New research suggests that residential mortgage brokers are conducting more searches on behalf of furloughed workers than at any time since the height of the initial UK lockdown. According to a report published this week by Knowledge Bank, the term ‘furloughed...
The Equity Release Market is Tipped for Major Growth in 2021
Independent brokers and financial advisors across the country are projecting a successful year ahead for the equity release market. With interest among customers having remained surprisingly high throughout 2020, even in the face of major economic uncertainty,...
Bankruptcy Mortgages Explained
Contrary to popular belief, bankruptcy will not necessarily count you out of the running for a mortgage. A history of bankruptcy on your file can create additional challenges, but it does not make qualifying for a mortgage impossible. It is simply a matter of...
Let-to-Buy: How to Assess Affordability
Let-to-buy can be a fantastic option where selling your home the conventional way is impossible or not preferable. For an overview of borrowing costs and typical let-to-buy rates, use our helpful let-to-buy calculator. How does let-to-buy work? Let-to-buy bears many...
Equity Release: The Perfect Product for ‘Rightsizing’ Your Home?
For some, skyrocketing property prices are making it borderline impossible to relocate. For others, it is more a case of not wanting to abandon everything they have worked hard to make their own over the years. Motivations and justifications vary, but the popularity...
Five Longstanding Myths about Equity Release
Equity release has been growing in popularity across the United Kingdom for many years; however, the market remains subject to scepticism and scrutiny. Assumptions and untruths about equity release can be harmful, steering potential candidates in entirely the wrong...
Two-Year Remortgage Deals Back at Halifax, Rates Overhauled
Halifax has confirmed the re-introduction of its popular two-year remortgage product, while at the same time outlining a series of overhauls to several major remortgage deals. Customers remortgaging with Halifax now have a total of three fee options to choose from at...
Up to 250,000 Mortgage Payers Held ‘Prisoner’ by Their Lenders
Over the past decade, the number of mortgage payers trapped in highly uncompetitive deals has skyrocketed. According to the latest figures published by the London School of Economics, as many as 250,000 mortgage ‘prisoners’ are paying exponentially more than the...