What You Need to Know About Mortgages Owning a second home or a holiday let has become a popular aspiration for many people in the UK. Some dream of a bolthole by the coast, while others see holiday rentals as a way of generating extra income. But when it comes to financing these properties, the mortgage process is not the same as buying your main home. Here is what you need to know if you are considering taking this step. Second Home Mortgages A second home mortgage is used when you want to buy another property for your own use, rather than to rent out. This might be a weekend cottage, a city apartment for work, or a future retirement home. Key points to be aware of: Higher deposits : lenders often require a larger deposit, sometimes 25% or more. Stricter affordability checks : you will need to show you can cover both your existing mortgage and the new one. Stamp Duty : You’ll usually have to pay 5% on top of SDLT rates if buying a new residential property means you’ll own more than one. Holiday Let Mortgages If the plan is to rent out the property to holidaymakers, you will need a holiday let mortgage, which is different from both residential and buy-to-let products. Lenders typically require: Proof that the property is a genuine holiday let (furnished and available for letting a minimum number of days per year) A higher deposit, often 25–30% Evidence of expected rental income to support affordability Holiday let mortgages are assessed differently from standard buy-to-lets because the rental income is often seasonal and can fluctuate. Potential Benefits Extra income : renting out a holiday property can generate a useful revenue stream Personal use : you can also enjoy the property yourself outside of rental periods Capital growth : second homes and holiday lets may increase in value over time Challenges to Consider Running costs : cleaning, maintenance, insurance, and managing bookings can all add up Tax implications : second homes and furnished holiday lets are taxed differently, so it is important to understand the rules before committing Market risk : rental income may vary depending on location, demand, and the economy Holiday Lets vs Buy-to-Let It is important not to confuse holiday lets with buy-to-let properties. Buy-to-let mortgages are for longer-term rentals, while holiday let mortgages are for short-term stays. Using the wrong mortgage type could breach the lender’s terms and create problems later. Final Thought Whether you are looking at a second home for yourself or a holiday let to rent out, the mortgage process is more complex than for a main residence. Lenders have stricter requirements, and there are extra costs to consider. Getting professional advice before making a decision is always a good idea, especially as tax rules and lending criteria can change. For more information, please get in touch .   The FCA does not regulate some forms of Tax planning, Buy to let mortgages and Holiday Let Mortgages.   We provide mortgage advice only. For guidance on tax matters, we recommend consulting a qualified tax adviser.

Mortgages can feel complicated, and with so much information online, it is easy to pick up half-truths or outdated advice. Unfortunately, believing some of the common myths around mortgages could mean missing out on opportunities or paying more than you need to. Here are a few of the biggest misconceptions we hear, and the reality behind them. Myth 1: You Need a Huge Deposit to Buy a Home Many people believe you need at least 20% saved up to get a mortgage. While a bigger deposit often gives you access to better rates, some lenders will accept as little as 5%. Government-backed schemes and specialist products also exist to help first-time buyers with smaller deposits. Myth 2: If You’re Self-Employed, You Can’t Get a Mortgage Being self-employed can make the process a little different, but it does not stop you getting a mortgage. Lenders will usually ask for two or three years of accounts or tax returns to show your income is reliable. A good broker can help present your finances in the best way. Myth 3: Once You Get a Mortgage, You’re Stuck With It Many people think that once they have a mortgage, they are tied in for the full term. In reality, lots of borrowers remortgage when their fixed rate ends, or even earlier if it makes financial sense (though early repayment charges may apply). Remortgaging can reduce monthly costs if better deal is available or release funds for home improvements. Myth 4: All Mortgage Lenders Offer the Same Deals Not true. Lenders have different criteria and rates, and they change frequently. The product that suits one person may not work for another. Comparing across lenders, or working with an adviser who has access to a broad range of products, can open up better options. Myth 5: Your Credit Has to Be Perfect A less-than-perfect credit score does not necessarily mean you will be declined. Some lenders specialise in helping people with credit issues, though rates may be higher. Building up your credit profile by paying bills on time and reducing outstanding debt can improve your options. Why Believing Myths Costs Money These myths matter because they can put people off applying for a mortgage, delay homeownership, or stop them from finding a product that suits them. In some cases, borrowers stay on higher rates longer than necessary because they do not realise there may be better choices. Mortgages do not need to be confusing, but misinformation can make them seem more daunting than they are. By separating fact from fiction, you can make more informed decisions and avoid paying more than you should. For more information, please get in touch .

