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What happens if I can’t pay my mortgage
Updated by Advisory Financial Services on Thursday, October 26, 2023Throughout 2023, it’s estimated that 1.8 million fixed-rate mortgage deals will expire1. With mortgage rates at their highest in 15 years2, many of those who remortgage will see their repayments increase sharply.
Understanding your options
You could get in touch with your lender, as they may have …
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Should I overpay my mortgage
Updated by Advisory Financial Services on Thursday, October 19, 2023Whilst many people may be struggling to keep up payments on their mortgages in the wake of steep interest rate rises, there are a significant number of homeowners who may be wondering whether it is worthwhile paying more than the minimum statutory repayments each month, with the aim of helping to sa…
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Life cover and your mortgage – hand in hand
Updated by Advisory Financial Services on Tuesday, October 17, 2023One of the financial responsibilities of homeownership is to protect yourself and your family. Life insurance and your mortgage are inseparable companions.
- Life insurance provides a safety net. A payout can pay off the remaining mortgage balance, ensuring that your loved ones can stay in their…
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Why you shouldn’t cancel your protection
Updated by Advisory Financial Services on Wednesday, October 11, 2023Research shows that a rising number of people are cancelling their protection insurance policies as the cost-of-living crisis continues to bite.
According to research by Consumer Intelligence1, 8.2% of people have cancelled or reduced an insurance policy and 6.8% said they would consider cuttin…
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What to consider before remortgaging
Updated by Advisory Financial Services on Wednesday, October 4, 2023With mortgage rates at their highest since the 2008 financial crisis1, those looking to remortgage have more to think about than usual.
Many whose deals are coming up for renewal will have agreed their mortgage at a time when Bank Rate was just 0.1%. Now, it stands at 5.25%.
If your deal is coming…