Category: News

No one has been immune to the unwelcome increases in the cost of energy over the past year – with gas price increases of 129.4% and electricity going up by 66.7%, according to the Office of National Statistics¹.

However, there may be some light on the horizon, with forecasts that energy bills are expected to fall by nearly £450 from July as the Government’s Energy Price Guarantee takes effect².

Despite this, the high energy prices can cause significant challenges for the average household, so we have gathered together some advice and guidance which may provide further assistance to help save money on energy bill:

1. Check if you are eligible for any government grants or schemes to help you pay for your energy bills

https://www.smartenergygb.org/about-smart-meters/advice-for-those-worried-about-energy-bills/grants-and-schemes#grantsNschemes

2. Take regular meter readings, or get a smart meter

https://www.smartenergygb.org/about-smart-meters/advice-for-those-worried-about-energy-bills#regularmeterreadings

3. Contact your energy supplier to see how they can help

https://www.smartenergygb.org/about-smart-meters/advice-for-those-worried-about-energy-bills#contactenergysupplier

4. Make your home more energy efficient

https://www.smartenergygb.org/about-smart-meters/advice-for-those-worried-about-energy-bills#homemoreefficient

5. Talk to someone for advice

https://www.smartenergygb.org/about-smart-meters/advice-for-those-worried-about-energy-bills#talktosomeone

As ever, facing the issue as soon as possible rather than ignoring the problem has to be the best course of action. As demonstrated, there are resources available to everyone but there is no substitute for immediate action.

* Source: Office for National Statistics

Sources

1. Office of National Statistics (2023) Cost of living insights: Energy. Available at: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/costoflivinginsights/energy (Accessed 22nd May 2023)

• BBC News (2023) Energy bills predicted to fall from July by nearly £450. Available at: https://www.bbc.co.uk/news/business-65655866 (Accessed 22nd May 2023)

All the information in this article is correct as of the publish date 25^th May 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

The late-Spring period is a busy time for remortgages this year – according to data from USwitch, over 371,000 of us are due to be coming up for a remortgage on our homes between April and June 2023, so chances that this may be you right now, or it’s coming up soon.

We’re here to help you for every step of the way, and we’ve put together a brief guide on how you can get yourself ‘remortgage ready’, so that together, we can make this as simple and straightforward as possible for you.

Why might I need a remortgage?

One of the most common reasons for a remortgage is that the term granted on an initial mortgage deal is coming to an end. Most mortgages are granted on an initial two-year or five-year period, and once this expires, many lenders will put you onto their default Standard Variable Rate (SVR) which can mean that you end up paying more than you need to, as the interest rate is sometimes higher than can be sought elsewhere.

For this reason, we’d advise that you get in touch with us, firstly, if you are in any doubt as to when your initial mortgage term expires, and secondly, for us to help you find a rate that may be more suitable for your own individual circumstances.

This can involve either a full remortgage, finding a new product with a new lender, or we can help arrange a product transfer, which is where we can put you onto the most suitable mortgage product with your existing lender. Either way, we’d recommend that you come to us for bespoke, professional advice on the most appropriate deal that fits your exact circumstances, especially as there’s so much at stake.

How to get Remortgage Ready

There are a range of easy steps that you can take which will help make the remortgage process as smooth as possible:

• Plan ahead – allow some time for a remortgage to take place, ideally contact us around 3 months ahead of your existing deal expiring to give a good amount of time to find the most suitable deal for your circumstances, and we’ll keep in touch at every stage of the process to keep you informed on what you need to do next.
• Plan your finances – just as for applying for your first mortgage, it pays to make sure your finances are truly in order. Check your credit score, don’t apply for any new credit, avoid any large purchases, avoid payday loans or overdrafts at all costs to boost your chances of quick acceptance for a remortgage. It also helps to bear in mind an estimate of your existing property’s value – have a look around at property websites to get a good idea of recent market prices.
• Get your documents in order – just as for your first mortgage, documents will be required to prove your identity, current address and proof of income – save time by gathering your documents together upfront. This can include your last 3 month’s bank statements and payslips, proof of any bonuses, your latest P60 tax form, official ID (such as Passport) and proof of your address, such as utility bills with your name and address visible.
• If you’re self-employed – you’ll need to show additional proof of income with three years history. You can aid your application by showing future workload and incoming revenue stream.

