Offset mortgages, a smart way to grow your wealth
When it comes to buying a home, one of the biggest financial commitments you will make in your life, there are various options for financing your purchase. One such option is an offset mortgage. Fairstone mortgage adviser, Mark Alexander, explores what an offset mortgage is, why it could be an option for you, and how […]
Bank of England increase base rate
On Thursday 22 June 2023, the Bank of England increased the base rate from 4.5% to 5%. What is the base rate and why does this matter? The base rate, set by the Bank of England’s Monetary Policy Committee, is the rate they charge other banks and lenders when they borrow money. It is the […]
Secure your mortgage now against potential interest rate hikes
Protecting yourself against any further potential increases in interest rates As the market prepares for the Bank of England’s decision on raising the base rate, or not, now is the time to seek advice on your mortgage. At this time, when there is uncertainty about future economic conditions, it’s important to understand what your options […]
Offset mortgages – an option worth considering
When it comes to buying a home, one of the biggest financial commitments you will make in your life, there are various options for financing your purchase. One such option is an offset mortgage. Fairstone mortgage adviser, Mark Alexander, explores what an offset mortgage is, why it could be an option for you, and how […]
Mortgage overpayments – a long-term investment in your future
Overpaying on your mortgage now could be the key to happiness in later years. In Fairstone’s latest client survey, respondents were asked: “What financial tip/piece of advice would you give your younger self?”, interestingly the results show that mortgage overpayments was one of the most common themes. A mortgage is a significant financial commitment, and […]
Growing wealth held in property
Importance of the role of property wealth in retirement planning Property wealth can play an important role in a retirement strategy, providing a source of income and capital growth, and this has been highlighted in new research which has revealed the increasing importance of the role of property wealth in retirement planning[1]. The research looked […]