What you need to know about credit checks before borrowing money
The information a lender finds during a credit check is important – it could affect whether you’re able to borrow money, including through a mortgage, and the interest rate you’re offered. Yet, they can also seem perplexing. Indeed, a Royal London survey found that a third of Brits had never looked at their credit report. The good [...]How Improving Your Credit Score
Credit scores can affect anything from financing to phone contracts and loans. Most importantly, the better your credit score, the higher your chance of being offered a good deal for your mortgage, opening the door to significant savings. Lilac Financial can help you to understand your money, giving you valuable insights into becoming more financially [...]How financial advice adds more value to your life than you may realise
The cost of living crisis is causing many to re-evaluate the benefits of financial advice. Traditionally, the value of financial advice has been measured by monetary results of investment performance and returns. Today, the cost of living crisis is causing many to re-evaluate the benefits of financial advice. These days, financial planning is about [...]The pros and cons of downsizing
Downsizing could mean lower overheads as well as the extra cash from the sale of your home. But there are factors to consider before you make the decision. From reducing household bills to boosting retirement savings, there are plenty of reasons why people choose to downsize and move to a smaller property. It’s important to [...]Could mortgage relief measures risk a financial shortfall later on?
New measures agreed by banks and building societies to help homeowners with their mortgage payments could be a financial risk as they face a higher total interest bill but a lower income in retirement. Lenders have been encouraged by Chancellor Jeremy Hunt to offer more flexibility to homeowners through a new ‘Mortgage Charter’ to support [...]Little things can be Life-Changing
Healthy benefits included for you and your family? Now those are some little things that can make a big difference. Protection policies aren’t just there for when things go wrong. Many protection insurers include access to a range of health and wellbeing support services – and you don’t need to claim to be able to [...]Little things can be life changing
A little change you can make today can safeguard your biggest investment – your home. If you’re a homeowner, your mortgage payments are likely to take up a large part of your income each month. But if you became seriously ill or injured, and unable to work, would you be able to keep up your […]