Could Equity Release help you to repay your interest only mortage?

2023-03-08T15:31:16+00:00March 8th, 2023|Lifetime (equity release), Mortgage|

Interest-only mortgages are a type of mortgage where the borrower only pays the interest on the loan, and not the capital. This means that at the end of the mortgage term, the borrower still owes the original amount borrowed. In the 1990s, there was a boom in interest-only mortgages, and many homeowners who [...]

As mortgage rates come back down. How long should you fix for?

2023-03-08T15:29:08+00:00March 8th, 2023|Mortgage|

If you're considering fixing your mortgage term, now may be a good time to do so, with mortgage rates dropping below 4% for the first time since last September. Some of the UK's biggest banks have cut rates to offer market-leading deals for borrowers looking to remortgage, with five and 10-year deals below [...]

Equity release: Unlocking the hidden value in your home

2023-02-09T11:21:11+00:00February 9th, 2023|Lifetime (equity release), Mortgage|

Equity release has gained popularity among homeowners who are in their retirement years and wish to access the equity in their home without having to sell it. The cost of living continues to increase, and inflation has hit double digits, making equity release a valuable solution for supplementing retirement income. According to a recent [...]

A guide to government-backed schemes for first-time buyers

2023-02-13T11:20:39+00:00February 9th, 2023|Mortgage, Mortgage payment protection insurance|

First-time homebuyers may find it difficult to secure a mortgage due to the high cost of a deposit. However, there are several government-backed schemes available to help first-time buyers purchase a property. The Help to Buy Scheme, which was launched in 2013 and allowed first-time buyers to purchase a property with just a 5% [...]

Mortgage Life Insurance Decreasing Term vs Level Term

2023-01-23T12:54:11+00:00January 23rd, 2023|Mortgage, Mortgage payment protection insurance|

What is mortgage life insurance? When we think about life insurance, we typically think of the large cash pay outs should the worst happen, but a mortgage life insurance product is created specifically to cover the outstanding mortgage should those events unfold. The aim of a mortgage insurance product is to provide reassurance that [...]

Equity Release and your Bill Busting options

2022-12-21T14:50:03+00:00December 21st, 2022|Lifetime (equity release)|

As we approach the winter months, it inevitably gets colder and we’re all looking for ways to keep warm. But putting the heating on or using our electric to keep toasty is coming with significantly higher bills and many are struggling to afford the huge increases so what other options are there? For the [...]

New Year, New Home? What it means to port your mortgage to a new property

2022-12-21T14:46:08+00:00December 21st, 2022|Mortgage|

Have you outgrown your home? Relocating to a different area? Perhaps you’re looking to downsize? No matter the reason, 2023 could be the year of the New Home for you and your family. Why would you port your mortgage? Most likely because you are tied into your current mortgage deal. This means if you [...]

Over 50 but too young for equity release – what are the options?

2022-11-22T12:35:09+00:00November 22nd, 2022|Lifetime (equity release)|

People over the age of 50 often find it difficult to get a mortgage because many lenders will not take future income, such as pensions, into account. But some lenders do, in particular those who offer retirement interest-only mortgages (RIOs). Later life borrowers who find they cannot get a mainstream mortgage, often turn first [...]