Although life insurance is not compulsory for mortgage holders, it’s highly recommended to make sure the mortgage is paid off should the policy holder pass away. According to Compare The Market, just 30% of UK adults have life insurance cover which equates to 8.1 million households. Significantly less that the number of mortgaged properties in […]
Millions of mortgage holders without life insurance Read More »
If you’re over the age of 55 and looking to free up cash from your property to fund home improvements, help out family/friends or clear outstanding debts you might be looking at equity release. Last year, homeowners withdrew over £3bn through equity release products, according to data from the advisers Key Retirement. Sales of equity
We are delighted to announce that we are now an official intermediary for HSBC. We are one of few, FCA authorised, mortgage intermediaries chosen to appear on the board of intermediaries for HSBC and are very proud to have been selected. If you are considering taking out a mortgage or want to look at remortgaging
Welcome to My Finance Centre. My Finance Centre is an easy to use, platform that will help you to manage your financial portfolio and protection plans all in one place. It is available to all Custodia Estate Planning clients and can be used to create and manage your portfolio, contact your advisor directly and upload,
My Finance Centre – What it is and how to get started Read More »
If you’ve been refused credit in the past you may be concerned that your past may affect your future. This may not always be the case but here are 10 things about blacklists that you should be aware of. Blacklists are not unlawful. Following the Race Relations Act 1976, many lenders and traders renamed their
10 Things you probably don’t know about blacklists Read More »
Yes, is the simple answer, and in many ways. Today we’re going to talk about how your credit report can affect getting a mortgage offer. You can remove valuable time from the mortgage application process by making sure your credit file shows the information lenders want to see. It’s always a good idea to make
There has been a significant rise in the number of homeowners tapping into property wealth through equity release schemes. The final three months of 2017 broke a number of records relating to the equity release market and in all £3.06bn was withrdawn by 67,000 homeowners. This figure has risen from £2.15bn in 2016 and £1.6bn
Babyboomers release cash from homes in record numbers Read More »
An offset mortgage delivers a tax-free savings return by setting your savings and current account against your mortgage debt. As you only pay interest on the balance, the savings pot that you put in effectively earns a return equivalent to the mortgage rate. When it comes to hunting down a good savings rate, it may
What is an offset mortgage and what are the benefits? Read More »
Your credit report is like a CV of your borrowing history that gets updated on your behalf. It exists to show potential lenders, employers, landlords and occasionally insurance providers, an accurate representation of how you’ve dealt with borrowing/repaying money in the past and managing your credit agreements. Information is recorded depending on your actions and
How to remove negative markers on your credit report Read More »
1. Late payments Late payments will be flagged up to potential lenders. Whilst a single late payment should not have significant impact a build up of consistent late payments could result in future credit applications being declined. 2. Payment arrears If you have a growing number of outstanding payments this could significantly affect your credit
Things that might be affecting your credit rating Read More »