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Level vs Decreasing Life Insurance: Whatâs the Difference?
Level vs Decreasing Life Insurance: Whatâs the Difference?
Life insurance is one of those things we all know we should sort out but it often gets pushed down the to-do list. Like a dull household chore, itâs easy to put off.If youâve started looking into life insurance, youâve probably come across two common options: level and decreasing cover. They might sound similar, but theyâre designed for very different purposes.Hereâs a simple breakdown to help you understand the difference.Level Life InsuranceLevel life insurance is the most straightforward type
Why Protection Matters
Why Protection Matters
Life can be unpredictable. Learn how life, income, and critical illness protection can safeguard your family, income, and futureâgiving you peace of mind when it matters most.
Snapshot: What Counts as a Mortgage Deposit (and What Doesnât)?
Snapshot: What Counts as a Mortgage Deposit (and What Doesnât)?
If youâre planning to buy a property, youâve probably heard a lot about deposits but what actually counts as an acceptable one? Itâs a question that often causes confusion, and sometimes frustration, especially when lenders start asking for detailed proof.Letâs break it down.Why does your deposit need to be proven?When you apply for a mortgage, your broker, lender, and solicitor will all want to see exactly where your deposit has come from. This isnât just red tape - itâs part of strict anti-mon
Iâm self-employed, can I get a mortgage?
Iâm self-employed, can I get a mortgage?
In short, yes.   There are over 4 million self-employed people in the UK. This has dropped from over 5 million prior to the coronavirus pandemic. However, it is still a significant number for which there is a large appetite for this customer category from UK mortgage lenders. Thatâs good news if youâre self-employed and looking to borrow.Just like someone in full-time employment, youâll need to meet a lenderâs specific criteria. This typically includes an assessment of your income and expenditur
Mortgage Rate Trends: Navigating the Highs and Lows of Interest Rates
Mortgage Rate Trends: Navigating the Highs and Lows of Interest Rates
Having been a mortgage adviser for a number of years Iâve seen a few changes in the mortgage market. So, the recent mortgage interest rate rises sadly come as no surprise.Oh, for the years following the 2008 financial market crash when Bank of England interest rates were crazily low at 0.5% for around 7 or so years and even just following the pandemic at an historic low level of 0.1%. Will we ever see this again? Highly unlikely â though never say never.Though do we really want a financial crisi
Hold on it could get a little `Volatileâ with mortgage rates
Hold on it could get a little `Volatileâ with mortgage rates
Trump`s war on Iran is hotting up.Let`s not get too political here, whether you agree or disagree with the Don`s approach to World order is not the debate here. Rightly or wrongly, we have entered turbulent times. And it doesnât just affect the Middle East! The fallout will affect all.Oil prices dictate. And itâs starting to feed through to the petrol pumps, and ultimately this as mentioned in our `Do you stick or twist on your mortgage` post this will affect the mortgage rates in the UK and wor
Do you stick or twist on your mortgage right now?
Do you stick or twist on your mortgage right now?
Events in the Middle East have escalated dramatically in the past few days. So much so that the fallout from this is likely to affect most of us.Take the simple fact that around 20% of the oil that is sold around the globe usually passes via the strait of Hormuz, via huge tankers. And that this passage is all but shut now due to Iran threatening to attack such tankers.This has fed through to drops in the financial stock markets and will ultimately feed through to the petrol pump due to the suppl
Ongoing costs to be aware of as a First Time Buyer!
Ongoing costs to be aware of as a First Time Buyer!
Upfront costs to be aware of as a First Time Buyer!
Upfront costs to be aware of as a First Time Buyer!
Buying your first home is exciting, but many first-time buyers underestimate some of the true costs involved in probably one of their biggest lifetime purchases.   These costs can often be divided into two - upfront and ongoing costs. Understanding these is essential to budgeting effectively.Here we will look at the Upfront costs: ⢠Deposit Typically, you need to put down a percentage of the propertyâs price, usually between 5% and 20%. Often first-time buyers tend to put a smaller deposit
Stamp Duty Land Tax
Stamp Duty Land Tax
You pay Stamp Duty Land Tax (SDLT) when you buy houses, flats and other land and buildings over a certain price in the UK.
Record-breaking Boxing Day bounce for sellers and home-hunters | Property news
Record-breaking Boxing Day bounce for sellers and home-hunters | Property news
I need to remortgage now: Should I fix for two or five years?
I need to remortgage now: Should I fix for two or five years?
I'm a first-time buyer. What does a conveyancer/solicitor do?
I'm a first-time buyer. What does a conveyancer/solicitor do?
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Holistic Mortgage & Protection Ltd | Home Page
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