A recent study carried out by MoneySuperMarket estimated that 800,000 people are currently spending more on their mortgage than necessary. The regulator estimated that they could be making an average annual saving of £1,000. WHY ARE PEOPLE OVERPAYING ON THEIR MORTGAGES? The study also found that three in five people are not sure […]
Relevant Life Insurance is a type of life insurance that is owned and paid for by a business. It provides funds to the business owner’s family in the event of premature death. Relevant Life Insurance can also be beneficial to high earning employees who are looking to avoid their death-in-service benefits becoming part of
What is a Relevant Life Policy and why do you need one? Read More »
Remortgaging your house can generate huge savings. But it’s important to know what you’re doing before you get into the remortgaging process so that you’re making the most of the opportunity. If your mortgage is coming to the end of its fixed term it’s time to start thinking about what you need in order
There are a number of reasons that you may need to get a house valuation done. The four most common reasons for getting a house valuation are the following: 1. To put your house up for sale and get a mortgage for a new property 2. To remortgage your property 3. If you’re getting
When applying for a mortgage, lenders must be sure they know whom they are lending to and that you won’t overstretch your budget with your monthly payments, now and in the future. Listed below is the information required to assess affordability and advise appropriately: ☐ The ID for each applicant – Passport or Driving License
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It’s easy to forget about remortgaging and to therefore end up on your bank’s standard variable rate mortgage. But remortgaging can help you save significant amounts. As well as making great savings, there are a number of reasons that you may want to consider remortgaging, including: – Your current deal is about to end. –
Getting a mortgage as an expat living in the UK isn’t always easy as many lenders will view you as a high-risk borrower. There are also very few lenders that will offer mortgages to expats at all. However, there are providers who will, it’s all about finding the right solution for you. Getting a
Applying for equity release isn’t always a smooth process. There are a lot of options out there from multiple lenders, don’t limit yourself by not doing your research. Use a broker: When it comes to equity release we would always recommend using a broker. There is such a wide variety of products available that it
How do you give your equity release application the best possible chances of success? Read More »
Equity release has become highly popular in recent years. Those over the age of 55 can use equity release plans to free up cash from their homes to fund improvements, help out family and friends, clear outstanding debts or even purchase a home abroad. You will be pleased to know that equity release is fully
To avoid getting into trouble, or losing money, it’s vital to keep up to date with the latest law changes when it comes to Buy to Let properties. According to Accord Mortgages’ latest report: “Recent tax changes for Buy to Let properties have two major implications for landlords.” Firstly, landlords need to take the changes
Buy to Let landlords: Do you know what you need to know? Read More »