Did your mortgage survey value your property at zero? Let the initial shock pass and find out what zero value properties are. The implications might not be as dire as you think. Even with a nil valuation, you still have options at your disposal for getting a mortgage.

You could improve your finances if you pay off your mortgage quicker. Mortgage overpayments are possible at any point in the repayment schedule. However, you need to ensure you’re prepared financially for the overpayments and that you understand your mortgage terms.

Getting a mortgage involves a lot of paperwork, and going about it alone can seem daunting. A mortgage advisor can help, but you need to know what to look for to ensure you find the right advisor and mortgage deal.

While many people are hesitant to finance a new home, new builds can be attractive for many reasons for people over 50 years. They can offer a fresh new start and help update your surroundings as our needs change. Having a good understanding of the mortgage process can help us make the most of the opportunity.

UK’s mortgage industry offers plenty of choices. Changing your mortgage deal might give you a more affordable deal, especially in later life. But are there rules to when you can do it? Switching mortgages too often could have an impact on your finances, for better and for worse!

It’s easy to overlook how you can potentially save money, especially when some payments have stayed the same for many years. Your mortgage, for example, is something you can save money on. However, switching your mortgage deal can feel intimidating with so much choice available. Will it save you money? Is it worth looking into at retirement age?

In this week’s article, former mortgage broker Steven Lawson continues his explanation of the problems associated with interest-only mortgages.

Interest-only mortgages were very popular prior to the financial crisis of 2008.

They allowed mortgagees to take out a mortgage on a home and just pay the interest of the amount borrowed without any repayment of the capital.