Blogs

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

Make an enquiry

Archive by category: HomeownersReturn

November 2023

Autumn Statement: 95% Mortgage Guarantee Scheme has been extended

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

As part of their Autumn Statement, the Government announced that the 95% Mortgage Guarantee Scheme has been extended until the end of June 2025. The scheme incentivises lenders to help both first-time buyers and current homeowners to purchase properties up to £600,000 with a 5% deposit. It can be used for mortgages on both new build and existing homes by first-time buyers, home movers and those remortgaging.

Why the need for money from our homes in retirement is changing

Equity Release, Homeowners |

When it comes to money tied up in your home and unlocking this, there are a range of reasons why Lifetime Mortgages are the avenue older borrowers choose. Even though some of the uses for Later Life Lending can be home improvements, offering cash support to family members or going on a dream holiday, in 2022, the main reason equity was released from homes was to clear existing mortgages.

A glimmer of hope for prospective homebuyers

Home Movers, First Time Buyers, Remortgages, Equity Release, Saving Money, Homeowners |

The headlines this year have been dominated by rising mortgage rates, which has made it quite overwhelming for many people managing their monthly mortgage payments, along with the ongoing cost of living crisis. Nevertheless, there's some positive news on the horizon...

October 2023

Burglary rises when the clocks go back: is your home at risk?

Homeowners |

Burglary statistics reveal a strange fact. Each time the clocks go back one hour for Daylight Saving Time (DST), the number of break-ins increases by one-third. Most home insurance policies will cover you if your home is burgled, but there are limitations which could lead to your claim being rejected. Some of the scenarios that may catch you out include...

Caste study: Using Equity Release to gift a house deposit

Equity Release, Case Studies, Homeowners |

One of the options for homeowners aged 55 or over, who want to give children or grandchildren money to buy a home, is to consider releasing equity from their own property. Equity release could allow you to give them their inheritance early, offering you the chance to see this money being put to use when it is needed.

September 2023

Unlocking energy efficiency: Enhance your home with a lifetime mortgage

Equity Release, Homeowners |

In a world where energy bills are rising faster than ever, finding ways to make your home more energy-efficient has become a priority for homeowners. The good news is that a lifetime mortgage can provide a unique opportunity to not only enhance your property's energy efficiency but also improve your overall quality of life.

Are there different types of life cover?

Protection, Homeowners |

When it comes to securing your family's financial future, life cover is an essential consideration. Life cover, often referred to as life insurance, provides a safety net that ensures your loved ones are financially protected in the event of your passing. There are several types of life cover to choose from, each designed to cater to different needs and circumstances.

Mortgage product transfer vs. remortgage

Remortgages, Mortgage tips, Homeowners |

When it comes to managing your mortgage, there often comes a point where you need to make a decision that could significantly impact your financial future. Two common options that homeowners consider are mortgage product transfers and remortgages. While both choices offer unique advantages, the importance of seeking advice from a professional mortgage adviser cannot be overstated.

August 2023

Unlocking financial freedom in retirement

Equity Release, Homeowners |

Retirement is meant to be a time to relax and enjoy after years of hard work. However, for many, the burden of bills and financial responsibilities, especially at the moment, can overshadow this golden period of life. Fortunately, there is a solution that offers financial relief without the need to downsize or cut back on lifestyle.

July 2023

Income Protection: Bridging the gap

Protection, Homeowners |

When it comes to sick pay entitlement, the United Kingdom falls behind other European countries, with a current statutory sick pay rate of just £109.40 a week*. This places a heavy burden on individuals facing illness or injury and it becomes even more crucial to recognise the significance of income protection.

Latest Blog

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...

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...

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...

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...

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...

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...

With insurance premiums on the rise, is your policy up to date?

With insurance premiums increasing, it’s a great time to review your policy. Did you know that if y...

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...

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

Quick Links

First Time Buyers

Home Movers

Remortgages

Equity Release

Blog

Meet the Team

Contact Us

Privacy Policy

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.

Blogs

What our clients say...

Latest Blog

Quick Links

Our Fees