This should give you a good headstart on having the key documents and info you need ahead of a remortgage. We’re here to support you every step of the way, so if there’s any queries you have, just ask us and we’ll be happy to help.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There may be a fee for mortgage advice. The Financial Conduct Authority does not regulate some forms of buy to lets.

Sources

1. USwitch (2023) UK Mortgage Statistics 2023. Available at: https://www.uswitch.com/mortgages/remortgaging/remortgage-statistics/ (Accessed 23^rd May 2023)

All the information in this article is correct as of the publish date 25^th May 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Pensions will rise by 10% this year¹ but the cost of maintaining the state pension is becoming unsustainable for the UK Treasury. For those of us who have maintained our belief in the automatic right to a pension when we reach retirement age, we may have to dial back our expectations.

The Government has recently published a report on the sustainability of the state pension² in the future and it does not make optimistic reading. The major finding simply states that in its current form, the state pension is too costly. Either the state pension age will have to rise rapidly, which is likely to hit the under 40s especially hard, or the ‘triple lock’ – the automatic mechanism that ensures pensions increase in line with whichever is higher — prices, earnings or 2.5 per cent, will need to be axed.

No action is expected on this until after the next General Election in 2024, and this will be a controversial topic for the Government of the time, especially as the decision will affect so many, for years to come. The current minimum age of retirement in the UK is 66 years, depending on your current age³. It’s likely that the younger you are, the longer past 66 you will be entitled to receive the state pension, but you can check your present status on the Government website at https://www.gov.uk/state-pension-age

The time you can receive your pension will rise to 67 between 2026 and 2028. In fact, between 2010 and 2028 women will actually have seen the state pension age increase by seven years⁴.

If you were born after 5^th March 1961 and are 62 or younger today, you will not be entitled to a payout until you are at least 67. The next increase to age 68 is not planned until 2046 but with the growing recognition that the state pension is becoming unaffordable, it is rumoured that the Government is considering bringing that forward. As it stands, someone currently aged 45 or younger won’t get their state pension until aged 68⁴.

The Government aims to limit the rise in state pension costs between now and 2070 to 6 per cent of GDP (Gross Domestic Product). In order to achieve that either the state pension age will have to go up or the ‘triple lock’ will have to be scrapped and millions of pensioners would see their standard of living fall as incomes fail to keep pace with the cost of living⁴.

Sources

1. The Time Money Mentor (2023) State pension increases 2023. Available at: https://www.thetimes.co.uk/money-mentor/article/state-pension-increase/ (Accessed 22^nd May 2023)
2. HM Government Department for Work & Pensions (2023) State Pension Age Review 2023. Available at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1147389/state-pension-age-review-2023.pdf (Accessed 22nd May 2023)
3. Gov.UK (2023) Check your State Pension age. Available at: https://www.gov.uk/state-pension-age (Accessed 22nd May 2023)
4. Beard, J. (2023) When will you get your state pension?. Available at https://www.thisismoney.co.uk/money/pensions/article-11961943/So-state-pensions.html (Accessed 22nd May 2023)

All the information in this article is correct as of the publish date 25^th May 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Many of us may not believe that our families would be likely to be liable to pay inheritance tax (IHT) when we die, but a new report highlights that more of us will have to pay the tax before the residue can be passed on to our families¹.

HM Revenue & Customs (HMRC) reported a 24% increase in the number of estates paying IHT in the 2022-23 tax year. That is nearly double what it was in the 2018-19 tax year. Currently, your estate pays nothing on the first £325,000 when you die. This sounds a lot but when you consider that the average price of a house is now £310,000 in England according to HM Land Registry², it is not such a stretch to see how homeowners especially might be caught in the IHT trap.

