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Archive by category: First Time BuyersReturn

August 2024

Watch out for these mortgage scams

Home Movers, First Time Buyers, Remortgages |

Your first step of protection? Avoid scams by always using a trusted mortgage broker. Even with increased online security and tight rules and regulations, so many scams are going around. We live in a world where buying or selling a property is possible without meeting face-to-face with your conveyancer, mortgage broker, estate agent, surveyor, or even buyer/seller.

July 2024

Is your mortgage budget in place for maternity leave?

Home Movers, First Time Buyers |

Have you considered how maternity leave could impact your mortgage? We are here to help with our key strategies and tips. You’ve got lots to plan and prepare for with the arrival of a bundle of joy. Let us take the stress out of your mortgage worries as we clear up a few things.

June 2024

Top tips: how to improve your chances of securing your dream home

Home Movers, First Time Buyers, Mortgage tips |

Property buyers are forced to compete hard in many markets. So, how can you improve your chances of securing your dream home? Here are five tips to beat out other buyers:

Have you heard of the 99% mortgage?

First Time Buyers, Mortgage tips |

As you might have guessed from the name, a 99% mortgage allows you to take out a mortgage with only a 1% deposit. This could be a fantastic opportunity for those struggling to buy a house. Think renters who already pay what they would in rent. Or those who can cover repayments but can’t save enough of a deposit in time to buy a house.

May 2024

First-Time Buyers: Frequently Asked Questions

First Time Buyers, Mortgage tips |

Do you know the difference between a fixed and a variable mortgage? Have you heard of 'loan to value'? Are you curious about what help is available for first-time buyers? Or are you a supportive parent who wants to help your loved ones with their first purchase? The easiest way to get quick answers to all these questions is to hit the 'Contact Us' button. But in the meantime, here is a quick guide to this exciting process of becoming a homeowner. (Feel free to forward the article...

April 2024

Spring Budget 2024 summary: what are the key takeaways?

Home Movers, First Time Buyers, Remortgages, Homeowners |

On the 6th March, the Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget for 2024. This speech saw the announcement of some new taxes and adjustments to existing taxes. We also saw changes to several economic policies. In our summary, we look into how this budget might affect you. Here’s some key takeaways for you.

March 2024

What is a ‘stress test' and how does it work?

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

Are you coming to the end of a fixed rate mortgage or have your circumstances changed? For example, a new baby or job? We do a deep dive into one of the more complex concepts of mortgages and why your circumstances might affect them. Have you heard of ‘stress tests’ before? Introduced in 2014, stress tests, aka an ‘income test’, are an important part of the mortgage process.

January 2024

Financial New Years’ Resolutions

Home Movers, First Time Buyers, Homeowners |

2023 undoubtedly wreaked havoc with many of our finances with the cost-of-living expenses rising and interest rates causing uncertainty in the mortgage market. So, with a New Year now underway, it isn’t too late to set your financial goals to help combat the ongoing cost increases. Check out our handy list of 10 Financial New Year’s Resolutions that could help shape your finances for 2024.

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.

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...

Latest Blog

Myth-busting mortgage hurdles

Here are common mortgage myths debunked to help you navigate the home-buying process confidently. Ch...

Do you need joint life insurance?

Have you ever wondered whether you and your partner should be on one single life insurance policy? O...

Let’s get you on the property ladder with these tips!

We can help you get on the property ladder. Feel free to call us today to see what we can do for you...

2024 Autumn Budget

Let’s go through one of the biggest tax-raising Budgets in history. With the new government underwa...

Update: Bank of England base rate

In August, The Bank of England cut interest rates to 5% from 5.25%. The first drop in rates since t...

A couple months on, we reflect what could the recent election change mean for you

As we all know, predicting which election promises will become reality is no easy task! However, we’...

What is Spear Phishing?

Though it may sound like a thrilling way to catch fish, Spear Phishing is far from exciting—and def...

Is your will in order?

Making a will is the only way to ensure your money, property, possessions, and investments (known as...

Top five insurance policies to take out

Part of our ‘stay safe and stay smart’ campaign naturally includes insurance. With the cost of liv...

What are the different types of income protection?

Did you know that recent research from Beagle Street suggests that 10 million young UK adults don’t...

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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