Divorce, Redundancy, and Retirement Life rarely stands still. Relationships change, careers take unexpected turns, and eventually retirement comes into view. While these moments can bring challenges, they also raise important questions about your mortgage. Understanding how life changes affect your borrowing can make the difference between feeling stuck and feeling in control. Divorce and Separation Divorce is one of the most stressful life events, and dealing with a mortgage on top of it can feel overwhelming. If both partners are named on the mortgage, you are both responsible for repayments until the lender agrees otherwise. Options often include: Selling the property and using the proceeds to clear the mortgage One partner buying out the other’s share (subject to affordability checks) Switching the mortgage into one person’s name if the lender agrees It is important not to stop making payments while decisions are being made. Missed payments can harm both parties’ credit records and limit future options. Redundancy and Loss of Income Losing a job or experiencing a sudden drop in income is another situation where mortgage worries can rise quickly. If this happens, it is best to contact your lender as soon as possible. Many lenders have policies to support borrowers in financial difficulty, such as: Temporary payment holidays Reduced payments for a set period Extending the mortgage term to lower monthly costs Speaking to a mortgage adviser can also help explore whether switching products or restructuring the loan could ease the pressure. Retirement and Mortgages Mortgages used to be thought of as something to clear before retirement, but more people now carry borrowing later into life. Lenders have adapted, with products designed specifically for older borrowers, including: Retirement Interest-Only (RIO) mortgages, where you pay interest each month and repay the loan when you sell the property, move into long term care or pass away Lifetime mortgages , which allow you to release equity from your home, with loan being repaid after death or entry into long-term care These products are not for everyone, but they can provide flexibility for people who want to stay in their homes while managing finances in retirement. Taking Control During Change The common thread with all major life events is that ignoring the situation makes things harder. Acting quickly, being open with your lender, and seeking advice gives you the widest set of options. Keep making payments if you can Contact your lender early - most will want to help Seek expert advice before making big decisions Remember that mortgage solutions do exist for complex situations Divorce, redundancy, and retirement are big moments that affect more than just your personal life. They can reshape your financial picture too. Mortgages do not need to add to the stress. By understanding your options and asking for advice, you can find solutions that fit your changing circumstances. For more information, please get in touch . For Equity Release we act as introducers only

What They Are and Why They’re Growing in Popularity When it comes to mortgages, most people focus on interest rates, monthly repayments, and how much they can borrow. But over the past few years, a new type of product has been making its way onto the market: the green mortgage. These mortgages are designed to encourage more energy-efficient homes, and lenders are increasingly offering them as part of their product range. If you have heard the term but are not sure what it means, here’s a simple overview. What Is a Green Mortgage? A green mortgage is a product where the lender offers a better rate or incentive if the property meets certain energy efficiency standards. This usually means the home needs a good Energy Performance Certificate (EPC) rating, often A or B, though some lenders might accept C. Some lenders also offer incentives for borrowers who make improvements to raise their home’s EPC rating. This could include cashback or discounted rates once the work is complete. Why Lenders Offer Them Banks and building societies are under pressure to consider environmental impact as part of their lending. By encouraging borrowers to buy or improve energy-efficient homes, lenders can show they are supporting sustainability targets. It also makes sense from a financial perspective. Homes with better energy efficiency usually cost less to run, which can reduce the risk of borrowers struggling with bills. Why Homeowners Are Interested For buyers and homeowners, green mortgages are appealing for a few reasons: Lower costs : improved rates or cashback incentives can make borrowing cheaper. Energy savings : efficient homes use less energy, meaning lower monthly bills. Future-proofing : regulations are moving toward greener housing, so owning an efficient property could protect long-term value. Environmental impact : many people simply want to reduce their carbon footprint. Are There Any Downsides? While the idea sounds positive, green mortgages are not suitable for everyone. Some points to consider include: Not all properties qualify, especially older homes. The good rates might be reserved for already-efficient homes. Making improvements to qualify can require significant upfront costs. Availability is still limited compared to standard mortgages. That said, for buyers looking at new builds or owners planning energy upgrades, it may be worth exploring whether a green mortgage is available. Examples of Incentives Different lenders offer different benefits, but examples include: Cashback once energy improvements are verified Lower interest rates for homes with high EPC ratings Discounted rates for new-build properties that already meet high standards Because products vary, it is always important to check the details carefully and get advice before making decisions. Green mortgages are a growing part of the market, reflecting both environmental concerns and the push for more sustainable housing. While they may not be right for everyone, they could be worth looking into if you are buying a new build or planning improvements to make your home more energy efficient. For more information, please get in touch .

