Mortgages

Personal finance

Mortgage Interest Rate Calculations in Chaos as Lenders Adhere to New Guidelines

Mortgage lenders in the UK are facing a sea of confusion as they adhere to new guidelines on calculating annual percentage rates (APRs) on discounted mortgage rates. The Local Authorities' Co-ordinating Body on Food and Trading Standards (LACOTS) has published guidelines stating that lenders should calculate discount-rate APRs in

Personal finance

PEPs Outperform Endowment Mortgages by a Mile, Report Finds

New homebuyers considering a mortgage should opt for PEPs (Personal Equity Plans) over endowment mortgages, a report by GM Benefit Consultants has found. The study, which compared the financial performance of PEPs, endowment, pension, and repayment mortgages over a 25-year period, revealed that PEPs are likely to return much more