Blog

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

 

An Introduction to Green Mortgages

An Introduction to Green Mortgages

The built environment contributes around 40% of the UK’s total carbon emissions1, meaning energy efficiency is becoming an increasingly essential issue. Enter green mortgages: loans according to which a lender will offer buyers preferential rates and terms if the home...

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Where to invest in Buy to Let

Where to invest in Buy to Let

Investing in a buy-to-let property delivers an average return of 5%, making it a solid choice for would-be investors. However, the returns you’ll get depend heavily on where you buy, research1 shows. Birmingham takes the top spot The study by Seven Capital examined a...

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Protection – Make sure you keep a step ahead

Protection – Make sure you keep a step ahead

Nearly a third of homeowners (31%) have said they would only consider purchasing protection insurance if they fell ill1 – which defeats the point as it’s already too late.  Other triggers for taking out protection include having an accident (24%) or a change in...

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UK Housing market “On Fire”

UK Housing market “On Fire”

With house prices continuing to strengthen, many buyers are engaged in a race for space. The extension of the Stamp Duty holiday, and subsequent taper, are helping fuel the market.  In June, Andy Haldane the Bank of England’s Chief Economist at the time, spoke at a...

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Avoid that holiday Selfie

Avoid that holiday Selfie

With limited travel back on the agenda, including staycations for many, it pays to think twice before posting a holiday selfie on social media. Your insurer may think you are advertising the fact that you are away from home, leaving your property unoccupied and your...

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Millions Hiding Ill Health From Loved Ones

Millions Hiding Ill Health From Loved Ones

Seven million people are keeping quiet about mental health issues, while nearly four million are hiding a physical health problem from their families, according to a study1.  Keeping loved ones in the dark about health issues can create problems both now and in the...

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Stamp Duty – Just a Reminder!

Stamp Duty – Just a Reminder!

The temporary raising of the nil-rate Stamp Duty band threshold to £500,000 ended on 30 June. The measure was introduced in July 2020 to maintain confidence in the housing market during the pandemic. Don’t despair if you missed the deadline, as there's now a tapered...

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A Record Summer for house prices?

A Record Summer for house prices?

House prices continue to rocket, with the Nationwide House Price Index1 revealing annual house price growth of 13.4% in June, the highest level since November 2004.  The extended Stamp Duty holiday, in addition to the new mortgage guarantee scheme and changing...

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Your Mortgage Options During A Divorce

Your Mortgage Options During A Divorce

Many family lawyers are predicting that the stresses of the last year will result in a post-lockdown divorce boom. For couples who own their home, one of the biggest decisions is what to do with the property.   One option is to sell the house and split the...

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£17m a day paid in protection claims

£17m a day paid in protection claims

Association of British Insurers (ABI)1 figures show that the insurance industry paid out £6.2bn in life insurance, critical illness and income protection claims in 2020, which averages £17m a day, the highest combined figure on record and up 8% on 2019.   ...

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Who Benefits From Your Life Insurance?

Who Benefits From Your Life Insurance?

It’s a good idea to take out life insurance, but don’t forget to make sure the proceeds of any payout will go to those you want to benefit. Too often, policies are set up incorrectly and may mean that your loved ones miss out.    Unmarried partners would not be...

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What Invalidates Your Home Insurance?

What Invalidates Your Home Insurance?

One in four UK households have no home contents insurance1, but even if you are insured, you could be invalidating your cover without realising. Here’s how: Unoccupied homes Home insurance policies usually limit the number of days you can leave your property vacant...

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People Looking To Move On The Rise

People Looking To Move On The Rise

Rightmove reported its highest ever number of website visits (over 9.3 million) on 7 April1. In March, house hunters spent over two billion minutes on the property listing site. Buyer demand is high, as families continue to reassess their priorities for their home. In...

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MPs Vote Against SVR Cap

MPs Vote Against SVR Cap

Following a vote in the House of Lords, in favour of introducing a Standard Variable Rate (SVR) cap on closed book mortgages, where members backed an amendment to the Financial Services Bill that would cap the SVR for mortgage prisoners and provide access to fixed...

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Mortgage Guarantee Scheme – Need To Knows

Mortgage Guarantee Scheme – Need To Knows

The Chancellor’s announcement of a new government guarantee scheme for 95% LTV mortgages was welcome news for prospective homebuyers with a 5% deposit, who have effectively been blocked from the property market during the pandemic.    Launched in April 2021, the...

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Mortgage Choice Up As Confidence Returns

Mortgage Choice Up As Confidence Returns

It has been reported that the number of mortgage deals on the market in April, is at its highest level in over a year. There are now 3,842 mortgage products on the market, an increase of 9% on the previous month, where 3,522 products were available1.  Product...

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2020: A Lesson In Protection?

2020: A Lesson In Protection?

Many people have lost something in the last year or so, perhaps their job, freedom to socialise or confidence in their finances. We feel there may have been at least one silver lining, however: that the pandemic is starting to change attitudes about protection...

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Mortgage Choice For Buy To Let Investors

Mortgage Choice For Buy To Let Investors

It’s been a tough year or so for tenants – but it’s also been a difficult one for landlords, with reduced rental income having a knock-on effect on their mortgage prospects.  Many lenders withdrew buy-to-let mortgage deals early in the pandemic but, according to...

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How To Make Your Home Stand Out Online

How To Make Your Home Stand Out Online

If you’re selling up, it’s important to make your home stand out from the crowd of online listings. Here are our top tips to help: Good photography - Bright, professional photographs that capture the space in natural light will make a better impression than quick...

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Demand For Property Reaches A Ten Year High

Demand For Property Reaches A Ten Year High

Spring price surge Rightmove’s April House Price Index indicated a monthly surge in asking prices of 2.1% (£6,733) has rocketed the national average house price to £327,797. This is only the second time in five years that prices have jumped by over 2% in a month and...

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Financially Support Adult Children

Financially Support Adult Children

Research has shown that 50% of parents in the UK have spent thousands of pounds supporting their adult children (18+) during the pandemic1. Although the average spend has been nearly £1,300 over the three-month period to December 2020, one in 50 parents have spent...

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FCA Reveals The State Of The Nation

FCA Reveals The State Of The Nation

In February 2020, the Financial Conduct Authority conducted its second Financial Lives survey1, which it followed up with further research in October 2020, to see how people had coped with the financial impact of the pandemic. The results indicate a rise in financial...

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First Time Landlords Show Interest

First Time Landlords Show Interest

Recent data from mortgage criteria software provider Knowledge Bank, clearly demonstrates the high interest in the buy-to-let market from first-time landlord clients lately. In February, the most searched criteria by buy-to-let brokers was ‘first-time landlords.’ ...

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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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(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.

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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

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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.