Blog

Keep up to date with the latest mortgage news on Gareth’s blog.

 

House price growth slowing

House price growth slowing

The average house price in September rose 9.5% year-on-year, a slight dip from the sky-high figures in July and August. This is the first time annual house price growth has been in single digits since October 2021. The average house price is now £272,259. In another...

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Mortgage blues? What to do?

Mortgage blues? What to do?

Mortgages became headline news in October – and not a headline many people wanted to read. Despite the doom and gloom of the current mortgage market, it is still possible to make a positive decision. Rates rise The political turmoil recently initially sent interest...

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Forever home in Sandbanks

Forever home in Sandbanks

Mr & Mrs M came to us looking for funding on their 'forever home.' They'd had an offer accepted on a beautiful, modern home near Sandbanks in Poole. They were looking for a cost-effective way of securing finance on the property, whilst also having a...

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Equity Release in Dorset

Equity Release in Dorset

Mrs G & Mrs K had lived in their home for many years. Having now both retired they had looked at downsizing to a more manageable property, freeing up some money in the process to allow them to enjoy retirement. However, their property search was in vain and they...

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Saving money in Wiltshire

Saving money in Wiltshire

Mr and Mrs B are existing clients of ours looking to move from their home in Surrey to a larger home in Wiltshire. Their current mortgage had a fantastic fixed rate of 1.42% which they didn't want to lose, especially given the recent market increases we have seen. We...

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Mortgage using Pension income in Ascot

Mortgage using Pension income in Ascot

Mr A was coming to the end of his interest-only mortgage term with Lloyds. His original plan was to sell the property at this point and downsize in order to clear the borrowing. However, plans change and he now wanted to remain in the home for the foreseeable future....

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Equity Release in Dorchester

Equity Release in Dorchester

Along with her two siblings, Mrs B had inherited a share in her late Mother's property. Mrs B lives in the home with her husband, and wanted to explore the possibility of buying the siblings out from the home so she and her husband could continue to live in the...

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First Time Buyers in Southampton

First Time Buyers in Southampton

We recently helped Mr and Mrs P buy their first home together. We have helped Mr P’s parents with their mortgage needs for over a decade, and it was great to then help the family further.  After graduating from University they had been saving hard towards both...

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Home-movers in Hamble

Home-movers in Hamble

Mr and Mrs S recently came to us asking for advice in finding a competitive mortgage.  Due to a Default on a credit file they were worried that they wouldn’t be able to obtain a competitive mortgage rate for their next home.  After a thorough review with us...

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Are you protected from canine chaos?

Are you protected from canine chaos?

If you have a dog, you’ll know that they can be cute, loving… and a whole heap of trouble! Aviva1 recently backed this up when it revealed some of the company’s more noteworthy pet-related claims.   From the pooch who turned on a tap and flooded his owners’...

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Save by living just outside hotspots

Save by living just outside hotspots

By choosing to live just outside highly sought-after locations, analysis has shown that homebuyers could benefit from savings of up to 55%1, without forsaking their preferred location. Average savings come in at around 34% when locating five or ten minutes from a...

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The money taboo – it’s good to talk it out

The money taboo – it’s good to talk it out

Are you worried about your finances? If so, you’re certainly not alone. According to a recent survey, 90% of households are worried about rising prices1. Financial worries can cause a great deal of stress and anxiety. In fact, nearly one in five people say they have...

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Wellbeing benefits of income protection

Wellbeing benefits of income protection

Income protection insurance can be a cost-effective way of protecting yourself financially if you are unable to work due to illness or injury.    What many people don’t realise is that taking out an income protection policy can have benefits beyond the financial....

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Plan to avoid home buying stress

Plan to avoid home buying stress

Job interview, driving test, family life… the list of life’s stresses is, unfortunately, long and varied. New research has revealed, however, that buying a home comes out on top.   Can’t Buy Me Stress 37% of recent UK homebuyers said that buying a house was one...

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Seeing protection in a new light

Seeing protection in a new light

Nobody wants to think something bad happening to them. Perhaps it’s why so many people shy away from protection insurance – after all, it’s all too easy to think ‘it’ll never happen to me’.   Unfortunately, ‘it’ can and does happen, whether ‘it’ be injury,...

