In 2025, there is a massive remortgage opportunity. We recommend speaking to a broker six months out to see how you can get organised before your fixed-rate mortgage comes to an end.
Are you one of the 1.8 million mortgage borrowers coming to the end of their fixed-rate mortgages over the next twelve months? Whether you’ve been on a two-year or five-year fixed-rate deal, things might look very different financially, as we’ve had a lot of change!
Whether you are looking at lower repayments (after a two-year fixed rate) or higher payments (after a five-year fixed rate), get in touch as soon as possible so we can spend some time finding the best deal for you before your current contract ends.
As the Bank Base Rate starts to fall, affordability gradually improves with more opportunities for borrowers to save money by switching lenders. For example, those coming off higher rates may maintain the same monthly payments while reducing their mortgage term. Saving thousands in future interest payments. Or you might be able to lower your monthly payments but use some of the newly available funds to pay for more protection, start saving into an ISA, or pay more into a pension.
Mortgage rates dropped in 2024, with two cuts in the Bank of England base rate helping to make borrowing somewhat more affordable. However, rates remain much higher than a few years ago. The average rate on a two-year fix fell from 5.93% to 5.62% throughout 2024. Borrowers may see more drops in the new year. The base rate, currently 4.75%, is projected to fall to around 4% by the end of 2025. Resulting in the cheapest two-year fixes, falling from the current rate of 4.2% to around 3.5%.
Recent Bank of England data shows that more than four million people will need to remortgage to a higher rate by the end of 2027. Chatting with a mortgage broker can help assess your options to ensure you get the best deal when remortgaging. If you're struggling to pay your mortgage, contact your lender as soon as possible to discuss what support is available.
Chat with us to see how we can help you remortgage in 2025!
Whether you are looking to purchase a new home to move into or purchase a property for a family member, we can explore your equity release options to see if it’s affordable for you.
Did you know you could release equity to buy another property? Contact us via email or phone to get started, and we’ll start the process. Let’s dive into what’s involved!
What mortgage type will be best for you to release equity to buy another house will depend on how much income you have, what you are looking to do with the new home, your credit score, how much equity you have, how much equity you are looking to release, and the purchase price of the new property.
There are two options:
We are going to focus on option 2 in this article. For various reasons, many of our later-life customers look to release equity to buy another house. These are mainly:
How much equity you can release from your house will depend on several factors. These may include your age or your partner’s age if it’s a joint application, your property’s value and construction, plus your health and lifestyle and your credit history.
If you are a buy-to-let investor looking to expand your portfolio, you’ll need a buy-to-let mortgage, or if you’re looking to rent your current home to buy a new one, this is called a let-to-buy mortgage transaction.
Our later-life lending team will listen to your requirements and recommend the best way forward. Traditional and RIO mortgages should be considered and discounted before an equity release plan is recommended due to the costs involved.
Speak to an advisor – it’s free!
Schedule a free callback from one of our experts today for transparent and honest mortgage advice. We’ll search 1000s of purchase and remortgage deals for you!
Our team are on hand to help for personal advice.
Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and now all you need to do is move in? Don’t forget insurance as the last step! We are here to help — call us today to get all your insurance in order before you commit to buy.
When buying a home, you may need several types of insurance or want to consider. We will give you a quick runthrough of what you might need. But reply to this email for more details. Let’s jump in!
- Buildings Insurance (Mandatory for Mortgages)
What it covers: Protects the structure of your home (walls, roof, floors) and permanent fixtures (kitchen, bathroom) from risks such as fire, flooding, or subsidence.
When you need it: If you're using a mortgage to buy the property, your lender will require you to have building insurance in place from the date you exchange contracts.
- Contents Insurance (Optional but Recommended)
What it covers: Protects your personal belongings (furniture, electronics, clothing) against risks like theft, fire, or water damage.
When to consider: Useful once you've moved in to protect your possessions.
- Life Insurance (Optional but Common)
What it covers: Ensures your mortgage will be paid off if you pass away.
When to consider: Often recommended for homeowners with dependents or joint mortgages to provide financial security for loved ones.
- Mortgage Payment Protection Insurance (MPPI) (Optional)
What it covers: This helps cover your mortgage payments if you lose income due to illness, accident, or redundancy.
When to consider: Worth evaluating based on your job security and savings.
- Income Protection Insurance (Optional)
What it covers: Provides a percentage of your income if you're unable to work due to illness or injury.
When to consider: A broader option compared to MPPI, as it can cover all living expenses, not just the mortgage.
- Critical Illness Cover (Optional)
What it covers: Provides a lump sum if you're diagnosed with a serious illness, which can help pay off the mortgage or cover other expenses.
When to consider: Often sold with life insurance but can be standalone.
Would you like help finding providers or understanding costs? Hit ‘reply-to’ or give us a call for more details!
When you buy a new home, you're often making one of the largest financial commitments of your life. At this exciting time, let us look after the details for income protection. We’ll get your policy in place to look after you when you need it most.
Life insurance can provide peace of mind by ensuring your family won’t have to worry about making mortgage payments if you pass away. A mortgage protection life insurance policy or a term life insurance policy can be designed to cover the cost of the home loan, allowing your spouse or children to remain in the home without financial strain.
