Blogs & Vlogs

How Does a Lifetime Mortgage Work

How does a lifetime mortgage work?
A lifetime mortgage is when you borrow money secured against your home, provided it is your main residence, while retaining ownership.

You can choose to ring-fence some of the value of your property as an inheritance for your family. Additionally, some providers may be able to offer larger sums to those […]

January 26th, 2017|Blogs & Vlogs|0 Comments

4 Saving Tips To Help You In The New Year!

1 – Give your pension a little love
Pension saving offers some of the biggest guaranteed returns available. It’s not complicated.

We’ve put together a checklist to work through which could save you tax, boost your returns and put your pension on track.

 

 

2. Switch energy suppliers
Households could save up to £221 if they switch energy suppliers, but millions […]

January 10th, 2017|Blogs & Vlogs|0 Comments

Saving money for Christmas

Saving versus borrowing for Christmas
It’s difficult to pay for Christmas out of December’s pay packet alone, so it makes sense to save up as much as you can beforehand. The earlier you start saving, the less you need to put aside each month. Even a small amount over a few months can make a big […]

December 18th, 2016|Blogs & Vlogs|0 Comments

Are You Ready To Enjoy The New Pension Freedoms From The Government

In April 2015 new legislation came in to force which had a major implications for anyone with a pension scheme.

What are the new freedoms?

These new freedoms mean you can take your pension pot as a lump sum or as an income in the way you want to subject to your higher margin of income tax. […]

December 9th, 2016|Blogs & Vlogs|0 Comments

A Residential Interest Only Mortgage For Customers Age 55-95

Lifetime 55+ case study – The Lewis’s

Why Does This Case Work?

Age qualify because youngest borrower is 69 and a term of 20 years takes them to 89 which is within the 55+ mortgage criteria age range (based on the youngest borrower.)
Downsizing is an acceptable strategy because there is over £150k equity left in […]

December 4th, 2016|Blogs & Vlogs|0 Comments

TMW direct-to-consumer BTL pilot ‘fraught with problems’, brokers say

by: Hannah Uttley

Industry heavyweights have raised concerns over the plausibility of The Mortgage Works’ move to pilot a direct-to-consumer buy-to-let proposition, questioning whether customers will receive appropriate advice, particularly in the current climate. Brokers said that the timing of TMW’s pilot “raised a few eyebrows” with upcoming changes to underwriting standards set to take hold of […]

December 2nd, 2016|Blogs & Vlogs|0 Comments

Ying Tan’s buy to let product round up December 2016

As we approach the end of 2016 focus will turn to January, when the first part of the Prudential Regulation Authority’s new rules for buy to let come into play.
The timing isn’t great. The new year generally gives us the chance to start afresh and landlords would no doubt like to do just that and […]

November 28th, 2016|Blogs & Vlogs|0 Comments

Why use a Mortgage Broker when seeking a Buy to Let Mortgage?

They know the industry
Mortgage criteria has tightened massively over the past few years, with the Mortgage Market Review of 2015 being the last wide-ranging development. That was designed to ensure borrowers can prove affordability, even in the event of a rate rise, and those extra checks have created additional barriers to lending.

 

Buy to Let property […]

November 26th, 2016|Blogs & Vlogs|0 Comments

Why use a Mortgage Broker?

You’re protected
An important thing to understand is that when you receive mortgage advice, your mortgage broker has a duty of care to you. They have to recommend a suitable mortgage and be able to justify why the particular mortgage they have chosen is right for you. If their advice is not up to scratch, you […]

November 20th, 2016|Blogs & Vlogs|0 Comments

How the Bank of Mum and Dad can help you buy a home without handing over their life savings

 

Rock bottom interest rates, high inflation and low wage growth has meant that despite mortgage rates falling, many are sill struggling to save for a deposit or get enough income for a mortgage. However, if you are lucky enough to be able to call on parents or friends who can help, you may be able to access […]

November 10th, 2016|Blogs & Vlogs|0 Comments