Scott Nelson - Debt Expert
Posts by Scott Nelson:
Further Advance on Mortgage – How to Increase Your Loan
A further advance is the process of borrowing more from your current mortgage provider. Unlike the process of remortgaging, getting a further advance doesn't mean that you have to switch mortgage deals. But, for your application to be successful, you need to meet strict eligibility criteria. Let me walk you through your options...
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How Much Can I Borrow on a Lifetime Mortgage?
Lifetime-mortgage borrowing limits depend on age, property, health where relevant and the lender’s criteria. A calculator estimate is not approval or an offer.
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Pros and Cons of Lifetime Mortgage
A lifetime mortgage has potential benefits and substantial costs and risks. Eligibility and required or optional repayments depend on the product.
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Lifetime Mortgage Rules – Current Laws and Pitfalls
A lifetime mortgage is a loan secured on your home; you retain ownership. Interest that is not paid is added to the balance. The loan is usually settled when the last borrower dies or moves permanently into care, subject to the contract. Required or optional repayments vary by product.
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Lifetime mortgage early-repayment charges: costs and exemptions
Early-repayment charges depend on the lifetime-mortgage contract, timing and any exemptions. Request a redemption quotation before deciding.
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Can You Do Equity Release More Than Once?
Yes, you can indeed initiate an equity release more than once on your current residential property under certain scenarios. Dive in to unravel the specifics…
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Can You Get Equity Release on a Retirement Flat?
Yes, it is possible to get equity release on a retirement flat, although it is subject to the terms of specific lenders. Keep reading to understand how it works and your available options.
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What Is the Secured Loan Approval Process?
The secured loan approval process involves providing personal data, income, and property value information, followed by supplying documentation to substantiate the application claims. Let me walk you through the process...
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Secured loans and spouse consent: ownership and rights
Spouse involvement depends on ownership, occupation rights, lender conditions and legal checks. Sole title does not guarantee private borrowing or remove consent requirements.
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Third charge secured loans: how they work and risks
A 3rd charge secured loan, also known as a 3rd charge mortgage, is a third loan that is secured to your property. This type of loan is taken out on top of a first and second charge mortgage, and is considered to be quite risky. Let me explain...
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British Gas prepayment meter debt: balances and repayment help
How British Gas meter debt is collected, what to check on the display and how to ask for help if top-ups are unaffordable.
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How Long Does a Council Have to Respond to a PCN Appeal?
The council has 56 days, or 8 weeks, to respond to a PCN appeal. The council cannot ask you to pay during this time. They also cannot increase your fine during this time. Let me walk you through the process of appealing a PCN...
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Is a Speeding Ticket a Criminal Offence?
A speeding ticket is not a criminal offence if it is dealt with on time. If you ignore a Fixed Penalty Notice you can be prosecuted and this will go on your criminal record. Let me explain in more detail...
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How to Avoid Paying a Littering Fine – Do I Appeal?
You can appeal a littering fine by taking the matter to court. For it to be successful, you need appropriate grounds for appealing. Let me walk you through your options…
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Heathrow Drop Off PCN – Pay or Appeal?
You can appeal a Heathrow Drop Off Penalty Charge Notice within 28 days of it being issued. For it to be successful, you need appropriate grounds for appealing. Let me explain…
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Conditional Offer of Fixed Penalty Notice – Pay or Appeal? UK Laws
It is not always possible to appeal a Conditional Offer of a Fixed Penalty Notice. When it is possible, the motorist will usually need to take the matter to court to have it overturned. Let me explain the process...
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Understanding the Bus Lane Fine 20 Metre Rule
Many motorists believe that entering a bus lane is allowed as long as they remain in the bus lane for less than 20 metres. This is the so-called called the 20 metre rule. But, it is not true. Motorists can always be fined for entering a bus lane. Let me explain...
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How Long Does a Council Have to Issue a Bus Lane Fine?
The council has 28 days to issue a bus lane fine. This can be extended by 14 days if the DVLA is slow to provide the council with the motorist's home address. Let me walk you through the process...
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Speeding Fine Scotland – Should I Pay or Appeal?
You can challenge a speeding fine in Scotland by taking the matter to court. To do this, you need a good reason for the appeal and solid evidence. Let me guide you through the process...
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How to Get Out of a Speeding Ticket
The best way to handle a speeding ticket in the UK is to pay it as soon as possible. You can challenge a speeding ticket by taking it to court. But, this can be costly and there is a very low success rate. Let me explain...
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