To recognise the rises in property prices, in April 2017, an additional allowance was introduced to help reduce inheritance tax liability, named ‘The Residence Nil Rate Band’³.  To help understand what this could mean, we’ve put together a very simplified case study example to illustrate how it can work.

A married couple or civil partnership could already leave an estate valued at a maximum of £650,000 (£325K each) before incurring Inheritance Tax, but with the introduction of the ‘Residence Nil Rate Band’ this allows them to add a further allowance of £350,000 (£175,000 each per person) on top of this amount. Altogether, potentially £1 million could be left to their heirs without incurring Inheritance Tax.

This is just a simplified case study, and it assumes that there are no other gifts made to their children, etc, but it goes to show the kind of amounts that can be left to heirs before incurring Inheritance Tax can be surprising.

Because of the amount of complexity in this area, we would always recommend that you seek professional advice from a qualified Independent Financial Adviser before making any decisions in this area to ensure that your estate is kept intact and that your family is catered for as per your wishes.

The main reason for bringing this to your attention is that IHT was originally designed as a tax that only the wealthy would pay, however, successive Chancellors have frozen allowances at their current levels since 2019. The current freeze will be reviewed in 2028, by which time more and more families will find that the estates of loved ones are likely to fall into the IHT trap.

Don’t be caught out!

Sources

1. International Adviser (2023) 24% Rise in Number of Inheritance Tax Payers. Available at: https://international-adviser.com/24-rise-in-number-of-inheritance-tax-payers/ (Accessed 22^nd May 2023)
2. Office for National Statistics (2023) UK House Price Index: January 2023. Available at: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/january2023 (Accessed 22nd May 2023)
3. Gov.uk (2023) Work out and apply the Nil Rate Band for Inheritance Tax. Available at: https://www.gov.uk/guidance/inheritance-tax-residence-nil-rate-band (Accessed 22nd May 2023)

All the information in this article is correct as of the publish date 25^th May 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Spring is finally with us, and with thoughts turning to holidays, it’s important that we don’t just walk out of the door with the buckets and spades in hand and forget to make sure that our homes and belongings are as secure as they can be.

Going on holiday

• Don’t advertise you are away!

Take care when posting social media updates about your holiday – it’s easy to unwittingly give thieves all the information they need to know about when you’re away from home and for how long. Make sure your settings are set to private, and ideally wait until you’re home before posting those gorgeous holiday pics.

• Adopt the ‘buddy’ system

Ask a neighbour to keep an eye on your house, pick up any post or packages and even water the plants outside. You can then reciprocate when it is their time to go on holiday.

•  Light timers and smart lighting you can operate from an app

Even in the summer, invest in inexpensive timers which you can use with your indoor lights to come on for part of the hours of darkness. Cheap, simple and effective. Smart lighting both inside and outside, a more expensive addition, but an extra layer of security, can also act as effective deterrent.

• Turn off your hot water/heating

Unless it is a winter holiday and you need to keep the house and your pipework from freezing up, turn off/turn down your hot water and central heating. This can help to save you money and reduces the likelihood of any water leaks, or worse, whilst you are away.

Staycations

Whether you are staying at home and just planning day trips or making the most of the sunny weather at weekends, here are a few more tips to keep your property safe.

• Windows and doors

Tempting though it may be to open all of your windows and doors when it is hot to keep the house cool, it also is an open invitation to potential thieves, particularly at night. Better to be uncomfortable than robbed, so keep your downstairs windows closed at night.

• Keep it locked

Spending time in the garden means that you might not hear signs of a break in. Make sure access doors are kept locked to avoid unwanted visitors.

• Remove temptation

Many break ins are opportunist crimes rather than part of some grand plan. Leaving valuables in plain sight near open windows, even near cat flaps and letterboxes increase the likelihood of opportunist crime. It only takes a second to reach in and steal.

• Burglar alarm

Not exactly original but highly effective as a deterrent, particularly against the opportunist thief. Seeing a large coloured alarm box on a property will deter the majority of would be thieves. Even a decoy alarm box has the power to deter. 

