Do You Lose Ownership of Your Home with a Lifetime Mortgage? For many homeowners considering 'equity release', one of the biggest concerns is the belief that taking out a lifetime mortgage means losing ownership of their home. This misconception often leads to...
Common Myths About Lifetime Mortgages Lifetime mortgages are an increasingly popular way for homeowners over 55 to access the wealth tied up in their homes without needing to move. However, despite their benefits, common myths about lifetime mortgages often cause...
Can Employer Pension Contributions Affect Mortgage Affordability? As a business owner, managing tax efficiency is a key part of financial planning. Whether it's using company profits instead of dividends to secure a mortgage or making employer pension contributions,...
Introduction – Day Rate Contractor Mortgages Securing a mortgage as a day rate contractor can present unique challenges compared to traditional employees. While there’s no specific ‘contractor mortgage,’ some lenders have criteria that is better for contractors who...
What is a Retirement Interest Only Mortgage? Retirement interest-only mortgages (RIOs) offer a flexible financial solution for people looking to take our a mortgage in retirement. They often serve as an alternative to lifetime mortgages, commonly referred to as equity...
Can I get a mortgage with one year's accounts? Self-Employed people, (including those who own more than 20% shares in a Limited Company) often worry that they will find it more difficult to get a mortgage. This is especially the case when looking to get a mortgage...
What is the maximum age for a mortgage? Technically speaking, there is no maximum age for a mortgage. However this is driven by each lender’s criteria. Most lenders have a maximum age for standard mortgages. Generally speaking, high street lenders have a maximum age...
Lifetime Mortgages With people living longer in retirement, Lifetime Mortgages can play an important role in financial planning. As well as supplementing income, they can also be useful in providing early inheritance for families and funding the so-called ‘Bank of Mum...
Company Director Mortgage using Profit vs Dividends For prudent Company Directors, being as tax efficient as possible is usually a priority. It's common for Company Owners to take a small salary and dividend as income and leave excess profit in the business. However,...
Case Study - Company Director Mortgage for a Dentist Arranging a Limited Company Director mortgage for a Dentist can be a challenge. Company Owners who need a mortgage often approach us after being unsuccessful elsewhere. For example, Anil and his wife jointly owned a...
What is Business Protection? According to the latest State of the Nation Report from Legal and General, a major challenge with Business Protection is that many people don’t really understand it. For example, many have heard of ‘Key Person Cover’, but don’t really know...
Most working people would consider themselves professional. However, when it comes to mortgages, the term 'Professional' has a different meaning. So, what is a professional mortgage and how does it work? What is a Professional Mortgage? A "professional mortgage" isn't...
An Introduction to Limited Company Director Mortgages Arranging a Limited Company Director mortgage can be a challenge. When company owners try to balance taking the income they need with being as tax efficient as possible, this can create restrictions when applying...
It’s common for people who can access their pension to not take an income from it. This is usually because it doesn’t make financial sense based on considerations like tax, investment return, retirement plans or simply not needing the money. However, when it comes to...
The latest L&G State of the Nation Report suggests that many Business Owners may not have heard of Executive Income Protection. Given the value it can offer to Small Businesses and Limited Company Owners, here’s a simple introduction to Executive Income Protection...
The latest edition of Legal and General’s State of the Nation Report suggests that a majority of Business Owners have never heard of Relevant Life Insurance Plans. Given the potential benefits of this type of policy, it’s important to understand the basics. What is...
Mortgage affordability can be challenging, especially for first-time buyers or those with unique financial situations. One option that has gained popularity in recent years is that of Joint Borrower Sole Proprietor mortgages. It’s becoming more common for families and...
Each lender establishes its own parameters defining who qualifies as professionals or key workers. Additionally, they may specify the necessary qualifications for each profession. Criteria can differ significantly from one lender to another, so it's essential to...
