The latest house price index from Rightmove reveals a buoyant spring with a 0.9 per cent increase (£2,841) in house prices, thanks to higher demand for property. The May figure follows positive growth reported by the Halifax in its April house price index which showed that house prices rose 1.1 per cent, recovering from a […]

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What is a Whole of Market Mortgage broker? A Whole of Market mortgage broker is able to offer a much wider range of products, representative of the entire market, as opposed to mortgage advisers that are tied to a specific lender or a limited list of lenders. Should you use a Whole of Market Mortgage […]

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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 […]

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“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.

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

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Credit Score Rating

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 […]

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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.

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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.

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