What life insurance is best for your joint mortgage?

Posted on Wednesday 9th of January 2019

buying_a_house.pngWhen you take out a mortgage we would always recommend you take out appropriate life insurance too, so that you know your monthly mortgage payments are covered if things go awry.

If you’re buying on your own, a single life insurance plan will probably do the trick, but if you’re going into joint property ownership, a joint plan may be more appropriate. So, which is best for you?

Property ownership

When it comes to joint ownership, there are two main types:

1. Joint Tenant

Where both individuals each own 50% of the property and have equa...

Is your Help to Buy deal ending?

Posted on Wednesday 2nd of January 2019

HtB_RGB_GOV-e1527250848796-993x1024.jpgSince its launch in April 2013 more than 145,000 properties have been bought using the Help to Buy Equity Loan scheme. Five years on and the interest-free element of the loan is due to end, with homeowners potentially facing expensive fees.

The Help to Buy Equity Loan scheme was aimed at helping more first-time buyers onto the housing ladder; they just needed a 5% deposit and 75% mortgage. The remaining 20% came as a loan from the government and was interest free for the first five years.

Swap to a new mortgage deal

If your property has i...