Blog

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

 
Income Protection In A Post-COVID World

Income Protection In A Post-COVID World

The growing unease about the economic fallout of COVID-19 has led to many people reviewing their finances and considering their options if they were suddenly unable to work. If the pandemic has taught us anything, it’s that life can change in a blink of an eye and...

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Keep Up Your Financial Fitness

Keep Up Your Financial Fitness

Unfortunately, the pandemic has highlighted how fragile many people’s finances really are. To keep financially fit, it’s important to regularly review your finances. If you’re near the end of a mortgage deal or are on your lender’s Standard Variable Rate, look for a...

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Life Insurance – Where Did It All Begin?

Life Insurance – Where Did It All Begin?

Protecting your family with a life insurance policy is commonplace in the 21st century. But where did the concept come from? The earliest example of life insurance dates back to Roman times, when a military leader named Caius Marcus formed a ‘burial club’ with his...

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Mortgage Market – A Strong Recovery

Mortgage Market – A Strong Recovery

As the full impact of the coronavirus pandemic began to be felt in the spring, activity in the mortgage market rapidly declined and predictions of economic disaster, rising unemployment and a deep property market slump were rife. However, as lockdown restrictions...

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Where Now For The Global Economy?

Where Now For The Global Economy?

The global economic outlook is “less dire” than it was earlier this year, but recovery will be “long, uneven and uncertain”, according to Head of the International Monetary Fund (IMF), Katalina Georgieva. Her comments follow the release of Q2 economic data in summer,...

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Is Cashless Society Inevitable?

Is Cashless Society Inevitable?

With retailers and eateries increasingly refusing to accept coins and banknotes in the fight against coronavirus, has 2020 finally sounded the death knell for cash? The pandemic is just the latest event to have contributed to the decline of cash in recent years. The...

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Equity Release Now Funding Every Day Life

Equity Release Now Funding Every Day Life

The holiday of a lifetime, paying off a mortgage, a new car… Before lockdown, equity release was often used to fund ‘once in a lifetime’ experiences. Now, evidence suggests that customers are using equity release for different reasons. Requests for loans to fund...

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Titanic Payouts After 1912 Disaster

Titanic Payouts After 1912 Disaster

According to news sources, a total of $3,464,111 was paid out to grieving families after the ‘unsinkable’ Titanic hit an iceberg in 1912. The beneficiaries of businessman John B. Thayer were awarded a $120,000 accident insurance payout (around $3.2m today), while his...

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Act Now To Save On Stamp Duty

Act Now To Save On Stamp Duty

If you’re looking to buy a home, there’s still time to take advantage of the government’s Stamp Duty holiday. Thanks to the tax break, which runs until 31 March 2021, the threshold at which Stamp Duty becomes payable has been raised to £500,000 from £125,000. Rise In...

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Could You Save Money On Your Mortgage?

Could You Save Money On Your Mortgage?

Recent estimates suggest that as many as one million borrowers will have lapsed onto their lender’s expensive default mortgage rate by the end of 2020. It pays to make sure you are on the most competitive deal for your circumstances. When a tracker, fixed rate, or...

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How Can I Help To Get My Family Onto The Property Ladder?

How Can I Help To Get My Family Onto The Property Ladder?

With the pandemic continuing to impact people financially, it seems the Bank of Granny and Grandad are lending a hand. After all, it’s only natural to want to help your loved ones. With the pandemic continuing to impact people financially, it seems the Bank of Granny...

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Mortgage Approvals Hit 13 Year High

Mortgage Approvals Hit 13 Year High

In August, mortgage approvals soared to 84,700, a sharp increase on July’s figure of 66,300 and the highest monthly figure since October 2007. This surge in approvals can been attributed to several factors, including record low interest rates and the government’s...

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Stamp Duty Savings – A Reminder

Stamp Duty Savings – A Reminder

It’s not too late to take advantage of the government’s Stamp Duty holiday tax break, which is due to end on 31 March 2021.   Currently, the threshold at which no tax is paid on property purchases is £500,000, up from £125,000 – meaning that until the end of...

