available, we highly recommend reading through the content we’ve produced to help you make the right mortgage decisions!

The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers.