Category: Mortgage

Mortgage

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 [...]
0 Comment
Mortgage

It’s not all fixed rates

With over 10 years of record low interest rates, fixed rate mortgages offer borrowers the stability of knowing what the mortgage payment will be for a set period, which helps with budgeting. Because of the way many lenders decide what rates to offer, we’re currently seeing tracker products priced a lot more competitively than fixed rate [...]
0 Comment
Financial, Mortgage, Protection

Spring clean your finances

The start of a new year is a great time to review your finances – whether it’s your savings and investments, mortgages or insurance policies. Higher interest rates and the rapid increase in the cost of living are likely to be affecting many areas of your finances. The start of the year is the perfect [...]
0 Comment
Mortgage

Why your mortgage term matters

With increases in the cost of living impacting on many household budgets, the cost of your monthly mortgage payment continues to be important. On a capital repayment mortgage, the quicker you pay off your balance, the bigger your monthly payments will be. By having a longer term, you may benefit from a lower monthly payment, [...]
0 Comment
Mortgage

Getting Mortgage Ready

Whether you’re a first-time buyer, a second-stepper or further up the housing ladder, buying a home is always a big move and can feel a bit like a roller coaster ride at the best of times. With 60% of buyers reporting being put off moving because they find the idea overwhelming, here are some tips that [...]
0 Comment
Mortgage, Property

Cities start to attract property buyers again

By Kevin Peachey Personal finance correspondent, BBC News Published 24 December 2021 Prospective property buyers have returned to cities, with flats the most highly in demand during the autumn, according to property portal Rightmove. The UK housing market was relatively immune to the economic effects of Covid, with demand and price rises remaining high throughout [...]
0 Comment
Mortgage

Majority of self-employed say it is harder to get a mortgage

Almost two-thirds of self-employed individuals believe it is more difficult for them to secure a mortgage, according to Foundation Home Loans. The research, carried out by BVA BDRC on behalf of Foundation, also showed that three out of five self-employed people believed some lenders do not want to deal with them. Of those interviewed, 100 [...]
0 Comment
Mortgage

Average house price tops £250k as interest rate rises loom

The average price of purchasing a home rose by 0.7% in October taking the average price of a property past the £250,000 mark for the first time ever, according to the latest house price figures from Nationwide. The average price of a property stood at £250,311 in October with prices up by 9.9% when compared [...]
0 Comment
Mortgage

Warning that mortgage costs could rise 13% by 2023

Homeowners are being told to prepare for a 13% increase in their mortgage interest costs by 2023 as rates are forecast to rise to rein back inflation. Expectations for rising mortgage interest costs predicted by the Office for Budget Responsibility (OBR) were buried in the Budget documents. They show that the OBR expects mortgage interest [...]
0 Comment
Mortgage

Mortgage Advice You Can Depend on

0 Comment

Ready to get started ?

Speak to a specialist at (0153 635 7806)

Request Call Back info@lilacfinancial.co.uk

Contact Address

22, Eismann Way, Corby, Northants,
NN17 5ZB

01536 357806

info@lilacfinancial.co.uk

View Our Location

Useful Links

Company

Subscribe for News & Updates

Subscribe to our newsletter to get the latest
updates of quanto.

Lilac Financial Limited is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

Approved by The Openwork Partnership on 18/10/2023

Registered Office Address: 22 Corby Business Centre, Eismann Way, Corby, Northamptonshire, NN17 5ZB. Registered In England 12930063

The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.

Copyright © 2023 Lilac Financial Ltd. | Design & Development by TrumpCode