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Archive by category: Mortgage tipsReturn

May 2023

Looking to reduce your expenses and free up equity, is downsizing really an option for you?

Home Movers, Equity Release, Mortgage tips, Homeowners |

Are you looking to reduce your expenses and free up equity but believe the only option is to simplify your living space by moving to a smaller property? Recent research suggests that you're not alone in considering downsizing. BUT, strong ties to your community and the security of familiar surroundings may lead you to thinking there are other options.

What is a Second Charge Mortgage?

Remortgages, Mortgage tips, Saving Money |

Are you struggling to make ends meet in the face of the ongoing cost-of-living crisis? Are you looking for a way to raise funds but hesitant to remortgage and lose your favourable interest rate? If so, a Second Charge Mortgage could be the answer you’re looking for.

April 2023

Is this you? Mortgage case studies

First Time Buyers, Remortgages, Mortgage tips, Case Studies, Buy to Let |

Meet John, a 28-year-old working professional who has just landed his dream job in Bedford. He has been renting a flat for the past five years and is ready to step on the property ladder. John has saved £25,000 and has a good credit score. He is looking for a mortgage to purchase a two-bedroom flat in Bedford. How can we help with his mortgage?

I’m over 55, do I choose Equity Release or a Retirement Interest Only Mortgage?

Home Movers, Equity Release, Mortgage tips, Homeowners |

Retirement can be a time of great excitement, but also of uncertainty. One of the biggest financial challenges facing many people over the age of 55 is how to access the equity they have built up in their homes to fund their retirement. There are two main options available to homeowners in the UK: Retirement Interest Only Mortgages (RIOs) and Equity Release Lifetime Mortgages (ERLMs). Both of these products can be used to release equity from your home, but they work in very different ways.

March 2023

As mortgage rates start to come back down, how long should you fix for?

Home Movers, First Time Buyers, Remortgages, Mortgage tips |

If you're considering fixing your mortgage term, now may be a good time to do so, with mortgage rates dropping below 4% for the first time since last September. Some of the UK's biggest banks have cut rates to offer market-leading deals for borrowers looking to remortgage, with five and 10-year deals below 4%.

February 2023

Equity Release: Unleashing the Potential of Your Home's Equity

Equity Release, Mortgage tips, Homeowners |

Equity release has gained popularity among homeowners who are in their retirement years and wish to access the equity in their home without having to sell it. The cost of living continues to increase, and inflation has hit double digits, making equity release a valuable solution for supplementing retirement income.

Unlock the Door to Homeownership: A Guide to Government - Backed Schemes for First-Time Buyers

First Time Buyers, Mortgage tips |

First-time homebuyers may find it difficult to get on the property ladder due to the high cost of the deposit. However, there are several Government-backed schemes available to help first-time buyers purchase a property.

January 2023

Can you remortgage with bad credit?

Remortgages, Mortgage tips, Bad credit |

While having bad credit can certainly make it more difficult to get a mortgage, it’s not impossible. When you have a poor credit history, you are more limited on which mortgage deals you can access, in turn this can lead to more costly options.

Soaring debts in the over 55s

Remortgages, Equity Release, Mortgage tips |

Recent research carried out by Later Life Lender more2life and economics consultancy Cebr has revealed a significant increase in the total amount of debt owed by the over-55s. Almost two in five over-55s (39%) said that their outgoings exceeded their income during parts of 2022.

December 2022

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

Home Movers, Mortgage tips, Homeowners |

Have you outgrown your home? Relocating to a different area? Perhaps you’re looking to downsize? No matter the reason, 2023 could be the year of the New Home for you and your family.

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How much equity can I release with a lifetime mortgage?

A lifetime mortgage is a type of equity release. In simple terms, it’s a loan secured against the v...

Myth-busting mortgage hurdles

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Should you use equity release to pay off your mortgage?

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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

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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.

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