13min chapter

Making Money cover image

S5E5: UK mortgage expert: the key things you need to know

Making Money

CHAPTER

Understanding Mortgage Fees and Market Dynamics

This chapter explores the fee structures of mortgage brokers, distinguishing between those who charge fees and those who operate on commissions. It delves into the implications of low deposit mortgages for first-time buyers, highlighting associated risks like negative equity and the complexities of rising interest rates. The discussion also encompasses how inflation affects debt management and the unique challenges faced by self-employed borrowers in the current housing market.

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