When people hear the words “mortgage adviser,” they often imagine endless spreadsheets, piles of paperwork, and conversations that start and end with interest rates. And yes, I do spend a fair chunk of time dealing with numbers and forms. But what people don’t realise is how much else comes with the job. Over the years, I’ve learned that being a mortgage adviser has as much to do with people, personalities, and everyday life as it does with financial products. In fact, some of my favourite lessons from this work have nothing to do with mortgages at all. 1. Everyone has a different definition of ‘tidy’. I’ve been welcomed into homes where the owners apologised profusely for the “mess” even though their living room looked ready for a magazine photoshoot. I’ve also stepped carefully through Lego battlefields, unfinished jigsaw puzzles, and the occasional pet enclosure. What I’ve learned is that “messy” is entirely in the eye of the beholder, and nine times out of ten, people apologise when there’s no need. 2. Tea is a serious business. If you ever want to learn more about someone, ask how they take their tea. I’ve met people who want it so strong the spoon stands upright and others who prefer a delicate shade of beige that barely qualifies as tea at all. Don’t even get me started on the biscuit debates: dunkers versus non-dunkers is a hill many are willing to die on. These small rituals are what make meetings memorable, and I’ve learned that tea (and biscuits) are as much about comfort as refreshment. 3. Dogs make the best office colleagues. I’ve never had a bad day when a dog has been part of a meeting. From the overly enthusiastic spaniel who insisted on sitting on my shoes to the Labrador that thought my paperwork was an excellent chew toy, dogs add something special to the process. They break the ice, lighten the mood, and remind everyone that life is bigger than whatever’s on the form in front of us. Suits can be dry cleaned, paw prints are worth it. 4. Moving house is emotional. People often think of moving as a purely practical step, but it’s much more than that. I’ve seen first-time buyers who could hardly sit still with excitement, young families buzzing about gardens and bedrooms, and people downsizing after decades in a beloved home. Behind every transaction is a story, and it’s those stories that make my work so meaningful. 5. Everyone has a hidden story. Some of the most interesting parts of my job have been conversations that had nothing to do with money at all. I’ve spoken to clients who turned out to be amateur historians, marathon runners, world travellers, or talented musicians. Sometimes, a chat about hobbies or life plans is the highlight of the day, and it’s a reminder that there’s always more to people than meets the eye. 6. People are brilliant. At the end of it all, what makes this job so rewarding is the people I meet. Mortgages may be the reason I’m there, but it’s the laughter, the conversations, and the small glimpses into people’s lives that stay with me. From tea debates to Lego landmines, from wagging tails to moving life stories, it all adds colour and meaning to the work. So yes, I work with mortgages. But the truth is, being a mortgage adviser is about much more than numbers. It is about people. And that is the part of the job I would not trade for anything.