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Here to meet your challenges head on.

Here to meet your challenges head on.

We all have times in our life where we need some extra help and guidance. Whether you’re looking to take out a mortgage or searching for protection cover, its likely you’ll be more nervous than usual about making financial decisions in the current climate. That’s why...

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Pandemic fuels demand for rural homes.

Pandemic fuels demand for rural homes.

Prime property hunters say that having a dedicated space for remote working is now a bigger priority, a survey has found.  Following the COVID-19 pandemic, people are likely to be working from home much more; the research suggests that buyers at the top end of...

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Mind the ‘gender protection gap’.

More and more women are working full time, launching their own businesses and becoming breadwinners for their family. Traditional gender roles are being swept aside for more flexible models – so why are women still losing out on vital protection cover? A recent study...

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The ultimate financial stress test?

The ultimate financial stress test?

In a 2019 study, nearly a quarter (22%) of workers said they would be unable to survive financially for more than a month if their income stopped. Just a year later, we have seen this hypothetical scenario play out in real life.  The coronavirus pandemic has...

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Life insurance myth busters.

Life insurance myth busters.

Many UK households don’t have life insurance, despite having significant financial responsibilities. Most concerning, 42% of mortgage holders don’t have life cover either. So, why is there such a low take-up of life insurance in our country?  Well, it doesn’t...

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Stamp Duty break – Limited time.

Stamp Duty break – Limited time.

To encourage people to get moving, in his Summer Economic Update, the Chancellor announced a ‘Stamp Duty holiday’ aimed at helping people feel “confident to buy, sell, renovate, move and improve.” Until 31 March 2021, the Stamp Duty threshold of £125,000 has been...

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Ongoing support for mortgage borrowers.

One in six homeowners with a mortgage across the UK have taken advantage of mortgage payment holidays and the Financial Conduct Authority (FCA) has confirmed the support has been extended for a further three months. If you have not yet taken a payment holiday, you...

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Protection in a changing world…

Protection in a changing world…

Rarely has a global event so starkly demonstrated the importance of protection insurance. As the coronavirus pandemic swept through the UK, millions were unable to work due to illness or self-isolation, people were furloughed or made redundant, and many tragically...

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Should I remortgage now?

Should I remortgage now?

Understandably, the coronavirus pandemic has made people reluctant to make any big financial decisions right now.  However, with interest rates at rock bottom, those looking to remortgage could potentially get their hands on a suitable deal. Recent data shows...

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Be Scam Smart as Fraud Goes Viral

Be Scam Smart as Fraud Goes Viral

Since the beginning of the outbreak, an estimated five million people in the UK, have fallen victim to, or know someone who has been deceived by a financial scam.  Warnings have been issued from numerous bodies, including the Financial Conduct Authority and the...

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Stamp Duty break & Green Homes Grant

Stamp Duty break & Green Homes Grant

Despite the reopening of the property market in May, some aspiring buyers are still holding back. In a bid to encourage people to get moving, in his Summer Economic Update of 8 July, Chancellor Rishi Sunak announced a ‘Stamp Duty holiday’ aimed at helping people...

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Buyers move further for new-build houses.

Buyers move further for new-build houses.

Research has highlighted that buyers of new build properties are prepared to move 56% further than those purchasing homes that are not brand new.  The research also reveals variations from a regional and age-specific perspective. Older buyers tend to move further...

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Calling all Airline Staff and Cabin-Crew

Do you work for an airline? Are you a member of Cabin-Crew? Having dealt with a number of airline staff, Cabin-Crew in particular, we understand that the salary packages you receive can be complex arrangements. Things such as allowances, flight-pay, Cash Passport...

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Winter 2017 Industry Newsletter

Please read our Winter 2017 newsletter for the latest industry news: An update on the Base Rate increase. The benefits of re-mortgaging. Protecting your mortgage. The Bank of Mum & Dad.    

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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

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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.