Bank of England Base Rate explained: What does it mean for me and my mortgage?

2022-06-22T11:38:22+00:00June 22nd, 2022|Mortgage|

On the 16th of June this year, the Monetary Policy Committee (MPC) raised the base rate an additional 0.25% to 1.25%. But what does that mean? And what is the effect on your mortgage? Over the last decade we’ve seen historically low interest rates, in fact in 2016, the base rate was at just [...]

Utilising funds released from the home to tackle the cost-of-living crisis for your or your loved ones

2022-04-25T10:43:09+00:00April 25th, 2022|Lifetime (equity release), Mortgage|

The cost-of-living crisis is not something that will have passed you by unnoticed. But for many of those in their retirement years, the phrase “eating or heating” is not a new one. Many of us are seeking new ways to budget to afford the significant price hikes in energy bills, the rise in [...]

Could a second charge mortgage help navigate significant early redemption charges?

2022-04-25T10:39:42+00:00April 25th, 2022|Mortgage, Secured loan (second charge)|

One of the biggest challenges you may face when trying to capital raise when your lender may not give you a Further Advance (when you take on additional borrowing from your current mortgage lender) and large early repayment charges may stand in the way of re-mortgaging. Whether the money required is for debt [...]

Did you know equity release could be used to fund a house purchase?

2022-04-25T10:24:17+00:00April 25th, 2022|Lifetime (equity release), Mortgage|

As we get older many of us begin to make alterations to our homes to suit our living requirements and desires. Perhaps we’ve become less physically able and alter our homes to accommodate our new needs? Sometimes the solution may be to move home altogether. Perhaps to be closer to loved ones who [...]

Top Tips for Later Life Borrowing

2022-02-09T10:37:52+00:00February 9th, 2022|Lifetime (equity release)|

Over 55s could be sat on more equity in their homes than they realise, especially given the house price growth seen in 2021. The two main products available to those heading into their retirement years are Lifetime Mortgages (more commonly known as Equity Release) and Retirement mortgages. With the equity release lifetime mortgage, people [...]

Could you save money by remortgaging? Possibly. Should you rush and panic to do so? Definitely Not

2022-02-08T12:50:35+00:00February 8th, 2022|Mortgage, Remortgage|

Everywhere you turn there are articles and stories on the rises in the cost of living. The rise in rates impacting the mortgage market is no different. Rates do indeed continue to climb, however not at the frightening pace it is often depicted. Rates are rising from the lowest rates we have seen [...]

Did you know equity release could be used to fund a house purchase

2022-02-08T12:45:52+00:00February 8th, 2022|Lifetime (equity release)|

As we get older many of us begin to make alterations to our homes to suit our living requirements and desires. Perhaps we’ve become less physically able and alter our homes to accommodate our new needs? Sometimes the solution may be to move home altogether. Perhaps to be closer to loved ones who [...]

What you need to know about being a first-time buyer

2022-02-01T13:06:59+00:00February 1st, 2022|First time buyer, Mortgage|

It’s not too late to be considering New Year’s resolutions for 2022. Maybe you’re looking to give up junk food, or instill a new workout regime? But if you’re looking toward home ownership this year, check out these four things to consider when prepping to buy your first home. Have you saved a [...]