When the weather is warm, buyers are drawn to properties that make outdoor living easy. The top summer upgrades include: Swimming pool  – Adds an average of 1.82% to a property’s value, or about £5,900  on a £324,000 home. South-facing garden  – Increases value by around 1.8% or £5,800 . Outdoor entertainment space  – A patio, deck, or built-in BBQ area can add 1.66% or £5,300 . Air conditioning  – Becoming more desirable, worth around 1.52% or £4,900 . Balcony  – Adds about 1.24% or £4,000 . Combined, these features could raise a home’s value by over £26,000 . However, consider the costs before investing. A swimming pool, for example, can cost between £80 and £250 a month to maintain, according to Checkatrade, not including chemicals, water, or electrical checks. Winter Features That Make a Difference Selling in colder months? Comfort and energy efficiency matter most. Features that add the most value include: Wood-burning fireplace  – Adds 1.41% or £4,500 . Good insulation  – Adds around 1.4% or £4,500 . Underfloor heating  – Increases value by 1.23% or £4,000 . Double glazing  – Adds about 1.05% or £3,400 . Range-style cookers  – Such as an Aga, worth about £3,300 . Altogether, these features can increase a property’s value by nearly £20,000 . But remember to weigh up installation costs. For example, fitting a wood-burning stove can cost around £2,950, plus extra for a chimney flue if needed. Extensions and Additional Space If you want to see a major jump in value, adding space is the most effective route. According to Sources: A kitchen extension  can add 5% to 8% to the value. A loft conversion  can boost value by up to 20%. Adding an extra bedtoom  can increase the value by around 14%. Building an annexe  could raise the price by as much as 30%. These are costly projects, but in many cases, they deliver strong returns when you come to sell. Energy Efficiency and Gardens With rising energy costs and environmental awareness, green features are increasingly popular. Installing solar panels can add between 4% and 14% to a home’s value, according to Checkatrade. A well-kept garden can also add up to 10%, especially if you include features like a pergola, seating area, or pond. In urban areas, outdoor space remains a premium selling point. What Buyers Value Most While luxury features like swimming pools and air conditioning may look appealing, practical upgrades often bring the best return. Buyers want homes that are energy-efficient, low-maintenance, and comfortable all year round. Kerb appeal also matters, so keep the exterior tidy and welcoming. Before starting any project, consider your budget, timeline, and whether the improvement aligns with your selling plans. Some upgrades make sense if you intend to stay for a few years, while others are only worth it if you are selling soon. If you are considering upgrades or want to discuss changes to your mortgage, please get in touch .

If you’ve been keeping an eye on your savings account lately, you might have noticed something disappointing. Interest rates on easy access accounts are slipping, and fast. Recent analysis shows that variable savings rates have fallen to their lowest level in two years. At the same time, renters continue to face rising costs, despite a slight slowdown in rental inflation. For anyone trying to balance saving and living costs, it’s becoming a real challenge. Savings Rates at a Two-Year Low The average easy access savings rate has dropped from 3.11% in July last year to 2.68% today, the lowest since mid-2023. Easy access ISAs have followed the same pattern, now averaging just 2.92%, down from 3.32% a year ago. This downward trend follows several cuts to the Bank of England base rate, which now sits at 4.25%. Despite this, almost 90% of savings accounts are paying below the base rate. If you want your money to work harder, you need to shop around. While easy access accounts are convenient, they’re no longer competitive. Notice accounts, which require advance notice (typically 90 days) before withdrawals, currently pay around 0.94% more on average than easy access products. Fixed-rate bonds are also making a comeback. The average one-year bond now pays 4.03%, while longer-term bonds average 3.91%. These figures represent the first increase since April. The trade-off is flexibility because you usually can’t access your money during the term, but if you don’t need immediate access, the higher rates are worth considering. It’s also important to check for introductory bonus rates. Some providers offer attractive short-term deals to draw in new customers, but these can drop significantly after the bonus period ends, leaving you with a much lower return. Rents Continue to Rise Despite Slowing Inflation While savers deal with falling returns, renters are still feeling the squeeze. Recent data shows average private rents in the UK rose by 6.7% in the year to June, bringing the average monthly cost to £1,344. Although this represents a slight slowdown from previous months, rents remain significantly higher than pre-pandemic levels. In England, the average rent is now £1,399, while in Wales it’s £804 and Scotland £999. Northern Ireland recorded an increase of 7.6%, with average rents hitting £852. London remains the most expensive region by far, with average monthly rents of £2,252, despite inflation slowing slightly. The North East saw the highest percentage increase at 9.7%, although rents there remain the lowest in England at £734. The imbalance between supply and demand in the rental market continues to drive up prices. The lack of available properties, combined with rising costs for landlords and regulatory changes, has deterred new investment in the sector. Without an increase in rental supply, pressure on prices is likely to persist. What Can You Do? For savers: Regularly review your accounts and compare rates. Consider notice accounts or fixed-term bonds if you can lock your money away for a set period. Watch for temporary bonus rates and note when they expire. For renters: If you’re renewing your tenancy, consider negotiating where possible. Explore whether fixing your rent for a longer period could offer more stability. Stay informed on housing policies that might affect the rental market. With savings returns falling and rents staying high, careful planning is essential. Regularly reviewing your options can help you make the most of your money, whether you’re saving for the future or managing day-to-day living costs. If you are unsure about taking out a mortgage, please get in touch.

