By John Cossons, Mortgage and Protection Designer. The UK mortgage landscape is evolving with a focus on affordability and responsible lending. The Financial Conduct Authority (FCA) is reviewing and potentially simplifying rules, particularly around affordability assessments when reducing a mortgage term according to a recent policy paper. This includes a move away from prescriptive [...]
If you own your own home you will be pleased to hear that you have never had it so good. It’s fine to say that you are wealthy on paper but how do you access this wealth if you want to build an extension or pay for a family holiday without selling up? So [...]
It is estimated that to put a child through private school from reception to sixth form costs more than £200,000 in school fees. You also need to budget for the extras like uniforms, school trips and music lessons. Over the last ten years, private education fees have risen well above inflation with no indication that [...]
It is now over 10 years since the Bank of England last raised interest rates. Could now be the best time to remortgage? With base rate at a historic low of 0.25%, some feel that the only way rate will go is up. Is it time to consider what a rate rise might mean for your [...]
