Moneysprite Mortgage & Protection News - Spring 2018
21st February 2018
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For 2018, house prices are predicted to deliver a modest growth of 1% across the UK - so some regions may see a fall this year.*  We’ve also had to contend with the first rise in a decade in the Bank of England’s Bank Rate.**  It’s not a massive jump, but it does signal the likely direction we’re going in.  That said, you may still be pleasantly surprised by some of the deals on offer.  Additionally, we’ve seen Stamp Duty either scrapped, or reduced, for the vast majority of first-time buyers.

In this issue, we consider this and the various borrowing scenarios that you may face, which might prompt you to assess your requirements.  As part of that process, we will help navigate you through the massive array of lenders, product choices and affordability criteria, and, hopefully, protect your credit rating in the process.

Elsewhere, aside from resolving any borrowing needs, do also consider the peace of mind brought about by having suitable protection cover in place, should the unexpected occur.

The Buy-to-Let landlord may, understandably, feel somewhat unloved at the moment, with tax concerns and even more rules to contend with (the Portfolio Landlord initiative is the latest development).  We set out how we can help with regard to deals on offer, and a hand holding role for the increased paperwork.

First-Time Buyers are possibly accounting for almost half of all house purchases financed by a mortgage.***  We look at some of the key drivers for this sector and where we can help.

Finally, a Relevant Life Plan is a ‘death-in-service’ policy that offers a different type of life cover, and is something for both employers and employees to consider, as it can be tax-efficient, and is more flexible than a registered group scheme.

I hope you find the issue of interest and, once you’ve had a chance to look through, do pass it onto friends, relatives or work colleagues, if you think it may be relevant to them too - or we can send them their own copy.

*Nationwide, December 2017; **Bank of England, November 2017; ***Halifax, July 2017.

You may have to pay an early repayment charge to your existing lender if you remortgage.

As with all insurance policies, terms, conditions and exclusions will apply.

Your (home/property) may be repossessed if you do not keep up repayments on your mortgage.

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About the Author

Andy F

Member since: 19th April 2017

As the director of Moneysprite Sussex and Homesprite, I am passionate about all things property related.

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