How long do mortgage offers last?

It is a huge relief when you receive your mortgage offer but, as we all know, life doesn’t always run smoothly. There can be all kinds of delays during the house buying process and it can be stressful worrying about your mortgage offer running out if unforeseen issues crop up. Note: A mortgage offer is […]

A helpful guide to releasing equity from your home

If you are a homeowner over the age of 55, you may be looking at ways you can substantially boost your bank balance, to give you more financial freedom with which to enjoy your later years. One way to do this could be to free some capital by downsizing your property, pocketing the difference as […]

A spotlight on equity release mortgages For most people, your home is by far the largest asset you own and, the older you get, the more likely you are to have paid off most, or all, of your mortgage, which leaves you sitting comfortably in a property that is probably worth hundreds of thousands of pounds. There are many reasons […]

Comparing equity release mortgages with retirement interest only (RIO) mortgages

Releasing cash from your property is a popular choice for many over 55’s who own their own home and would like to increase their disposable income in later life, giving them more financial freedom to enjoy holidays, carry out home improvements, splash out on a new car or help out family members. Traditionally, equity release […]

Saving for your mortgage deposit For almost 10 years before the pricing peak in July 2022, the UK had experienced uninterrupted growth in house prices due to high demand and a huge lack of supply.  Homebuyers purchasing properties at the peak of the housing boom in the summer of 2022 paid 14 per cent more than they would have […]

Mortgages for directors of limited companies

If you are a director of a limited company, you may have found that some mortgage brokers are not too sure about the specific details involved in applying for a mortgage, particularly regarding how they should interpret your income and profit.  Our experienced and knowledgeable team of mortgage brokers at PIL Southampton has successfully handled […]

The Advantages of Working with a Local Mortgage Broker

One of the most important aspects of the house-buying process is obtaining a mortgage offer. At that point, you can relax a little, assured that the bank will lend you what you need for the home of your dreams.  Here’s the catch.  Despite understanding how important the mortgage application process is, all too many buyers […]