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Back to normal? Property update 

Back to normal? Property update 

 Amid the backdrop of war in Ukraine and the spiralling cost of living, unpredictability is at the forefront of many people’s lives right now. The outlook for the housing and mortgage markets is no less uncertain.   Taking a step back, however, it is possible to...

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MORTGAGE LENDING CONTINUES TO SOAR

MORTGAGE LENDING CONTINUES TO SOAR

Mortgage lending has soared to record levels, according to latest data from the Bank of England1, which reveals that gross advances in Q1 totalled £83.3bn, which represents a 26.5% increase on the same quarter in 2020 and the highest level since Q4 2007. Impact of the...

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MAJOR BARRIER TO PROPERTY PURCHASE

MAJOR BARRIER TO PROPERTY PURCHASE

Saving for a deposit has been cited as a major barrier to purchasing a home by 59% of people, according to the latest survey from the Building Societies Association (BSA)1.   Climbing from 54% in December last year and just 40% last June, raising a deposit is...

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DO YOU KNOW YOUR HOMES TRUE WORTH?

DO YOU KNOW YOUR HOMES TRUE WORTH?

Do you think you know how much your home is really worth? Would you be surprised if it was worth much more or much less?   Many homeowners’ estimates don’t live up to reality, with 45% of respondents to a recent survey1 undervaluing their property and 25%...

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Your guide to home insurance

Your guide to home insurance

Engaging with your home insurance requirements can be challenging but running the risk of not tuning in and getting the most suitable cover - and the right level of cover - could be financially devastating if an unwelcome event were to occur.  Although home insurance...

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Put off by protection jargon?

Put off by protection jargon?

Many people find that the language of protection insurance isn’t particularly user-friendly, with confusing terminology often becoming a barrier to finding the right insurance. We believe that nobody should be prevented from protecting themselves and their loved ones...

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How does income protection work?

How does income protection work?

Income protection insurance refers to a group of insurance products that help you out financially, if you lose your income due to injury or illness. The COVID-19 pandemic has greatly increased awareness of the importance of having a safety net to fall back on in times...

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Protection and the gender paradox

Protection and the gender paradox

Despite a better understanding of the limitations of state health and welfare support than men, women are less likely to engage with group protection benefits. Its a phenomenon that Legal & General1 have termed the ‘gender paradox’. Despite knowing that state...

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A major barrier to property purchase

A major barrier to property purchase

Saving for a deposit has been cited as a major barrier to purchasing a home by 59% of people, according to the latest survey from the Building Societies Association (BSA)1. Climbing from 54% in December last year and just 40% last June, raising a deposit is currently...

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Insurance isn’t always this expensive!

Insurance isn’t always this expensive!

There's a widespread belief that insurance is extremely expensive – but it doesn’t have to be.  Perhaps the myth comes from the fact that many celebrities have insured parts of their body for astronomical sums? For example:  Julia Roberts’s smile is reportedly insured...

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Do you know your home’s true worth?

Do you know your home’s true worth?

Do you think you know how much your home is really worth? Would you be surprised if it was worth much more or much less?    Many homeowners’ estimates don’t live up to reality, with 45% of respondents to a recent survey1 undervaluing their property and 25%...

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Do I need to insure my insurance?

Do I need to insure my insurance?

Each year, we spend thousands on insurance, from our health and homes to our holidays, pets and cars. What would happen to that money spent on safeguarding if the insurer were to fail? For peace of mind, the Financial Service Compensation Scheme (FSCS) advises three...

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

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £999.

” Can I say thank you to Gareth for helping me sort out my remortgage he was a great help.
And can I say Kelly you did a great job as I’m alway away or working but you helped me kept me informed and chased me for paperwork. Good team”

Gerry Fitzgerald – Google Review

As first time buyers we had no idea about mortgages and would have just gone with our bank had it not been for South Coast Mortgages. They made it so easy to understand and got us the best deal.

Antonia M – Google Review

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Providing helpful and friendly mortgage advice in Southampton

59 The Avenue, Southampton SO17 1XS

02380 224 925

info@southcoastmortgages.com

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.