February 14th 2024 mortgage news
What's in the news? February 2024 The cost of moving and stamp duty is putting millions of homeowners off of potentially downsizing. Older homeowners are unable to move to smaller properties...
Navigating the Financial Maze of Downsizing in Retirement: What are Bridging Loans?
Retirement often marks a period of transition, a time to embrace new experiences and simplify life. Many retirees consider downsizing their homes, seeking a smaller, more manageable living space...
Mortgage rates are falling in the UK as lenders battle for business in 2024
After a gruelling two years of rising interest rates, the UK mortgage market is now seeing a price war as lenders compete for business. This is good news for borrowers, who are now finally seeing...
Why is only one of our incomes used on a RIO mortgage UK
What is a Retirement Interest-Only (RIO) Mortgage? A Retirement Interest-Only (RIO) mortgage is a type of mortgage that allows borrowers 55 or older, to purchase or refinance a home without being...
The average five-year fixed mortgage rate in the UK has fallen below 6 percent
The average five-year fixed mortgage rate in the UK has fallen below 6% for the first time since early July, according to Moneyfacts. This is good news for homeowners looking to move and also for...
5-year fixed rates for retired borrowers drop to as low as 5 percent
Good news for retired borrowers! Five-year fixed mortgage rates have dropped to as low as 5%, the lowest level since July. This means that retired homeowners can now lock in a better rate on their...
Borrow MORE with your pension
As mortgage brokers the most common issue we overcome for our clients is affordability. Believe it or not, there’s over 900 registered lenders in the UK. Of course, not all are actively lending to...
Is debt consolidation on a retirement mortgage right for you?
Debt consolidation on a retirement mortgage, is it right for you? I’m retired, have a mortgage, unsecured debts and my costs are increasing: Should I consolidate my debts into my mortgage to...
FCA ‘disappointed’ by poor advice given by lifetime mortgage advisers
FCA 'disappointed' by poor advice given by lifetime mortgage advisers https://www.ftadviser.com/mortgages/2023/09/14/fca-disappointed-by-poor-advice-given-by-lifetime-mortgage-advisers/ ...
Are mortgage rates set to drop again in late 2023?
Everyone is talking about mortgage rates again: Will They Drop in Late 2023? We asked our Advising Director and mortgage expert Steven Morris Well the UK housing market has certainly been on a bit...
What are ‘pressure sales’ tactics in the housing market and why does it affect my mortgage decision?
What is ‘conditional selling’ or ‘pressure sales’ tactics in the housing market, and why does it affect my mortgage decision? Pressure sales in the housing market refers to aggressive and...
What is going on with inflation in the UK right now, and how does it affect mortgages?
What is going on with inflation in the UK right now? And how does it affect mortgages? According to the Office of National Statistics, the consumer price index (which includes owner/occupier...
