by Greg North | May 25, 2022 | Financial Terms, Types of Property Finance
Bank of Mum and Dad Explained The ‘Parent bank’ is a fun term to describe a genuine and increasingly used source of funds to help the next generation to purchase a property, usually their own home. Parents often have considerable asset value in their own...
by Greg North | May 25, 2022 | Financial Terms
Mortgage Cliffs Explained A mortgage cliff is when a borrower or mortgagee is heading to the end of a fixed interest lending period and moving into repaying their loan with a much higher variable interest rate. When the difference in interest rate is significant, it...
by Greg North | May 25, 2022 | Types of Property Finance
Reverse Mortgages Explained A reverse mortgage loan is a loan available for property owners who are 60 years and over. A mortgage is created against the equity or asset value in their home, holiday home or investment property. This equity can be taken out in a lump...