• Neighbourhood Watch

Your neighbours are your best defence. The Neighbourhood Watch scheme is highly effective at minimising crime, and if there isn’t one in your road, take the initiative and set one up, your local Police force should have useful tips and guidance on their website.

• Check your buildings and contents policy

How long has it been since you reviewed your policy and what is covered? If you’re going away for an extended period of time, take extra care to make sure you are still covered.

There are a number of reasons why you may wish to remortgage, however it’s always worthwhile seeking advice to check whether the mortgage you hold is right for your current situation.

If your current deal is coming to an end
Most mortgages are granted on an initial deal (fixed, tracker or discounted variable) that lasts for between two and five years. Many lenders will then put you onto their Standard Variable Rate (SVR).

Since you took out your mortgage, with repeated rises in interest rates in recent times, it’s likely that the rates now are higher than the rate on your original mortgage deal. Therefore, it’s likely that if your mortgage lender places you on their SVR, then you could end up spending more than you need to on your mortgage repayments.

We would encourage you to book a no-obligation appointment with us to look at your exact situation to see if there are other available deals that may be more suited to your requirements. We’d recommend that you contact us at least three months before your existing deal is about to end, to ensure adequate time to find the most suitable deal for you.

If you’re looking to find a more suitable mortgage
Interest rates have risen constantly for the last eighteen months, so it’s likely that the marketplace has changed since you took out your last deal, and it may not be right for you. Furthermore, your own circumstances may have changed, your income, your outgoings, your lifestyle or your family for example – all these elements can have a big impact on whether you’re able to commit to your regular monthly outgoings.

With such a complex set of changes in recent times, it is vital to see professional mortgage advice to establish whether you are still on the most suitable mortgage deal for your circumstances. It might be that you are seeking to make a change, but with our advice we can present you all of the facts and details of any hidden costs you may not be aware of, before making a decision that could have serious consequences for you and your family.

If you’re seeking to raise capital
You might want to borrow more money for a number of reasons – for example to pay for home improvements, to fund a car or simply to consolidate credit card and loan debts into a more manageable lump sum.

A remortgage could be a suitable option to do it but whatever the reason you want to borrow, we can help advise on the deals that can fit your own specific circumstances and give you the advice you need to make an informed decision to realise your own financial goals.

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

All the information in this article is correct as of the publish date 27th April 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Spring is a great time for moving home, however property viewings can be an overwhelming experience, so we’ve a few top tips to help you focus on the most essential items.

1. Don’t be pressured into not taking the time you want to view the property
Make sure you spend a fair amount of time viewing a property – 20 to 30 minutes at least – Don’t feel you must rush because the estate agent is looking at their watch.

2. Look at the structure of the building
Make sure you walk around the outside of the house to check the exterior. Look for damp and hairline cracks in the walls, missing or loose tiles on the roof and broken guttering. If you find signs of a problem, ask questions to find out what the cause is and whether it will be fixed.
Always have an independent house survey done so an expert can conduct more thorough checks.

3. Look and smell carefully
The seller doesn’t have to tell you about problems – in fact, they may even try to hide them. Common coverups include painting over damp and hiding wall cracks or floor problems with furniture or rugs.

Damp can give off a musty whiff even if you don’t see physical signs, so be on your guard for unusual smells, including air freshener.

4. View the property more than once
Even in a fast moving market, it’s best to go and see the property more than once if possible. The more times you view, the more likely you are to spot potential problems.
We’d recommend viewing the property two to three times, at different times of day, to find out how the light, traffic and surrounding noises change.

5. Confirm what land is included with the property
If there’s any uncertainty over who owns a garden or parking space, make sure you find out the answer and get it confirmed in writing before committing to buy the property.

6. What is included in the sale?
Always ask the seller what furniture or white goods will be included in the sale.

7. Try to take someone with you
Take someone you trust along with you. They can share their opinion on what they make of the property.

8. Have a professional survey done
Mortgage lenders only request that you have a ‘valuation survey’ carried out. You should always have your own independent survey carried out in order to uncover any hidden issues with the property you’re buying.

