A first-time buyer’s guide to mortgage rates A glance at the news over the last 12 months or so would suggest that mortgage rates are a very hot topic indeed. For the last 14 years, mortgage rates - the interest rate charged on the money borrowed to purchase a property - have tended to be low, [...]
Why is it harder for first-time buyers to buy in 2025? For first-time buyers in 2025, the property market is in stark contrast to when previous generations bought their first homes. The average first-time buyer in 1960 paid a deposit of just £595 (roughly £12,738 today) compared to an average of £53,424 in 2024. A recent [...]
The cost of moving home Buying a home comes with extra costs and fees you need to be aware of – from securing your mortgage to booking the removal van. In 2024, the average cost of buying or moving house is estimated around £10,255. These costs can be higher or lower depending on where you live, [...]
Weathering the Storm: Understanding Home Insurance Coverage for Adverse Weather With Storm Kathleen about to hit parts of the UK, extreme weather events and powerful storms are becoming more frequent and intense in the UK. Homeowners may be increasingly concerned about the potential damage their properties may face. Fortunately, many home insurance policies include coverage for [...]
Credit reports look at your borrowing history and how you’ve managed to pay back any money you’ve borrowed in the past. They’re put together by the three main credit reference agencies in the UK; TransUnion, Equifax and Experian. Every time you borrow and repay money, your credit score builds up in the background based on your [...]
Most of us will borrow money to buy a property at some point in our lives. Whether you’re buying your first home, buying to let or remortgaging, it’s a big commitment. Here are some key facts to help you feel more confident about your financial decisions. The different types of mortgages The types of mortgages vary, [...]
How do critical illness cover and life insurance work to protect your income from the unexpected? With the rise in the cost of living and borrowing, many people are worried about paying the bills if anything happens that leaves them unable to work. Recent surveys have shown that the average UK family doesn’t have enough in [...]
How to protect your income and create a plan for financial security How does income protection provide you with some peace of mind if the unexpected happens? With the rise in the cost of living and borrowing, many people are worried about paying the bills if anything happens that could leave them unable to work. Recent [...]
If you’re about to come off a fixed rate mortgage, then you could be forgiven for wondering what’s in store for you. Until relatively recently, interest rates have been at near-historic lows for over a decade. In the last two years, though, they’ve rocketed. Higher interest rates, coupled with the cost-of-living crisis and high inflation levels [...]
If you want to stay on top of your mortgage repayments and ensure you’re getting the right deal for your circumstances then remortgaging is one of the most important financial decisions you can make. But is it best to change to a new mortgage product with your current lender via a product transfer or look to [...]
