Your mortgage is probably the largest debt you’ll have in your life, and the monumental task of paying it off can be a stressful part of being a homeowner. The current mortgage climate is one of deep uncertainty, with rates increasing monthly, so thinking of ways to pay off such a large debt is on …
Financial Planning
What can you do if your mortgage payments are going up?
With the mortgage industry looking more and more uncertain, many homeowners will be thinking of ways to try and stop their monthly payments increasing, or looking at how they can pay off their mortgage altogether. In this guide, we look at why your mortgage payments are going up and how equity release plans could help …
What does it mean if your mortgage is in arrears?
The cost of mortgages has recently hit a 15-year high and many are wondering how they will be able to continue their monthly payments if the trend keeps up. The Bank of England has said that up to one million people will see their mortgage bill rise by £500 a month by the end of …
A guide to later life lending
If you are approaching retirement age and looking for ways to finance this stage of your life over and above your pension, you might be interested in learning more about later life lending. There are many plans available to those aged 55+ who are looking to free up cash from their home to help with …
The importance of having an up-to-date will
Having a will that is kept up-to-date is vital if your assets are to be given to the people you want them to after you pass away. Not having a will in place, or not regularly updating it, can leave your estate in limbo and your loved ones without the assets you have worked hard …
A guide to a lasting power of attorney
A lasting power of attorney (LPA) document allows you to legally appoint a person or people to manage your decision making should you be unable to make them yourself. This may be due to an illness or accident that leaves you without the mental capacity to decide what is best for you. Although it might …
A guide to self-employed mortgages
If you are self-employed and looking to get a mortgage, there are a few key bits of information you need to be aware of. Mortgages for those who are self-employed take a bit more effort to secure due to the need to prove a consistent and reliable income, but with a few extra steps you …
Can you get a mortgage for a self-build property?
Self-build properties are becoming increasingly popular, with data from October 2022 showing that over 63,000 people opted to buy land and build their own homes. The benefits of such an undertaking include it being cheaper than buying a ready-made house, and being able to be more energy efficient. You might be wondering what mortgage options …
How much does bad credit affect your mortgage chances?
Securing a mortgage in today’s climate might seem like a steep hill to climb, so if you have bad credit or a poor financial history, you might think the task is all but impossible. This is not the case, however, and there are ways to get a mortgage in spite of a spotty financial record. …
How to get on the mortgage ladder
If you’re looking to become a homeowner this year, but are unsure of which route to take, we’ve answered some key questions about getting on the first rung of the mortgage ladder. As mentioned, there are a few helpful schemes available to first-time buyers, so it is worth doing your research to see which one …
