(and Equity Release)
Property is likely to be the biggest financial commitment that you ever make. Mortgages can become a minefield unless you seek independent advice so you are not drawn into a deal that means more to the lender than it does to you. Equity release is another area that should only be considered with the advice of someone who has no strings attached. That’s why you’ll feel at home with one of our advisers.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
Equity Release – We will refer any enquires to a specialist equity release adviser who will advise you of the arrangement fees for this type of business.
Becoming a landlord has been an attractive proposition for anyone who could raise a deposit, thanks to a prolonged period of low borrowing costs and generally rising property values. However, interest rates have finally started to rise (they are now the highest they have been for nearly a decade) and uncertainty in the housing market has reduced property prices, particularly across London and the south-East.
Despite these negatives, becoming a landlord may still be an appealing option given the perceived lack of good alternatives, with savings rates remaining low and restrictions on the amount that can be saved into a pension.