News

A new study has highlighted that almost two thirds (64%) of mortgage applicants in the UK have struggled with feelings of stress and anxiety over the last year. This figure increases to 80% amongst first time buyers who are clearly finding the process challenging. With product withdrawals, altering rates and a fast-moving market, there’s no wonder this backdrop, prompted by the ‘mini-Budget’ last Autumn, has caused high levels of stress for mortgage applicants, especially set amongst a co...

Accidental damage and escape of water are the most common home insurance claims. While we often think of threats like theft or fire, this research reveals that more home insurance claims result from clumsiness than malice. Of 76,518 claims made last year, accidental loss or damage at home, which can include everything from staining a carpet to drilling through a pipe, accounted for more than a quarter. Escape of water made up another quarter of claims, while outside threats like storm damage (...

The Perks of Overpaying Your Mortgage:Slash Interest Costs: By adding extra payments to your mortgage, you can cut down on the interest you'll fork out over the loan's life, leaving more money in your pocket.Swift Freedom from Debt: Paying off your mortgage early brings peace of mind and full homeownership, easing financial stress.Financial Flexibility: A mortgage-free home can act as a financial safety net, ready to catch you in times of unexpected financial turbulence.No Penalties for Early Pa...

Fixed Rate Mortgages: Pros: Rate Certainty: Monthly payments remain constant throughout the fixed term, providing budget predictability. Protection from Rate Increases: Shielded from interest rate hikes, which can save money in a rising rate environment. Peace of Mind: Reduced financial stress due to stable payments, especially for first-time buyers. Cons: Higher Initial Rates: Fixed rates are typically higher than initial rates on variable mortgages. Less Savings in Falling Rates: If ...

There are many ways we can help clients in these uncertain times. To put it simply, it's not just about obtaining business. Sometimes we merely offer advice and reassurance. Our senior adviser Adam met with a client in the process of moving home. His existing mortgage deal was ending at the same time he placed his home on the market, and he was worried about his monthly mortgage payments increasing. After searching the marketplace, Adam was not only able to secure a competitive mortgage for ...