Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
Having a mortgage protection insurance policy in place means that help is always at hand, should you need it. The last 12 months have been living proof that none of us know what’s around the corner. Life can change direction at the drop of a hat and our jobs and livelihoods aren’t guaranteed, making us financially vulnerable.
Even if you are pretty clued-up about the mortgage market, you might be missing a trick by going straight to your bank. We are here to help you find the best mortgage for your circumstances. Serious about service and sourcing the best possible outcome, we are people who know about mortgages, not mortgage people. Skyline Mortgage Consultants are a member of the Society Of Mortgage Professionals.
The UK’s long rise in house prices means that a large proportion of homeowners’ wealth is sunk into their property, and is therefore inaccessible. If you are over 55, equity release can be a sensible and practical way of releasing funds from your home. But it is a decision best made with professional advice, as it is a big step to take.