Imagine this: last year your home insurance was £300. This year, the renewal quote lands in your inbox and it’s over £3,000 . No claims, no major changes to your property. What’s going on? That’s exactly what happened to a 91-year-old homeowner as reported in Which?. When they queried it, the insurer blamed age and the fact they now lived alone. Both can affect risk, but do they justify a tenfold increase? Highly unlikely. Here’s the truth: you might have been hit with what’s known in the industry as a “go away quote” . Some insurers, rather than refusing to insure you outright, will throw out a price so high they expect you to walk away. It’s not great practice, but it happens, especially when risk models change. What should you do if it happens to you? Don’t panic and don’t just accept it.  Shopping around is key. Comparison sites can help, but they’re not perfect.  If your details mean you’re hard to match (for example, age or property type), you may need extra help. Speak to a broker.  They often have access to specialist insurers and can find a fair price. In this case, the homeowner secured a new policy for under £500, a far cry from £3,000. Why this matters now Home insurance costs have been rising across the board, driven by inflation in building costs and weather-related claims. But a 900% hike? That’s not the market average, that’s a red flag. My advice If you’re facing a big renewal increase, get in touch before you sign anything . As a mortgage and protection adviser, I regularly help clients review their insurance options. I can guide you on where to look, what’s reasonable, and how to avoid overpaying. Don’t get stung by an inflated quote. Message me if you need some help. Your home may be repossessed if you do not keep up repayments on your mortgage. This is for information only and not financial advice. Always speak to a qualified adviser before making decisions. Your home may be repossessed if you do not keep up repayments on your mortgage. For Buildings & Contents Insurance we act as introducers only

Selling a home can be stressful in any market, but when conditions are less than ideal, it can be even more frustrating. If your property has been listed for a while with little interest or no offers, it may be time to step back and reassess your approach. There are several key reasons your property might not be selling, along with practical strategies to improve your chances of getting that all-important offer. 1. Price Realistically, Not Optimistically Price is often the number one reason a property fails to attract offers. In a slower market, buyers are more price-sensitive and have access to more listings. If your home is priced higher than similar properties in the area, you may be missing out on serious interest. Compare recent sale prices of similar homes in your postcode. Ask your agent for updated valuations based on current market activity. Consider reducing the asking price to re-engage interest. Even a small price drop can trigger new viewings. 2. Reassess Your Marketing Strategy Sometimes, it's not the property itself but the way it's being presented. Poor photographs, bland descriptions or limited advertising exposure can all impact the visibility and appeal of your home. Invest in high-quality, professional photos. First impressions count. Make sure your listing is featured on major portals such as Rightmove and Zoopla. Update the property description to highlight key features, recent upgrades or lifestyle benefits. Use social media and local groups to extend your reach. 3. Improve Kerb Appeal and Presentation Buyers form opinions within seconds of arriving. If the outside looks unkempt or the inside feels dated or cluttered, they may struggle to see the potential. Tidy the garden, repaint the front door and fix any visible defects. Clear away clutter, depersonalise and give each room a clear function. Consider repainting walls in neutral tones to make the space feel fresh and welcoming. 4. Be Flexible With Viewings Inconvenient viewing times or limited access can discourage prospective buyers, especially if they work full-time or are viewing multiple properties in one day. Offer a range of viewing slots, including evenings and weekends. Allow your estate agent to manage viewings on your behalf. Avoid being present during viewings to give buyers the freedom to explore. 5. Get Honest Feedback – And Act on It Feedback is a powerful tool. If viewers consistently raise the same issues, it’s important to take those concerns seriously. Ask your agent for detailed post-viewing feedback. Identify common themes and consider addressing them where possible. If buyers are mentioning a lack of storage, for example, look for ways to show how the space can be better utilised. 