Many mortgage borrowers are now making overpayments to reduce the impact of higher interest rates. A recent study undertaken for Barclays Bank found that nearly a quarter of homeowners overpaid their mortgage. Should you consider overpaying your mortgage? Why should you overpay your mortgage? Overpaying allows you to save on your interest payments. [...]
By Rachel Efetha, Chartered Financial Planner with Anstee & Co. There are predictions that unfortunately, redundancies will increase over the coming months as businesses need to cut costs or fail. People deal with redundancy in different ways. You will normally be entitled to statutory redundancy pay if you have worked for your employer for [...]
Do you feel that you are locked into an interest only mortgage deal that you cannot get out of? To help you with this mortgage companies are coming up with some creative solutions. Furthermore, as we are independent mortgage brokers, we can look at all the financial solutions available to you. However, for many, [...]
By John Cossons, Mortgage and Protection Designer at Anstee & Co. As more people are working from home, and it is appearing likely that many will continue to do so, house prices are increasing and there is currently a lack of properties available for sale. So, more people are considering improving and extending their [...]
If you think that the idea of financial advice and planning is only for the very wealthy, think again. In this article we will look at the key stages of life where taking independent financial advice can make a huge difference. Having a financial plan can provide you with confidence in your future. In [...]
The mortgage industry estimates that over two million of us are paying too much for our mortgage. Homebuyers have not taken note of when their fixed or discounted rate deal has ended and have gone onto their mortgage lenders standard variable rate (SVR). With a remortgage, a homebuyer could save themselves a considerable about [...]
It is only natural that after being with someone for a while that your finances become entwined. You will be surprised by how many financial products and agreements you will share with your ex-partner. These agreements may be in the form of a mortgage, credit card, car loan or even everyday utility bills. You [...]
First of all, many people who are looking at equity release often get confused about some of the product features on offer. Some would appear to be just a marketing ploy at first sight while others have some real benefits for you. The details below highlight some of the key terms used by the [...]
If you are self-employed and looking to renew or take out a new mortgage then follow these eight top tips to ensure that you get the best mortgage for you. First of all, it’s important if you are looking to get the best deal that you start planning well before you need the mortgage. [...]
First of all, for many people entering retirement with a reduced income, budgeting to pay for existing mortgage and credit card debts can be hugely stressful. Often people will continue working longer than they planned or consider drastic and unnecessary changes to their lifestyle by selling up and moving to a cheaper property. Figures [...]