Example: If you’ve recently bought a house with a 30-year mortgage, a term life policy for the same duration (e.g., 30 years) can ensure that the mortgage balance is paid off in the event of your death, preventing your family from having to sell the home or struggle with monthly payments.
Life insurance provides a financial safety net for your home and other life goals like your children's education or retirement savings. If you pass away unexpectedly, your life insurance payout can help cover these expenses, ensuring your family doesn’t have to dip into savings or sell the house to stay financially afloat.
Additionally, owning a home involves ongoing costs beyond the mortgage. If you pass away, your family might struggle with these additional expenses. Life Insurance can provide financial support for these ongoing living expenses. Likewise, the payout can cover taxes, debts, or maintenance costs, making it easier for beneficiaries to inherit the home without selling it.
Finally, buying a new house is one of the best times to purchase life insurance. You’re likely to have a clearer understanding of your financial obligations.
If you’re buying a new home, it’s an excellent time to consider how life insurance fits into your overall financial picture. By pairing your home purchase with an appropriate life insurance policy, you’re taking a crucial step toward safeguarding your family’s home, well-being, and future. Let us take the hassle out of life insurance.
Contact us today for a detailed quote and how it can work for your family and budget.
Buying a new home is an exciting milestone but also a significant financial commitment. While health insurance may not seem directly related, it plays a crucial role in safeguarding your finances and supporting your ability to maintain your home. AKA, if you look after yourself, you can look after all the rest of life. Here’s why health insurance and buying a new home go hand in hand:
1. Peace of mind for long-term planning. Homeownership is a long-term investment, and maintaining your health is essential to enjoying it. Health insurance ensures access to regular check-ups, preventive care, and treatments that keep you healthy and able to work or support your household.
2. Integration with Critical Illness or Income Protection Insurance. Many homebuyers consider additional coverage, such as critical illness or income protection insurance, which often tie into health-related scenarios. These policies provide financial support if you’re unable to work due to a health condition, ensuring mortgage payments can still be met.
3. It can offer stress reduction during a major life transition. Buying a home is a stressful process, and health issues can add another layer of anxiety. Health insurance minimises the burden of medical worries, knowing you have the best care available. Allowing you to focus on settling into your new home.
Tips for Aligning Health Insurance with Homeownership
- Review Your Policy: Ensure your health insurance plan provides the coverage you and your family need. Especially if moving to a new area with different healthcare providers or facilities. But take note of the details. For example, you won’t need pregnancy coverage if you already have your family.
- Bundle Coverage: For a holistic financial safety net, consider combining health insurance with other protection policies, like life or income protection.
- Plan for Emergencies: Create a budget that includes health insurance premiums alongside your mortgage and other homeownership costs. You can build this into your monthly payments so it’s set and forget!
Health insurance can act as a safety net to ensure your health doesn’t affect you day-to-day. Would you like advice on choosing health insurance or integrating it with other financial plans? Chat with us today for a bespoke plan catered directly to your needs.
Here are some top tips to prepare your house for sale this spring:
Firstly, let’s ask, how does your house look from the street? First impressions are so important when it comes to selling your home. Does the garden need work? The hedges trimmed? Or grass mowed? Either pull out your gardening gloves or call in some help. This is a big one that helps enhance the value of your home. Perhaps you could add a colourful garden (set to bloom in time for spring!).
We also recommend cleaning up the driveway, porch, and walkways around the property. And finally, have you considered painting or refreshing your front door, fences, and updating house numbers? Timeless appeal always sells, but a bit of complementary style goes a long way. Check Pinterest for easy ideas.
Step two… this is a big one, so don’t forget! Declutter and depersonalise! Remove excess items and store personal belongings so future buyers can imagine living in your home. Organise closets and storage spaces to make them look spacious. And if you’ve been bold with colours or flair, consider painting or minimising to appeal to a broader audience.
Are you ready for this one? If you are putting your house on the market this spring, it’s time for a deep clean! Here’s a checklist to get you started:
- Clean carpets, windows, and hard-to-reach places.
- Polish fixtures and appliances.
- Ensure bathrooms and kitchens are spotless.
While you are at the cleaning jobs, it’s also a good time to take stock of the repairs needed. Fix any minor issues like leaky faucets, squeaky doors, or chipped paint. Replace burnt-out light bulbs. And if you think it is needed, consider small updates. Like new cabinet hardware or modern light fixtures. But often, new buyers will be happy to put their own stamp on the home, so don’t worry too much.
Once your house is decluttered, cleaned, and repaired, look at how your furniture sits in the space. Stage strategically and arrange furniture to make rooms feel open and inviting. You could add cosy touches like fresh flowers, throw pillows, and neutral art. Remember to highlight your home's best features, such as a fireplace or large windows. And always let the light in by opening blinds and curtains to highlight your freshly cleaned windows. Add a warm lamp if you have any dark zones without natural light.
Finally! Take great photos. Now is not a time for iPhone photos! Use a professional photographer for your listing and ensure rooms are tidy, well-lit, and styled for photos.
Are you getting ready to sell soon? Let us know if you'd like help with anything specific!