6. Consider Incentives In a competitive market, a small incentive can make your home stand out. Buyers are often stretched financially and appreciate anything that can reduce their upfront costs. Offer to include appliances, furniture or pay for the buyer’s legal fees. Be open to negotiating on completion dates or offer to cover the cost of a survey. 7. Work With the Right Agent If your home has been listed for a while with little progress, it may be time to evaluate your estate agent. Some agents overpromise to win instructions but fail to deliver on marketing, communication or negotiating. Look at how your agent is promoting your property compared to others in their portfolio. Ask how often they are updating their strategy or speaking with interested parties. If needed, consider switching agents – a new agent can bring fresh energy and ideas. Final Thoughts Selling in a tougher market requires more than simply listing your property and waiting. The right pricing, presentation and strategy are essential. While the process might take longer than expected, taking a proactive and flexible approach can make all the difference. Let’s get your sale moving in the right direction. Additionally, for mortgage advice, please feel free to contact me .

A mortgage offer is a crucial step on the path to buying a home. Once you have it in hand, everything starts to feel real. But what happens if there are delays? What if your mortgage offer runs out before the property transaction completes? This scenario is more common than many buyers realise, especially when there are long chains involved, issues during conveyancing, or delays with new build properties. Here is what you need to know if you're facing this situation. Understanding the Validity Period Most mortgage offers are valid for a set time period. Typically, lenders offer a validity window of between three and six months. The exact period will vary depending on the lender and the type of mortgage you have applied for. If your purchase is progressing slower than expected, the first thing to do is check your offer's expiry date. This should be outlined in the formal documentation you received when the lender approved your mortgage. What Happens When It Expires? If your mortgage offer expires before completion, you will generally need to reapply. This means another round of paperwork, credit checks, and affordability assessments. If your financial situation has changed in the interim, this could impact your ability to secure the same mortgage terms. Additionally, there is a chance that the lender's mortgage products may have changed. Rates could have increased, or criteria might have tightened, meaning you might not get the same deal again. Can You Get an Extension? In many cases, yes. Some lenders are willing to offer extensions, particularly if your situation has not changed and the delay is clearly outside your control. Extensions can range from a few weeks to several months, depending on the lender. To apply for an extension, contact your lender or broker as soon as you know there may be a delay. The earlier you raise it, the more likely the lender will accommodate your request. Be prepared to provide updated documentation and an explanation of why the extension is needed. What to Do If You Need to Reapply If an extension is not possible, you will need to go through the application process again. This can be frustrating, especially if you thought you were nearly there, but taking action quickly can help you stay on track. Work with your mortgage adviser or broker to gather updated documents and check if any circumstances have changed that might impact your eligibility. You will want to secure a new offer as soon as possible to avoid holding up the chain or risking the seller pulling out. Avoiding Expiry Issues in the Future To avoid finding yourself in this situation again, there are a few proactive steps you can take: Keep your mortgage adviser updated on the progress of your purchase. Regularly check in with your solicitor to ensure there are no hidden delays. If your purchase is taking longer than expected, flag this to your lender in advance. A mortgage offer expiring is not the end of the road, but it can complicate your plans. With preparation and good communication, you can minimise disruption and keep your home purchase moving forward. For more information please get in touch .

