Over the past 50 years, the retirement and living landscape in the UK has seen significant changes. Single-person households have doubled, contributing to increased loneliness. Life expectancy has risen, with adjustments in retirement age and pensions. Retired households have higher incomes, whilst the cost of living has increased substantially. Modern comforts like central heating and …
What kind of mortgages are best for 2023 and beyond?
If you are coming to the end of a fixed term mortgage, are a first-time buyer looking to get onto the property ladder, or you’re approaching retirement and looking to reduce the amount you pay per month, you’re probably wondering what kind of mortgage to opt for and how you can get the best deal. …
How are mortgages and inflation connected?
The news is full of stories about inflation, interest rates, mortgages and the cost of living. These terms are all connected in their own ways, but it can be hard to understand how they affect each other when it comes to you and your individual circumstances. In this article, we look at how mortgages and …
A guide to interest-only mortgages
An interest-only mortgage can be an attractive option for homeowners looking to reduce financial pressure felt under the weight of the current mortgage landscape. If you are looking for information on how interest-only mortgages work and why it could be beneficial to you, we’ve compiled a list of some of the key questions to be …
How can you avoid repossession?
With the mortgage landscape continuing to change as a result of interest rates increasing month by month, repossessions are also on the rise. If you are worried about your house being repossessed, we’ve compiled a list of key questions and answers that might help you understand what can be done to combat this issue. …
The lowdown on the latest interest rate increase
With news of interest rates increasing yet again, many are wondering just how high they could go and what effect these rises will have on their quality of life. In this piece, we look at some of the facts surrounding interest rate increases, and what we can expect from the next couple of months. …
Clearing your Mortgage in Retirement: What You Need to Know About Using Equity Release
Clearing a mortgage is often at the forefront of a homeowner’s mind, and as you move into retirement, you might have considered clearing your mortgage to free up your disposable income. Learn more about clearing your mortgage in retirement and if equity release can help you free-up your retirement income. Should you pay off your …
Coping with mortgage payment increases
If you are feeling the pinch in the light of increased mortgage rates, you are probably looking at ways to reduce costs in all areas of your life. With mortgage rates now at a fifteen year high and a cost of living crisis affecting everyone, hundreds of thousands of homeowners are left in limbo regarding …
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 …