9. Find out how energy efficient the home is
Every property being sold must have an energy performance certificate (EPC). It details information about a property’s energy use and typical energy costs, as well as recommendations about how to reduce usage and save money.

10. Investigate the neighbourhood
Spend at least half an hour walking around the general area to see how close the things that matter to you, such as cafés, schools, transport links or local shops, are. Also, revisit the area at rush hour and when the pubs close, and on weekends and weekdays.

11. Talk to the estate agent
If the property you’re viewing is a serious contender, talk to the estate agent to find out more about the property and why it’s being sold. The estate agent is legally obliged to tell you if they know of any serious problems with the property.

12. Don’t be afraid to keep asking questions
At the end of the day, sellers and estate agents are trying to get you to buy a property. Therefore, they may not be forthcoming in telling you all the ins and outs.
So, questions are crucial in getting the full picture on what you’re buying. Don’t let the estate agents dictate the viewing, make sure you keep them on their toes and find out every nugget of information, with email or telephone follow ups.

Missing just a couple of payments can have pretty serious consequences, but what exactly happens?

A shortfall equivalent to two or more months’ repayments means you are officially in arrears.¹

A failure to pay your mortgage will trigger a report by your lender to the major credit bureau and they could lower your credit score, which will make it more challenging to seek credit elsewhere. After your grace period (this is usually one week to fifteen days after the payment due date) a late fee will be added on to the payment you failed to make.

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

What to do, and what not to do

The most important thing is not to stick your head in the sand. Talk to your lender as soon as you think you may have some difficulties. If you fall behind your mortgage payments by 90 days, this is considered as defaulting on the loan, and your lender can start proceedings to repossess the property, however there are avenues of assistance that can prevent you reaching this stage.

By speaking to your lender, you may be able to make a plan for the payments you owe, or even to create a forbearance agreement with your lender, to allow a short-term solution to catch up on your payments.

We recommend that as well as speaking to your lender if you are struggling, please do not hesitate to reach out to us and let us know if you have any challenges, we can take a look at your specific circumstances.

Your lender’s obligations

Within 15 working days of falling into arrears, your lender must:

• Tell you how much your arrears add up to
• List the missed payments
• Explain how much is outstanding on the mortgage
• Outline any charges

Your lender must then treat you fairly by considering any requests about changing how you pay, perhaps with lower repayments for a short period.

Any arrangement you come to, the FCA points out, will be reflected on your credit file – affecting your ability to borrow money in the future – as will any missed payments.¹

Your lender might also suggest or allow you to extend the term of the mortgage or let you pay just the interest for a certain period of time.

If in doubt, please do get in touch with us as well as your lender if you think you may be struggling, help is at hand.

For additional assistance, you can also visit the Citizens Advice website which contains further detail about what to do – https://www.citizensadvice.org.uk/debt-and-money/mortgage-problems-debt-and-money/

Sources

1. BBC News (2023) Mortgages: What happens if I miss a payment? Available at https://www.bbc.co.uk/news/business-63486782 [Accessed 25 Apr 2023]
   

All the information in this article is correct as of the publish date 27^th April 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

It’s getting to that time of year when the weather is starting to improve, Spring is in the air and you may be thinking about moving home in the months ahead. We’ve put together some helpful tips on simple Spring cleaning tasks that may make a big difference in helping your home sell quickly.

Clean and de-clutter everywhere
It might sound basic, but a clean home can make a big difference when it comes to appealing to your potential buyers. Give your place a thorough clean for best results – wash walls, clean behind furniture, clean your paintwork and the windows. It’s also an opportunity to think twice about what you actually need and take the moment to donate any unwanted items to charity shops, or recycle what you can’t use.

Apply a coat of fresh paint
Kerb appeal is everything, when it comes to setting those important first impressions for potential purchasers. Some simple maintenance here can make all the difference – if your front door or garage door needs a makeover, then it’s the ideal time to do it. Similarly, paint any window sills that have flaking paint and bring them back to new condition.

