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.
Life insurance isn’t the easiest topic to get your head around at the best of times – but it’s an important part of financial planning and protecting our loved ones. It would be easy to fail to take out life insurance due to the misconceptions surrounding cost, eligibility and process. But we are here to clear the fog and debunk the common life insurance myths that you may have heard.
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.
There’s been much hustle and bustle in the financial world recently – you may have heard about The Bank of England raising the base rate from 0.5% to 0.75% earlier this month – only the second rise the UK has seen in over a decade.
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…
We wish we could predict the future, but we can’t. No one knows what’s looming around the corner. One day, you may be in work and the next your company may fall into administration. Unexpected situations like this may leave you struggling to keep up with your mortgage repayments and make ends meet. But one way to stay on the straight and narrow is by taking out Income Protection insurance. (more…)
We’re invincible when we’re young … or at least we feel as though we are. End-of-life isn’t something that the younger population tend to think about; they leave that to the oldies!
Our demise isn’t a warm fuzzy topic to talk about and when we’re young, we think we have decades before we’ll have to worry about death and what we leave behind. But whilst we know it’s going to happen, we don’t know when it is going to happen, and the reality is it could be tomorrow, in five years or fifty years. And so no matter how young we are, life insurance should always be considered.
Life insurance will provide protection for family and dependents in every instance, but there are additional benefits with policies that are taken out earlier in life. (more…)
You 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…)
Business debt has been dominating UK business news for weeks. With retailer New Look announcing the closure of 60 stores throughout the UK, and electrical franchise Maplin’s closure of over 200, these serve a reminder to businesses to do all they can to protect their interests. One way to do this is Business Loan Protection which is a little like first-aid for businesses. But what is it?
The 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: