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Do I need Life Insurance?

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Death is normally a taboo subject, but when you start making financial commitments and/or have children, it’s important that you have something in place should the unexpected happen.

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How do I find out if I have a bad credit rating?

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Before applying for a mortgage, it’s always a good idea to check your credit rating, whether you believe it’s bad or not.

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Can I get a mortgage on an auction property?

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Specialist mortgage lenders will offer you a mortgage on an auction property if it is habitable or lettable (assuming you meet the lending criteria and can afford the repayments).

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Should I overpay my mortgage?

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There are several benefits to overpaying your mortgage but there are circumstances when it makes sense to keep to your agreed repayments as set out by your mortgage lender.

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Can I rent my Buy-to-Let property to a family member?

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It can be done but it is a little trickier than a regular Buy-to-Let.

When renting to a direct relative (i.e. parent, child, grandparent or sibling), this becomes a “regulated” Buy-to-Let.
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Maximum borrowing on a mortgage?

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How much you can borrow for a residential mortgage is based on your net income. Lenders will then take into account what your outgoings are and what they will be once the new mortgage starts.
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Do I need to review my life cover?

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Did you know that you could reduce your premiums or increase your cover if your circumstances have changed:
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What is downsizing and why might I want to do it?

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So why might you think about downsizing? There are lots of different reasons you may consider downsizing but some of the most popular reasons we come across are:
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How do I become a landlord?

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Becoming a first time landlord may sound an attractive proposition, but as with any business venture, it’s important to do your research. Here are our top 5 tips:
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Can I raise money for DIY and home improvements?

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The Christmas decorations are down and thoughts often turn to DIY and home improvements, but these improvements will need paying for. Did you know that you can use the equity in your property to release money for this purpose?

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An increase in bad credit mortgages available!

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There was a time when, if you had a less then perfect credit rating, you’d struggle to get a mortgage. Financial institutions are realising that more and more of us have credit commitments, whether this be car loans, credit card debt, store cards or even CCJ’s and bankruptcy, and are adapting their lending criteria and products to suit.

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Are burst pipes covered by house insurance?

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Depending on how comprehensive your policy is, will depend on whether you are covered.
The most common cause of burst pipes is frozen water in the pipes expanding and causing them to burst. There are several measures you can take to prevent this happening.

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What costs are involved in getting a mortgage?

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When you make the decision to take out a mortgage, it is important to take into consideration the costs involved. Below is a glossary of the fees you might come across:

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What is the right mortgage for me?

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You may think it’s a jungle out there and yes there are thousands upon thousands of products available, but with a little bit of guidance, you’ll get a better idea of a fit for you and your circumstances.

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Would your bank statement pass the test?

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It may be true that you can easily afford the mortgage repayments on a mortgage and you have a good steady income, but did you know that certain entries on your statement could potentially stop you getting a mortgage?

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Offer, Exchange, Completion – what do they mean?

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In any industry you’ll find jargon, but when you’re making probably the biggest financial commitment you’re likely to make, you need to be sure you understand what the estate agents, mortgage broker/lender or solicitor/conveyancer are talking about.  So, here’s a quick run-down of a few terms you might hear during the house buying process:

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Would you like help getting your deposit together for your first home?

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Getting on that first rung of the home owning ladder can be difficult, especially now that the average house price in the UK is £226,906* and the minimum deposit amount would be £11,345.30 on a home of this value.

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Worrying about the cost of Christmas?

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According to the Centre of Retail Research, Christmas costs on average £821.25 per family (Nov 17).
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What is debt consolidation?

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Debt consolidation is refinancing debts under one loan payment. Most commonly used to bring all debt together at a lower more manageable monthly repayment.

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Did you know House in Multiple Occupation (HMO) rules have changed?

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A house in multiple occupation (HMO), sometimes called a “house share” is a property rented out to at least three people (who are not from one household eg a family) but share facilities such as a bathroom or kitchen.
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3 Sorrel Horse Mews
Grimwade Street
Ipswich
IP4 1LN

 

01473 216950

 

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