Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

More support and flexibility for mortgage holders

You may have seen that a number of lenders have signed up to the Government's recently created Mortgage Charter (Mortgage Charter - GOV.UK (www.gov.uk), which provides further support and flexibility to residential mortgage customers. These are:

  • Anyone worried about their mortgage repayments can call their lender for information and support, without any impact on their credit score. We would encourage you to contact your bank who are there to help.
  • Customers won’t be forced to have their homes repossessed within 12 months from their first missed payment.
  • Customers approaching the end of a fixed rate deal will be offered the chance to lock in a deal up to six months ahead. They will also be able to apply for a better deal right up until their new term starts, if one is available.
  • A new agreement between lenders, the FCA and the government allows customers to switch to an interest-only mortgage for six months, or extend their mortgage term to reduce their monthly payments and switch back to their original term within the first six months, if they choose to. Both options can be taken without a new affordability check or affecting their credit score.
  • Support for customers who are up-to-date with payments to switch to a new mortgage deal at the end of their existing fixed rate deal without an affordability check.
  • Providing timely information to help customers plan ahead should their current rate be due to end.
  • Offer tailored support for anyone struggling and use trained staff to help customers. This could mean extending their term to reduce their payments, offering a switch to interest only payments, but also a range of other options like a payment holiday or part interest-part repayment. The right option will depend on the customer’s circumstances.

Remember, our team of financial advisers are available to provide guidance tailored to your specific needs and circumstances.

If you would like to discuss your financial situation further, please do not hesitate to get in touch.

SPEAK TO AN ADVISER

Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. You may be charged a fee for mortgage advice.

Related

New Year, New Home? What it means to port your mortgage to a new property

New Year, New Home? What it means to port your mortgage to a new property

Have you outgrown your home? Relocating to a different area? Perhaps you’re looking to downsize? No...

Read More >
Is your mortgage budget in place for maternity leave?

Is your mortgage budget in place for maternity leave?

Have you considered how maternity leave could impact your mortgage? We are here to help with our key...

Read More >
Enjoying Summer on a tight budget

Enjoying Summer on a tight budget

For those on a tight budget, the idea of enjoying Summer activities may seem daunting. But fear not!...

Read More >
Five easy ways to save money this festive season

Five easy ways to save money this festive season

The festive season can bring all sorts of financial stress. But with these tips, we hope you can tak...

Read More >
Is it time to review your protection policies?

Is it time to review your protection policies?

Recently we have been seeing all sorts of local news pieces on crowding funding appeals to help fami...

Read More >
CASE STUDY: Are you prepared if you can no longer work?

CASE STUDY: Are you prepared if you can no longer work?

If you are working, what would happen to your monthly income if you suddenly lost your ability to wo...

Read More >

What our clients say...

Latest Blog

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More

Protecting Your Family’s Financial Security with Life Insurance

When you buy a new home, you're often making one of the largest financial commitments of your life. ...
Read More

Can I use equity release to buy a new home?

Whether you are looking to purchase a new home to move into or purchase a property for a family memb...
Read More

Get prepared now for a big remortgage opportunity in 2025!

In 2025, there is a massive remortgage opportunity. Are you one of the 1.8 million mortgage borrower...
Read More

How technology is shaping the future of general insurance

From AI-driven claims processing to integrating Internet of Things (IoT) devices for personalised co...
Read More

Insured private healthcare admissions at near-record levels

Did you know private healthcare admissions are up, according to the Private Healthcare Information N...
Read More

What is probate and could it affect a life insurance claim?

A grant of probate is sometimes needed when valuable assets, such as property and shares, are left i...
Read More

Manage cash flow by leveraging your equity

Loading up the credit card is something we see all too often. But have you thought of leveraging the...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top