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...
Halifax and others have dropped mortgage rates, so what’s next for the mortgage market?
Mortgage lenders finally decrease rates It’s the news that a lot of prospective mortgage borrowers wanted to hear. One of the biggest lenders in the UK, Halifax, are set to reduce their new mortgage...
Top 5 Mortgage Tips that Make Me Cringe
5 worst mortgage tips that make me cringe and/or throw office stationary around in a mortgage rage. Strap in! Pay off your debt. Yea, maybe. But also, maybe not… I must speak to a client a...
Are you re-mortgaging now?
Are you re-mortgaging now and (sensibly) reserving a new deal ahead of your current rate ending later this year? In particular if you have a capital and interest (aka repayment) please read this! In...