Whilst the painting gear is out – look around elsewhere inside to see if anything else can be freshened up too. It’s a commonly-advised topic, but painting over brightly-coloured decoration with more neutral tones does help to present prospective buyers with a blank canvas that they can imagine themselves in.

Give your bathroom and kitchen a makeover
Bathrooms and kitchens can really sell a home – so try and focus your energy on making these look tip top. Firstly, look to de-clutter each room, and give each a deep-clean to really give the effect that they are almost new. This includes cleaning the grouting between tiles, cleaning the inside of each kitchen cupboard, and even as basic as cleaning the oven prior to prospective purchasers visiting – it all helps present your home in the best possible light.

Thoroughly clean all carpets and floors
Consider deep-cleaning your carpets and floors to remove any noticeable stains, and bring them back to their original condition. It may prove easier to bring in a professional cleaning team with specialised tools for certain types of flooring.

Tackle all the DIY jobs
If there’s a small DIY job that’s been nagging for a while – get it done! It may be something extremely simple, but a broken door handle or lightbulb that needs replacement can give buyers the idea that you don’t care for your home, so be sure to dedicate a few hours to fixing up the little tasks in order to reap the rewards later on.

Create a home office
With hybrid working being commonplace in 2023, a home office space is a valuable commodity, and so do try and showcase this feature where you can. Add a desk, adequate light and a smart-looking plant to bring out the best and show your potential buyers how they could easily fit in working from home.

Spring clean the outdoors
If your home has a garden, then this will certainly add to the value – ensure that it’s tidy and shows potential buyers the opportunity for this space, whether it’s growing plants, a nicely-mowed lawn or weeding the patio area to show there’s space for a BBQ, the possibilities are endless.

It’s an ideal time to sort out the garage too – chances are like many these days, if you have a garage, it’s more likely to be storing junk than a motor vehicle. Sort though the clutter and get rid of what you don’t need. Clear as much floor space as possible to show potential buyers what they can do with the space, and the storage options available.

Similarly, if you have any outbuildings, sheds, cabins, or home-bars – then give these a spring clean and just show the possibilities that they can offer buyers.

Make your house smell attractive
Smell is a much under-rated sense and one that can be used to great effect. Make sure your home gets plenty of fresh air with a daily airing and invest in some air fresheners with the same fragrance to dot around your home, but take care not to go over the top and give a pleasant welcoming smell for prospective buyers.

Generally in life, if you’re struggling with something, the best thing you can do is talk to someone. The same can also be recommended if you find yourself struggling to pay your mortgage – speak to your lender or your mortgage adviser as soon as you can.

We are here to help listen to your exact situation and are ready to offer advice and guidance based on your circumstances, with the aim to help you through what can be a very stressful and challenging time, especially as the Cost of Living crisis rumbles on.

Never have any fear of reaching out if you think you may be in trouble, or just unsure of what the future holds. What’s more, the regulator, the Financial Conduct Authority (FCA) has recently set out updated guidance on how it expects mortgage lenders to treat their customers when they are unable to pay their mortgages.

There are a variety of tools and options that lenders can use to support customers in difference circumstances. These can include options such as extending the term of the mortgage, switching to interest only for a temporary period, moving to a different interest rate or making reduced monthly payments for a temporary period¹.

At the same time, it’s worth bearing in mind that making changes, even temporary ones, may result in higher monthly payments in future or paying back more overall. Mortgage borrowers should consider carefully any steps they take and customers who can keep up with their payments should continue to do so.

For this reason, whilst you should speak to your lender, we also recommend contacting us at the same time to talk through anything related to your mortgage, your monthly payments or even if you are concerned how you could be affected if rates were to rise further – we are here to help. We will be able to look at your specific circumstances, explain everything that you need to know and help you make decisions that are the most appropriate for you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

Source

1. Financial Conduct Authority (2023). FCA confirms help for mortgage borrowers struggling with payments. Available at: https://www.fca.org.uk/news/press-releases/fca-confirms-help-mortgage-borrowers-struggling-payments (Accessed 27 March 2023)

All the information in this article is correct as of the publish date 30^th March 2023. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.