Blog

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

 
Forming Money Habits – Talk To Your Kids

Forming Money Habits – Talk To Your Kids

The effect of the pandemic on children is immeasurable, the regular routine of school life, hobbies and celebrations evaporated overnight. One survey asked children what made them feel stressed during lockdown and discovered money worries featured high up the list,...

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Get paid To Go Green As Grant Extended

Get paid To Go Green As Grant Extended

The Green Homes Grant, which allows homeowners in England to claim vouchers of up to £5,000 to pay for energy-saving home improvements, has been extended. Homeowners will now have until 31 March 2022 to complete energy efficient upgrades to their home, rather than the...

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Home Contents Value Rises At Christmas

Home Contents Value Rises At Christmas

With UK shoppers expected to have spent an average of £346 on Christmas gifts over the festive period, now’s the time to check whether your home insurance still adequately protects you. Expensive presents for the kids, electronic items and high cost jewellery, for...

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Life Cover Costs – It Pays To Be Young

Life Cover Costs – It Pays To Be Young

The traditional life stages, such as owning a home and having a family, are now being reached much later than previous generations. With property prices high, student loans and an uncertain job market, the younger generation often find themselves postponing big...

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Older Borrower? What Are Your Options?

Older Borrower? What Are Your Options?

Although there is no maximum age for applying for a mortgage, each lender will have their own limits such as a maximum age at which you can take out a mortgage and a maximum age for when the mortgage term ends. If you are about to retire or have retired, your lender...

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Protect Your Income As Well As Your Life

Protect Your Income As Well As Your Life

The pandemic has clearly highlighted the impact that unexpected events can have on our lives. Not just through loss of life but impacting people’s incomes. Although you might have sufficient funds for the short term, longer-term, you could struggle to meet household...

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Understanding The Value Of Life Insurance

Understanding The Value Of Life Insurance

Last year, during the initial height of the pandemic, insurers received 7,000 life insurance claims and paid out £90m to support families of those who had sadly lost their lives to the virus, representing total claims of £980,000 settled every day. Data from the...

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Why It Pays To Buy Critical Illness Cover

Why It Pays To Buy Critical Illness Cover

Critical illness cover pays out a lump sum if you are diagnosed with a condition or illness listed on the policy. Policies typically cover between 10 and 100 different conditions or illnesses, with the average policy covering around 40. Conditions can include kidney...

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First-Time Buyers Affordability Gap Narrows

First-Time Buyers Affordability Gap Narrows

Reported data from the latest MBT Affordability Index has revealed that the ‘affordability gap’ – the difference between the loan amount requested and the loan offered – dropped to a record low of 15% in November last year. This gap, where no lender is able to meet...

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Get Your Life Insurance In Order This Year

Get Your Life Insurance In Order This Year

Life insurance may not be a topic many of us want to think about, but it offers valuable financial support to your family or other dependants should you no longer be around to provide for them. The pandemic has shown, no one knows what’s around the corner and having...

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Over Half Think Protection Is ‘Unimportant’

Over Half Think Protection Is ‘Unimportant’

Income protection provides a financial safety net in the event you are unable to work due to an accident or illness. Yet it has been reported that over half of people do not think income protection is important and a further 12% don’t understand its value. This is...

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Navigating The Mortgage Maze

Navigating The Mortgage Maze

Navigating your way through the mortgage maze is not easy. That’s why we’re here to help you. We understand which deals you are most likely to be accepted for and can help you to find the right mortgage for your circumstances.  How much equity do you have? If you’re a...

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Your 2021 Protection Check-Up

Your 2021 Protection Check-Up

The start of a new year provides the perfect opportunity to assess whether you have the right level of financial protection in place to cover you in the event of a crisis.  Regularly reviewing the amount of protection you have is particularly important if anything has...

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2021 And The Property Market

2021 And The Property Market

Homebuyers breathed a sigh of relief in January as the property market remained open during lockdown, with hundreds of thousands of transactions rushing to complete by 31 March. On this day, the Stamp Duty tax break, which cuts Stamp Duty to 0% on properties under...

