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Archive by category: HomeownersReturn

March 2023

Could Equity Release help you repay your interest-only mortgage?

Equity Release, Homeowners |

In the 1990s, there was a boom in interest-only mortgages, and many homeowners who took out these mortgages during that time will now be coming to the end of their mortgage term with the full or a large amount of the capital needing to be paid off. In fact, it is estimated that almost half a million interest-only mortgages are due to end before 2027*. This can be a stressful time for homeowners, who risk losing their home if they are unable to repay the mortgage when the term ends.

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.

December 2022

Life Insurance: Ensure your family can continue the Christmas magic for years to come no matter what

Protection, Homeowners |

For most of us Christmas means spending time with our loved ones. But what if the worst were to happen, would your loved ones still be able to have a Christmas? Protecting your family’s finances can ensure the least disruption to those events that can be particularly difficult to face for loved ones after losing someone important.

Inheritance tax allowance freeze: What does it mean?

Saving Money, Homeowners |

As announced in the Autumn statement by Chancellor Jeremy Hunt, the government have made the decision to freeze the inheritance tax (IHT) thresholds for two more years. But what does this mean?

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.

Debt consolidation - ease the burden of financial outgoings

Mortgage tips, Saving Money, Homeowners |

While we’re not quite at Christmas yet, many of us will have made a big dent in our Christmas shopping to do list, but at what expense? Budgets this year are significantly tighter for many households, and many will have turned to borrowing via credit cards, store credit and loans to afford the lifestyle they enjoyed previously. But what if the debts are growing and you’re unsure how you’ll look to repay them in the new year?

November 2022

CASE STUDY: Over 50 but too young for equity release – what are the options?

Remortgages, Equity Release, Mortgage tips, Case Studies, Homeowners |

People over the age of 50 often find it difficult to get a mortgage because many lenders will not take future income, such as pensions, into account. But some lenders do, in particular those who offer retirement interest-only mortgages. Our case study shows how a retirement interest-only mortgage may be a viable, affordable and the right option in later life.

Secured loans – Defeat the debts

Remortgages, Mortgage tips, Bad credit, Homeowners |

It’s no secret that the results of the pandemic and the more recent cost of living crisis have left many of us seeking alternative ways to afford the essentials, and for a lot of us that has meant extending overdraft facilities, obtaining credit cards and securing store credit options. But these multiple debts can mount in interest and become difficult to juggle, so what then?

Our MD and adviser Luke talking about mortgages and interest rates rises on the BBC HEREFORD & WORCESTER Radio Breakfast show

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

There is a lot of talk in the media about mortgage rates. It is true that some rates have increased but it is also true that many lenders have dropped their rates in the last couple of weeks although you will find this less reported in the media. If you are looking to buy a house or remortgage, a mortgage broker can help you navigate this turbulent market and find you options to help keep costs down. Fairview Financial are still helping clients every day because,- despite the BOE rate increas...

October 2022

What do storms mean for your Home Insurance?

Home Insurance, Homeowners |

Are you aware of what storm or flood cover you have for your property? Have you checked your fine print ahead of the turbulent weather? If not, it’s worth investigating your current cover, or ensuring you renew soon with these elements factored in. Your buildings insurance should provide cover for damage caused by floodwater entering your home, be it from heavy rainfall, storms, high tide, or a river bursting its banks.

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

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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.

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