Difference between interest only and capital repayment loan
In this blog we explain the difference between interest only and capital repayment mortgages, explain how they work, and tell you the main reasons for having one or the other.
Why not all collateral is equal
Collateral is the term used to describe an item that you are using for security on a secured loan. With a mortgage, the house you are buying is the collateral.
What is negative equity?
When you take out a secured loan, you put up an item of value (called the collateral) against the loan.
How do loan repayments work?
When you take out a loan, you know that you need to repaythe money you borrowed with some interest, but how does it work and what doesit mean? In this blog we will go through an example and answer the questions.
Why loan to value ratio’s matter
When looking at secured loans you will often see reference to the Loan to Value ratio;often referred to as the LTV. In this blog we will look at how the LTV iscalculated, what it means and why it matters.
