For most people, property is regarded as a long-term investment that provides stability in the milieu of daily life. But when life’s circumstances change, particularly in later life, knowing what’s best in terms of using your property’s equity to support your plans can be a tricky area to navigate. Downsize without selling your home For […]

“I am Dominic Doggett, a senior adviser at NM Finance, and I cover a broad spectrum of finance. My role is customer-facing, so I work with my existing clients as well as new clients which are often referred to NM Finance by my existing clients. In a nutshell, my role is to find the most cost-effective way to achieve the best result which meet my customers’ needs. That might be to purchase a property, refinance or raise capital for a wide variety of reasons.

“I am Neil Denman, a senior mortgage advisor in NM Finance’s London Branch.”

It’s never been easier to check and take care of your credit score, but few of us take the time to do so. If you anticipate applying for a mortgage, property finance, personal or commercial loan, then it’s important to think ahead and ensure that your credit history is in rude health and that your […]

King’s Lynn in North West Norfolk has bucked the national trend and seen the largest percentage increase in new listings for properties coming to market during October 2018. While stock levels have dwindled in more than half of the 100 towns and cities analysed across the UK by online estate agent Housesimple, down by 5.5 […]

The 80s was a defining decade for home ownership with a boom in house price rises, and the Conservatives’ ‘right to buy’ policy encouraging more of us to invest in bricks and mortar.But one legacy of the era was a large number of homeowners who bought their property with an interest-only mortgage – often alongside poor performing endowment policies – many of which are now coming to an end. A number of these borrowers do not have provision to pay the capital owed on their home, having only paid the interest for the term of the loan. In this post we explore the options available to homeowners facing an interest only shortfall in retirement.

It’s not an uncommon scenario that as our mortgage comes to the end of a fixed rate period, our current lender will contact us with a ‘product transfer’ offer. As many of us are time-poor, it can be tempting to opt for the ‘easy’ fix – after all, the lender can quickly take care of things and transfer our borrowing to its new product.

But is it the best option? In this post we explore the differences between a product transfer vs. remortgaging your home, and which you should go for at the end of your term.

Whether it’s the Brexit effect, the natural cyclical end of record low interest rates two years ago, or the desire to stay put and release some funds for home improvements, a growing number of homeowners have taken the opportunity to remortgage in 2018. And, with an increasingly complex range of property finance products on offer, […]

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