Taking the stress out of the mortgage process

On Wednesday 7th November, we celebrated Stress Awareness Day to raise awareness surrounding the importance of self-care and our well-being. And while moving home is supposed to be one of the happiest experiences of our lives, there’s no lie that it comes with a huge amount of stress. According to recent research, 1 in 4 homeowners, experience stress during the mortgage process, and more specifically, during the mortgage application.

While it’s not as simple as telling somebody ‘remain positive’, we’re here to advise you on how to take the stress out of the mortgage process.

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3 first-time mistakes

Buying a home and your first home at that is an extremely exciting yet daunting experience. Purchasing a home is a huge financial investment that requires preparation and planning. In this blog, we are going to highlight 3 common errors most first-time buyers make when they hit the property market.

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Mortgage Brokers: friend not foe

Have you ever asked yourself, what does a mortgage broker do that I can’t? You know what you’re looking for, right? So, why should you pay for their services when you’ve got other costs to think about including moving costs, a mortgage and so on? Well here’s why…

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The conflict between rising house prices and affordable mortgage rates

Conflict between house prices and mortgage rates, First Financial Solutions, Neath, South WalesYou could be forgiven for believing that as house prices rise, mortgage rates would rise in correlation. But as house prices reach a record high in the UK, mortgages rates remain the most affordable in a decade.  This lack of symmetry has many contributing factors, including the housing market itself, low unemployment rates and mortgage approval rates.

As of March 2018, average house prices rose by 2.7% over the previous 3 months to reach a record high of £227,871. This increase in house prices is a consequence of the UK’s limited housing market – housing developments are not meeting housing demands and so the lack of competition in the housing market leaves homeowners with very few alternatives. (more…)

Overpaying your mortgage – what move should you make?

Shoe home - First Financial SolutionsThe concept of paying more to than you need on your mortgage to reduce your balance more quickly sounds like a no-brainer. Get it right and with overpaying you could be quids in. Get it wrong and you could be facing some nasty penalties.

This guide can help you decide if overpaying on your mortgage is the right move for you:

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Should Life Insurance be your New Year’s resolution?

Yes, it should.

Every New Year we all jot down a list of resolutions that we intend on sticking to for the upcoming year ahead. These are usually resolutions that might help us to be more active, lose weight or help our finances, but shouldn’t we do something a bit more practical and something that could really benefit the future should the worst happen? Say, taking out Life insurance?

That’s why First Financial Solutions recommend life insurance be your 2018 resolution!

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