Getting on the property ladder is tough, especially with rising house prices and different deposit requirements. That’s why more people are teaming up with friends, siblings, or even parents to buy a home together. While co-owning can be a smart way to make homeownership more accessible, it also brings with it a few important legal, financial, and personal considerations. If you're thinking of buying a property with someone else, here’s what you need to understand before signing on the dotted line. Why Buy With Someone Else? For many first-time buyers, affordability is the main motivation. Sharing the cost of a deposit, mortgage repayments, and household bills can make owning a home more manageable. You might also be able to afford a larger or better-located property when combining your borrowing power. For parents, helping a child onto the ladder might involve jointly buying a home rather than gifting a deposit. Similarly, couples who aren’t married may look to co-own a property to avoid relying on one person’s name or income. Whatever your reason, it’s important to approach co-ownership like a business deal. Clear expectations and legal protection are essential from the start. Choosing the Right Ownership Structure In the UK, there are two main ways to own property with someone else: as joint tenants or tenants in common. Joint Tenants : This is often used by couples. Both parties own the whole property equally. If one person dies, the property automatically passes to the other. However, you can’t leave your share to someone else in a will, and if you split, the equity is typically divided 50/50, regardless of individual contributions. Tenants in Common : This structure allows each person to own a specific share of the property. These shares don’t have to be equal. You can also leave your share to someone else in your will. This option offers more flexibility and is often better suited to friends, siblings, or parents co-owning with children. Discuss the pros and cons with your solicitor to decide what works best for your situation. Get a Deed of Trust A Deed of Trust (also called a Declaration of Trust) is a legal document that outlines how much each person owns, what happens if someone wants to sell, and how money will be divided if the property is sold. It can also cover things like how bills and maintenance costs are shared, and what happens if one person wants to move out. This isn’t a legal requirement, but it is highly recommended. It provides clarity, helps prevent disputes, and protects each person’s investment. Consider the Risks Buying property with someone else means your finances are tied together. If one person loses their job, struggles with payments, or wants to sell before you’re ready, it can impact you both. Here are a few risks to consider: You are both jointly liable for the mortgage. If one person stops paying, the lender can chase the other for the full amount. A change in personal circumstances, like a relationship breakdown or job relocation, could force a sale. If one person wants to remortgage or release equity, you’ll need to agree on the decision together. Having those conversations early on, even if they’re awkward, can save a lot of problems down the line. Think About the Future Before buying together, think long term. What are your plans if one person wants to move on in a few years? Will you sell the property, buy them out, or let the home and share the income? It’s a good idea to have a written agreement in place for potential exit strategies. This could be part of the Deed of Trust or a separate document. You should also review your plans every few years to make sure everyone is still on the same page. Legal and Financial Advice is Key Always speak to a solicitor before co-purchasing a property. They can explain your rights, help you decide on ownership structure, and draw up the appropriate legal documents. A mortgage broker can also help you find a lender that accepts co-buyers, especially if you're not a couple. Make sure you’re all clear on what you’re committing to. Buying a home is a huge step. Doing it with someone else can be a great option, but it needs to be handled carefully. Please get in touch in you would like to discuss a mortgage.

You’ll often hear that people are leaving cities for a quieter life. That they want green space, a garden, or more room to breathe. And while that's true for some, it’s not the whole story. People move for all sorts of reasons. Not always big dramatic ones, sometimes it’s just that life changes, and where you live no longer fits how you live. A change in pace Yes, some are stepping away from city life. Tired of the noise, the commute, the sense of always being “on.” They want calm, a spare room, maybe a dog. For them, the shift is about slowing things down. Family first Others move because their family situation changes. They need to be nearer to parents or schools or support. Maybe they’ve separated, downsized, or found a partner and are blending families under one roof. What worked five years ago doesn’t work now, and that’s normal. Making things add up Sometimes it’s purely financial. Rents go up. Mortgages renew at higher rates. The numbers just don’t stretch the way they used to. A move becomes not just practical, but necessary. Working differently Remote work has opened new doors. People aren’t always tied to a commute or a city postcode. That’s shifted the goalposts. They can choose where to live based on what feels right, not just what’s close to the office. Coming back in And for some, the move is in the other direction. After years away, they’re coming back to the city. To be closer to the action, to friends, to culture. Especially younger buyers looking for their first place, they’re not after quiet suburbs, they want life on the doorstep. In fac,t I spoke to a cabbie recently who said he'd moved back to London from Somerset because his mother was getting old and he wanted to be near his children - to be fair it was clear his heart was still in the calmer pace of Somerset! No one-size-fits-all There’s no single reason why people move. It’s not always about space or cost. Sometimes it’s just time for a change. And where you live should work for the life you’re living, not the one you used to have.