Mortgage Myth Busting
Buying a property is a significant milestone for most of us, and often involves a mortgage. However, misconceptions about mortgages can create unnecessary anxiety and confusion. In this article, we aim to bust common mortgage myths and help you separate fact from fiction. Myth 1: You Need a Perfect Credit Score One of the most […]
Get mortgage fit for 2021!
Estimates suggest that well over one million borrowers have lapsed onto their lender’s default standard variable rate (SVR). Has this happened to you? If so, now could be the perfect time to consider a remortgage, to get your finances in good shape for the year ahead. Do you know your mortgage rate? If your current […]
Need help getting to know your SVR?
As a nation, we aren’t great with our financial acronyms and terminology. Life is busy and our heads are often full of important things to get done to make it through the week, without having to worry about whether we know our LTV from our ERC! You’re certainly not alone if you’re feeling financially flustered. […]
Mortgage Payment Holiday Update November 2020
On 17 November the FCA confirmed guidance for homeowners struggling financially due to coronavirus. The mortgage payment holidays scheme, first announced in March and then extended in May, has been further extended until 31 March 2021. How does it work? Those who have not yet had a payment holiday will be eligible for payment holidays […]
Update on mortgage payment holidays…
On 17 March 2020, as the country teetered on the brink of lockdown, the Chancellor announced that homeowners struggling financially due to coronavirus would be able to take a three-month mortgage payment holiday. What does this mean for me? The extended application deadline now coincides with the end of the furlough scheme. This means, if […]
The world is changing – so should your insurance!
The world is changing rapidly in a way that nobody could ever have expected, meaning your personal and financial circumstances are likely to have changed. It is important to regularly review all aspects of your finances and that includes reviewing your protection insurance, to make sure your policy provides adequate cover for your changing needs. […]
As mortgage advisers we often get asked about house values… Well here are some tips on home improvements to add value to your home:
Evidence suggests that many more of us are putting down roots and choosing to stay in our current homes for longer. The average time a homeowner in the UK stays in their property is 21 years. This contrasts with the 1980’s, when a fast-rising property market encouraged a move every eight years on average. However, […]
An update on mortgage payment holidays – three month extension
The Government has announced the requirement for lenders to extend the initial three-month mortgage payment holiday scheme by a further three months. They felt that the extension was necessary because it would be too sudden and soon to end the scheme now for those currently experiencing financial difficulties. This means help and support will continue […]
Our Expert Advice Can Help Reduce Your Mortgage Stress
Moving home is known to be one of life’s most stressful events. In fact, a survey earlier this year, found the process can cause us more stress than other major life events such as having a baby, getting married, starting a new job or getting divorced. Sorting out your finances The biggest cause of worry […]
Coronavirus & Mortgages Q&A’s
Some common questions you may have regarding your current mortgage position: I have exchanged on a new property, but not moved in. What should I do? The Government has stated that they do not want you to move during the lockdown, unless it is in exceptional circumstances. If you can therefore delay your move then […]
