Q I am in the lucky position of having a fixed rate of 1.95 per cent and have avoided all the recent interest rate increases, but that is due to change very soon as my fixed rate ends in November. While we are not struggling yet, I’m extremely worried as I can’t afford a big
Is now the wrong time to get on the property ladder or are prices going to drop? Q I moved back in with my parents at the start of Covid and decided to stay there so I could save money for a deposit. Finally, I feel like I’m ready, but is now the right
Why getting financial advice now on mortgage rates is important! Mortgage rates are shooting up and this has implications not only for day-to-day household budgets but it’s likely causing huge numbers of borrowers to struggle to pay their mortgages. This will not just affect those on tracker rates who, for the first time in
Q My partner and I saved diligently for a deposit so we could buy our first home. We have a respectable sum saved, but are getting confusing messages about whether now is a good time to buy. On one hand we hear the housing market is in crisis and we should buy when we can,
Is it too late to switch my tracker mortgage to a fixed rate? I HAVE a tracker mortgage and while it has been great for a few years, I’ve had six increases since July. How bad could it get and is it late to switch my Tracker Rate? While ECB interest rates have risen
What is life insurance? I’ve been told that I need life insurance but as I don’t have any children do I really need it? Life insurance is a simple product designed to provide a lump sum or monthly income payment on death. It is designed to provide your dependents with financial security on your
Should I switch mortgage now and what are the steps? “Hey SEFS, I’m thinking of switching mortgage. Should I? What are the steps involved? – Get switching (or at least find out if it’s possible and worth your while) 1. We need to find out how much is owed on your existing mortgage, the
How to get your finances in order – top 10 tips to help you get you started This is a short question but not a short answer. Also, there may be a different answer for each individual. We do need to make and complete a plan. Ultimately, financial planning is about tailoring a solution to
We are all different when it comes to money, we ask ourselves how can we be better with our finances, how can we afford to live the way we want to but save a little too? we worry at times, should we be investing in the future or is it something to think about later
If you would like to know more about our simple ten step mortgage process, this week we would like to help you out. Firstly we will talk about how much you found out you can borrow, we will look at your current financial situation and crunch some numbers, from this step to the final one