Craig Berry

Feb 11, 2025 | mortgageresearch.com | Craig Berry |Tim Lucas

A second mortgage allows homeowners to borrow against the equity in their home, providing access to funds for expenses like home improvements or debt consolidation. Understanding the differences between home equity loans and HELOCs, along with their benefits, risks, and alternatives, can help you decide if a second mortgage is the right financial move for you. A second mortgage is a type of loan that allows you to borrow against the equity you have built in your home.

Jan 10, 2025 | mortgageresearch.com | Craig Berry |Tim Lucas

When buying a home, you typically have to pay property taxes and homeowners insurance along with your principal and interest payments each month. A mortgage escrow account is a tool designed to simplify this process. How Does Mortgage Escrow Work? The primary objective of an escrow account is to ensure timely payment of critical expenses, such as property taxes and insurance premiums.

Jun 9, 2024 | renewal.org.uk | Craig Berry

Craig BerryTelling people what my dad does for a living is easy. He’s a plasterer. He comes from a long line of plasterers, with my younger brother carrying on the tradition. My mum is trickier. There are two options. I can say she works ‘in social services’, and you will assume she is a social worker. Or I can say she is ‘an administrator’, and you will assume she arranges meetings and makes photocopies. You won’t follow up by asking where she works, because admin is admin, right? Well, sort of.

Mar 10, 2024 | renewal.org.uk | Craig Berry

Craig BerrySo, the British economy is receding. The ‘technical’ prefix the government and its client journalists have been adding before ’recession’ is rather apt given that the economy only really counts as an economy on a technicality nowadays. People turn up or log on for work. To-do lists get ticked. Stuff is bought and sold. Yet we are getting poorer, sicker, and less productive. The roads are full of holes, the schools are falling down, and evermore people are .

Jul 23, 2023 | craigberry.substack.com | Craig Berry

With thanks to the glacial pace of academic publishing, I published this week the outcomes of a study on the impact of low interest rates in the UK — several months after the central bank began increasing rates sharply in the hope, apparently, of controlling inflation. Yet the factors driving investment behaviour identified by the research (conducted alongside John Evemy and Ed Yates, and funded by the ESRC’s Productivity Insights Network) remain salient.