Scott Nelson - Founder of MoneyNerd
Posts by Scott Nelson:
Can you Remortgage a Buy to Let to Release Equity? Guide
A buy-to-let remortgage may release cash by increasing secured borrowing. The amount depends on property value, existing debt, rental coverage and lender criteria; compare fees, total costs and risks.
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What is Drawdown Equity Release? Overview, FAQs & Tips
Drawdown equity release refers to when the homeowner receives their home equity in installments, rather than in one large lump sum. But, to take out a drawdown equity release plan, you need to meet strict eligibility criteria. Let me walk you through the details...
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Equity release examples: lifetime mortgages and home reversion
Equity release can involve a lifetime mortgage or the sale of a home share through home reversion. These illustrations explain the different costs and ownership consequences.
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Mis-Sold Equity Release Schemes – What you Should Know
There are a few tell-tale signs that indicate you are being mis-sold an equity release scheme. For example, if a creditor doesn't fully explain interest charges or discuss inheritance tax implications, you should avoid working with them. Let me explain...
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Equity Release Calculator – Work Out How Much
An equity release calculator is a helpful online tool designed to provide a projection of the costs associated with a lifetime mortgage over a specified period. Read on to explore its functionality and discover whether you should consider using one.
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Pros and Cons of Equity Release – Complete Analysis
Equity release offers a path for senior homeowners to access a tax-free lump sum or drawdown facility, although its benefits and drawbacks must be carefully considered. Dive in to discover more...
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Can You Get Equity Release on a Flat? – All You Need to Know
Equity release may be available on some flats, subject to the lender’s property and title requirements. Freehold, leasehold, lease length and building arrangements can affect acceptance.
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Equity release after death: repayment and estate responsibilities
A lifetime mortgage usually becomes repayable after the last borrower dies or moves permanently into care. Interest normally continues until repayment. Executors should confirm deadlines and the plan’s safeguards with the lender.
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PO Box 17 Stockport SK1 4AJ: Check a Moorcroft Letter
Check a debt letter using the PO Box 17 Stockport address, verify Moorcroft independently and understand your response and repayment options.
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How to compare secured loans
Secured loans, when compared thoughtfully, can offer the potential for lower rates and manageable repayments, making them a viable financial strategy for some. Let me walk you through the options...
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Second charge mortgage rates: comparing total costs
Second-charge mortgage rates vary by product and circumstances. Compare a current personalised illustration, fees and total repayment rather than old headline ranges.
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Loans secured on property: options, costs and risks
Property-secured borrowing depends on lender criteria, affordability and security. Compare total costs and understand the risk of repossession.
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Secured Loans for People With Bad Credit
Some lenders consider secured-loan applicants with bad credit, subject to affordability and other criteria. Approval is not guaranteed and the asset is at risk.
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Help with home improvements: council loans and grants
Local-authority home-improvement help varies by area and eligibility and may include grants or loans. Interest-free funding is not universally available; Green Deal is closed to new applicants.
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How Much You Can Borrow for a Second Mortgage: Explained
Second-charge borrowing depends on the combined loan-to-value, existing debts, affordability and lender criteria. There is no universal percentage of equity you can borrow.
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Personal Loan for Home Improvement – In-depth Guide
A personal loan can be a viable way to finance your home improvement projects, depending on your eligibility and personal circumstances. Let's dive deeper into this topic to find the best fit for you.
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How to compare home improvement loans
Compare home-improvement funding by total cost, affordability and security. No provider is best for every project or borrower.
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Can I Use a Home Equity Loan to Buy Another House?
Additional home-secured borrowing may help buy another property if both lenders permit it and all commitments are affordable. It is not a guaranteed route.
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Borrowing against home equity: options and risks
Equity in your home can be unlocked through various methods, such as home equity loans, remortgaging, or using a lifetime mortgage. Delve in to discover how.
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Home equity loans in the UK: comparing lenders and brokers
You can get a home equity loan from banks, building societies, and financial institutions operating online only. It's important that you only consider businesses that are regulated by the Financial Conduct Authority. Let me walk you through your options...
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