Category Archives: First Time Buyers

som mortgage holiday extension

Re-mortgaging and the extension of payment holidays

Towards the end of May the Treasury confirmed that mortgage payment holidays could be extended for a further three months. (1)  Christopher Woolard, interim chief executive at the FCA, said: “The measures we have confirmed today will mean anyone who needs to can get help from their lender, if they are still struggling to pay […]

Morgage Covid advice

Specialist Mortgage Advice and Covid-19

As the lockdown period caused by the Covid 19 continues the mortgage and housing market continues to be hard hit. Forbes reported that the “property portal Zoopla has suggested that around 373,000 property purchases, worth an estimated £82 billion, are on hold because of coronavirus. It expects completed sales in 2020 to be half those […]


FCA advice to lenders for Coronavirus

In the wake of the Coronavirius Covid 19 outbreak the Financial Conduct Authority (FCA) published advice for lenders operating in the current climate. This was designed to ensure that customers remain supported and protected and that those working on mortgage provision were clear about what the FCA expected of them. One of the main areas […]

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Decoding your finances – Why being on SVR is bad for your mortgage

Typically, people re-mortgage in order to take advantage of better rates when they reach the end of a fixed-rate mortgage term, which typically lasts between two and five years. If the fixed rate period ends without them putting a new plan in place they will usually be moved to a Standard Variable Rate (SVR), which […]