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Brexit And The Property Market

Brexit And The Property Market

On 31 December, the UK formally severed its ties with the EU and a new era for the country dawned. But what effect will Brexit have on the property market – and your mortgage? In November 2018, Bank of England (BoE)’s November Financial Stability Report predicted, in...

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Positive News For The Equity Release Market

Positive News For The Equity Release Market

After a significant fall in activity during the first lockdown last spring, more positive news came later in 2020 for the equity release market. According to data from the Equity Release Council (ERC), in Q3, £963m was released by new and returning customers. Although...

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Don’t Cancel Your Insurance Policies

Don’t Cancel Your Insurance Policies

Coronavirus restrictions are once again tightening the nation’s purse strings, with job losses and reduced income continuing to impact millions. According to Premium Credit’s latest Insurance Index, nearly one in five (19%) UK consumers have either cancelled or cut...

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The Protection Insurance Expectation Gap

The Protection Insurance Expectation Gap

In December, the Chartered Insurance Institute (CII) released a guide for insurers on closing the ‘protection expectation gap’ – the gap between what an insurance policy covers, and what consumers expect. The guide urges insurers to ensure customers know exactly what...

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Bank of Mum And Dad Keep Helping Out

Bank of Mum And Dad Keep Helping Out

The Bank of Mum and Dad (BoMaD) continues to lend a hand, forking out an average of £19,000 to help first-time buyers (aged under 35) onto the property ladder. BoMaD continues to occupy a major role in the property market, with 56% of buyers under the age of 35...

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Return Of High LTV Mortgages Sparks Hope

Return Of High LTV Mortgages Sparks Hope

First-time buyers have had a rough deal during the pandemic – first as mortgage deals for buyers with smaller deposits all but disappeared from the market, and later as surging buyer demand pushed up property prices. Now, however, first-time buyers can see the first...

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90% Loan To Value Mortgages Return – Pros and Cons

90% Loan To Value Mortgages Return – Pros and Cons

After mortgages for first-time buyers all but disappeared during the early months of the pandemic last year, 90% loan to value (LTV) mortgages are making a comeback. There are reported to be over 190 products currently available. The Pros This means that the market...

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Property Market Surprisingly Resilient

Property Market Surprisingly Resilient

Thousands of aspiring homebuyers flooded the property market when it reopened last May, as pent-up demand, combined with new enquiries from buyers reassessing their property needs during Lockdown 1.0, created a surge in demand. This was further intensified by the...

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Prioritise Your Wellbeing In 2021

Prioritise Your Wellbeing In 2021

Despite a gloomy start to the year, there is cause to believe the situation will improve as we progress through 2021. With the vaccine rollout across the UK now fully underway, the hope is that those in the most vulnerable groups expect to be vaccinated by...

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How Do I Get The Protection I Need?

How Do I Get The Protection I Need?

The coronavirus pandemic has highlighted just how financially vulnerable many of us are, as well as how important it is to have the right financial protection in place in the event of a crisis. If this year has taught us anything, it’s that the unexpected can happen...

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How Do I Check If I’m Mortgage Ready?

How Do I Check If I’m Mortgage Ready?

Whether you’re looking to take your first step onto the property ladder, or you need to remortgage, it’s important to ensure your finances are in good shape ahead of making your application.  Before deciding whether to offer you a mortgage and at what rate of...

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Cohabiting? Get Protected

Cohabiting? Get Protected

In the decade from 2008 to 2018, the number of cohabiting couples in Great Britain increased by 25.8%. Meanwhile, marriage rates for opposite-sex couples hit a record low in 2017, according to ONS data.  More people are deciding to live together and often have...

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Your Coffee Or Your Life? Get Covered!

Your Coffee Or Your Life? Get Covered!

According to recent data, the average UK household spends more on the nation’s favourite beverages than they would to protect their family if they bought a life insurance policy.  The ONS Family Spending survey 2018-19 shows that households spend an average of £6.50 a...

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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 £799.

” 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

Get in contact

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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.