While an IVA can provide much-needed debt relief and help avoid bankruptcy, it can have a significant impact on your credit file. It’s important to understand the impact it may have on you. What is an IVA? An Individual Voluntary Arrangement (IVA) is a legally binding agreement between an individual and their creditors. It is…
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Equity release has become increasingly popular in recent years. It allows homeowners, aged 55 and older, to access the equity tied up in their property without having to sell it. This can be done in several ways, but the most common ones are through a lifetime mortgage or a home reversion plan. What’s the difference?…
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Buying and selling property can be a complex and stressful process. One of the most challenging parts of buying or selling a property is the property chain. A property chain is where a group of home buyers and sellers are dependent on one another when purchasing a house – for example the owner(s) of the…
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In May 2023, the Bank of England announced an increase to its base rate by 0.25%, rising to 4.5% in the latest rise since December 2021. Inevitably, this will affect everyone throughout the UK. So what does it mean and how does it affect your mortgage? What does this mean? Approximately 2.2 million people in…
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Knowing when to buy a house can be challenging, especially during a cost-of-living crisis. Although household budgets remain under pressure from high inflation, confidence is returning to the property market as house prices fell 3.1% on an annual basis in March. Falling house prices March 2023 registered the biggest fall since July 2009, with the…
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Around 140,000 landlords retired in 2022, predominantly these were older investors, who were part of the early buy-to-let mortgages launched in 1996. They leave behind a gap which is at risk of not being filled. What does this mean for the next generation of landlords? Currently, there are around one million landlords above the age…
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Life is unpredictable, but preparing for the unexpected can provide peace of mind and financial security for you and your loved ones. Whether you are considering life cover or re-evaluating your finances, it’s always important to plan for the future. Cost-of-living pressure With inflation remaining high, and continuing to affect household budgets, dealing with price…
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Income is undoubtedly your most valuable asset, and protecting it is crucial for both present and future financial security. It’s the source of paying for daily expenses, investing for the future, and building a secure financial foundation. The importance of income protection Income protection is vital for future financial security. Unpredictable events such as illness,…
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With the end of the tax year around the corner, and mortgages for Self Employed applicants becoming tricker to source and get across the line, it’s absolutely key to make sure that you have the right documents ready for assessment both both your broker and your lender. We thought it would be useful to write…
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Buying a property is a big decision, especially for first-time buyers. While it can be an exciting and rewarding experience, it can also be stressful and overwhelming. There are several tips and options available that can help you, as a first-time buyer, get onto the property ladder. Save for a deposit The larger the deposit…
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