Changing lifestyles and affordability challenges mean a growing number of people are buying their first home in their 50s and 60s. Stepping onto the property ladder later in life can still be rewarding and financially worthwhile, but it could present some additional obstacles to overcome. According to data from Legal & General, in the first…

An offset mortgage could help you pay less interest overall. However, they’re not the right option for every homeowner and there are some risks you might want to consider. Read on to discover how offset mortgages work and the circumstances where they could be valuable. An offset mortgage links your savings to your mortgage When…

The number of mortgage options available is at its highest level in 16 years, data from Moneyfacts reveals. While more choice is a good thing when you’re searching for a new mortgage, it might feel overwhelming too. In May 2024, there were more than 6,500 different mortgages available – the highest number since February 2008…

When your current mortgage deal ends, ideally you want to review your mortgage options and potentially seek out a new deal. It’s a step that could cut your mortgage repayments by hundreds of pounds every month. Read on to find out what happens when a mortgage expires and how you could save money. When your…

Taking out a new mortgage is often a trigger for considering how you or your family would cope if you faced a financial shock. Yet, a report from Which? suggests that more than half of homeowners don’t have enough life insurance to protect them. If you took out life insurance, it would pay a lump…

Your relationship with money may play a huge role in how you handle financial decisions and your long-term security. Many factors affect your financial decisions, but you might be surprised by how much your childhood experiences still influence you today. The majority of parents recognise how important financial education is. Indeed, according to Nationwide, almost…

Remortgaging your buy-to-let property could save you money or provide you with a way to access equity. Taking some time to prepare before you apply to a lender may lead to you securing a deal that’s better for you. Read on to discover some of the steps you could take to prepare.  According to a…

If you or someone you know is saving a deposit to buy a first home, a Lifetime ISA (LISA) could be the key to reaching the milestone sooner. Yet, research suggests it’s a tool that many first-time buyers are overlooking. A survey reported by the FTAdviser found that, on average, first-time buyers with a LISA…

Figures from the Association of British Insurers (ABI) suggest a record number of families are taking out income protection to create a safety net. Read on to find out how income protection works and whether it could be valuable for you. Income protection would pay out a regular income if you were unable to work…