Need a mortgage? Look no further, we’ve now got the answer

We are big believers in the benefits of specialising in certain areas of financial advice. For us that means pensions, especially SIPPs and final salary, working with people at, or around retirement, and, of course investments. We have never given mortgage advice and don’t plan to do so in the future. But we know that many of our clients, and indeed their children or grandchildren, will need high-quality, independent, mortgage advice to help them buy their first home or move to somewhere more suitable. Mortgage advice for our clients We are therefore delighted ...

Interest rate cut: Winners & Losers

win concept, think differentFollowing the decision by the Bank of England to cut base rate to 0.25%, whilst at the same time, offering additional financial support to banks and other lenders, we look at who are the main winners and losers after the change. Winners Some existing mortgage borrowers: If you have a tracker rate mortgage, which pegs the interest rate you pay to the Bank of England base rate, you will see a reduction in your mortgage payments. Around 20% of all mortgages are arranged on a tracker basis. If yours is ...

The ‘Bank of Mum & Dad’ continues to grow

The ‘Bank of Mum & Dad’ continues to grow 150pxThe ‘Bank of Mum & Dad’ continues to grow, in fact, new research shows that if it were actually a bank or building society, it would make it into the top 10 largest mortgage lenders in the UK. The research, from Legal & General, shows just how vital ‘the Bank of Mum & Dad’ is to the UK housing market. According to the findings, it will lend over £6 billion in 2016, providing the deposits for over 300,000 mortgages and help ‘traditional’ banks ...

Interest rates predicted to rise, what action should you take now?

Interest rates predicted to rise, what action should you take now 150pxAfter six years at an all-time low, the Governor of the Bank of England, Mark Carney, has suggested that interest rates could rise before the end of the year. Over the past few years we’ve all grown used to low interest rates; mortgage holders have enjoyed them, whilst savers have had to endure considerable pain. So with an interest rate rise predicted what action should you take? Mortgage borrowers If you have a tracker rate mortgage As the name suggests, the interest rate ...