Mortgage guides & advice

There are lots of mortgage options available to the over 50s. In this guide we cover the range of options, what makes later-life mortgages different and answer some common questions.

Help prepare for a mortgage application by understanding why a mortgage application might be declined and what you can do to improve your chances by reading our article.

Whether you are a first-time buyer or a seasoned borrower the jargon used during the mortgage process can seem impenetrable. Demystify jargon with our glossary of mortgage-related terms.

Obtaining a mortgage is often one of the biggest financial decisions you will ever make, so it’s important to get solid advice – which is where a mortgage advisor can prove useful. Mortgage advisors are financial advisors who specialise in the mortgage market. Learn more about what advisors do, and how they can help you, in this guide.

An equity release mortgage is a product available to homeowners over the age of 55, which allows them to draw a tax-free lump sum, or several smaller sums (on which you’ll pay interest), from the equity in their home while continuing to live in the property until they die or move into residential care.

We are getting more frequent enquiries from homeowners who have had interest only mortgage products for many years. Now that they are approaching retirement, they find they have no obvious method to repay the mortgage in full. Retirement mortgages can offer solutions including Retirement Interest Only and Equity Release products.

As an advice firm, we are often approached by potential new clients asking how to get a mortgage if they are self-employed. Many self-employed people believe they will struggle to get a mortgage. It’s often much easier than you’d imagine, so we’ve put together this guide for self-employed individuals who would like to buy a new home, or remortgage their existing property.

When you have a mortgage already, but you want to move house, what happens to your mortgage? This is a common question from our customers, wondering if they can keep their mortgage when they want to sell their existing home and move to a new one. To help we’ve written this guide to help you understand the pros and cons of porting or replacing your existing mortgage.

With the changes in the mortgage interest relief restriction, more of our customers are asking if they should consider setting up a limited company to manage their buy to let property/properties. As it is not a clear cut yes or no answer, we’ve put together this guide to help you decide which option is right for your personal circumstances.

When taking out a new mortgage, it is often a time to review your insurance policies and determine if they fit your needs. Often our customers will consider if they need life insurance when they are either taking out their first mortgage, or moving to a new property. The answer will always depend on your specific circumstances and acceptable level of risk, but this guide is available to help you decide.