Blog

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

 

Sandbanks dream home

Sandbanks dream home

This month we were pleased to help clients buy their dream home in beautiful Sandbanks. With one eye on retirement they wanted to live in style, and we were able to use their company profits in order to maximise their mortgage borrowing potential. This enabled them to...

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Equity Release for home improvements in Redditch

Equity Release for home improvements in Redditch

We were so pleased to receive a mortgage offer for an equity release client this month.  She came to us asking for help in obtaining funds because her boiler had packed in, leaving her with no hot water or heating in the middle of winter. Not ideal for anyone, let...

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Rental market boom likely

Rental market boom likely

Historically, a decline in property sales has also led to a boost in private rental market stock. This is based on research1 looking at both sales and rental markets during the 2008-09 financial crisis and recent pandemic downturn. In 2008 property sales volumes...

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Equity Release in Southampton

Equity Release in Southampton

We recently helped a 65 year old client in Southampton release equity from his home. Retired and with little savings, he found himself needing to access capital to help fund a recent separation, along with needing funds to by a new car, renovate the home, and then...

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Green mortgages still causing confusion

Green mortgages still causing confusion

A recent survey1 has shown that four in five people have no understanding of green mortgages.  The terms of each individual deal differ, but typically lenders offer enhanced mortgage deals, for example lower interest rates or cashback, to qualifying homes....

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Renting? Don’t forget income protection

Renting? Don’t forget income protection

There is a natural connection between protection and homeowners, but new research suggests that renters could in fact gain more from the benefits of cover. Rent rise The number of households renting privately in the UK rose by 63% in the decade to 20171, reaching an...

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First-time buyers nearing forty 

First-time buyers nearing forty 

The average prospective buyer predicts they will be 37 years old by the time they finally step on the property ladder, up from 32 years old only two years ago. The survey by First Direct also found that 86% of prospective first-time buyers considered the...

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Navigating the UK Equity Release market: What to consider.

Navigating the UK Equity Release market: What to consider.

Navigating the UK equity release market can be daunting, as there are a variety of different products and providers to choose from. However, with a bit of research and understanding of what to consider, you can make an informed decision that will suit your needs. One...

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Be ready to buy in four steps

Be ready to buy in four steps

The home-buying process can be complex for the first-time buyer (FTB). So much so that finding the right home can start to seem like the least of your concerns! Here are some top tips to prepare financially before you kick off your search: Know what you need. Before...

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Equity Release for the everyday?

Equity Release for the everyday?

In difficult financial conditions, many people are looking to make savings. For those fortunate enough to own their own home, that could mean releasing equity from your home. In the first half of 2022, 19.6% of equity release plans were taken out to cover everyday...

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Will house prices fall in 2023?

Will house prices fall in 2023?

House prices are widely predicted to fall next year, with drops of around 5% anticipated1. As mortgage rates rise, dampening demand and supply increases mean that prices are projected to fall. Buyer demand has dropped by a third since the September ‘mini-budget’ when...

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First Time Buyer tips to boost your credit score

First Time Buyer tips to boost your credit score

First Time Buyers (FTBs) face many external challenges when trying to get on the housing ladder. House prices, mortgage rates and property availability are not within most FTBs’ control. Yet something you can have an impact on is your credit score. Give your score a...

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Don’t cancel your cover in haste.

Don’t cancel your cover in haste.

Inflation hit new heights in October, with a rise of 11.1% year-on-year1, driven mostly by essentials such as food and fuel. As the increasing cost of living continues to impact on people’s lives, it is more important than ever to remember another financial essential...

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Autumn Statement Update

Autumn Statement Update

Housing was not at the forefront of Chancellor Jeremy Hunt’s Autumn Statement, delivered on 17 November, though a few significant announcements were made in relation to Stamp Duty and social rents. For those looking to buy, the latest fiscal event provided...

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Longer wait to get keys

Longer wait to get keys

It now takes five months, on average, to complete the process of buying a house1, a rise of nearly a quarter since 2019. In the last six months, the average time taken to complete the home buying process stands at 153 days, up from the 124 days recorded in 2019....

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Everybody’s talking about rates

Everybody’s talking about rates

Why are rising interest rates bad news for mortgage holders? And what role does inflation play in pushing repayments higher? Inflationary effect The pace of inflation has been well ahead of the Bank of England’s (BoE’s) target of 2% throughout 2022. In September, the...

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Concern as consumers cut back on cover

Concern as consumers cut back on cover

Fewer than one in four people has a life insurance policy that would support their family in the event of their death, a new study1 has found. As the cost-of-living burden worsens, experts fear that the protection gap could continue to widen. Indeed, a tenth of...

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Stamp Duty savings for homebuyers

Stamp Duty savings for homebuyers

In September, the government announced a permanent Stamp Duty cut in England and Northern Ireland, which means no tax will be paid on the purchase of properties up to £250,000. Although most of the policies from the ‘mini-budget’ have since been scrapped, this one has...

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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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(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

Get in contact

Flexible appointments

 

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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

 

We charge a fee for arranging and advising you on your mortgage. The fee will be dependent on your circumstances but will not exceed £599. (Our typical fee is £349.)

 

For Lifetime Mortgages/Equity Release the fee will be £799. A lifetime mortgage is a long-term commitment, secured against your home. It may accumulate interest and reduce the value of your estate.

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