February 28, 2025
Stepping onto the property ladder is an exhilarating journey, yet it comes with its share of complexities, especially concerning mortgage rates. At Riviera Mortgages in Torquay, we understand that the current landscape of mortgage rates in England can seem daunting. This blog provides a straightforward overview of what to expect from mortgage rates this year and offers expert advice to help first-time homebuyers navigate these waters confidently. Current Trends in Mortgage Rates Mortgage rates are influenced by various […]
February 8, 2025
As we are now getting into 2025, it’s more important than ever to focus on your financial health. One key aspect of ensuring long-term financial stability is regularly reviewing your mortgage rate and insurance costs. Given the fluctuating economic landscape, what worked for you last year might not be the best option now. This blog explores why it’s essential to periodically check these areas and how doing so can save you money and increase your financial security. The Importance […]
January 24, 2025
Preparing for the unexpected is a critical aspect of comprehensive financial planning. One essential step is ensuring that your life insurance and other key financial details are well-organized and accessible. This blog outlines how to establish a robust financial disaster recovery plan, with a focus on the importance of placing your life insurance in a trust. Understanding the Role of Life Insurance in Trust Placing your life insurance in a trust is an effective way to streamline the process […]
November 6, 2024
The recent Budget announcement has introduced significant changes to the stamp duty regime, particularly affecting those looking to purchase second homes or investment properties in the UK. Starting from 2024, the surcharge for second homes and additional properties has increased to 5%. This blog explores what these changes mean for potential buyers, second homeowners, and landlords, and how they could influence the property investment landscape. Overview of Stamp Duty Changes Stamp duty, a tax paid on property purchases, now […]
November 6, 2024
The latest budget announcement has brought several changes that directly impact first-time homebuyers in the UK. From adjustments in stamp duty thresholds to investments in affordable housing, these developments could significantly influence the affordability and availability of homes for new buyers. This blog breaks down what these changes mean for you if you’re looking to step onto the property ladder. Stamp Duty Changes One of the most notable changes is the adjustment of the stamp duty threshold. Previously, first-time buyers […]
October 15, 2024
For many homeowners, the prospect of paying off a mortgage early is both enticing and a smart financial move. Overpaying your mortgage can lead to significant long-term savings and a sense of financial freedom. But what does overpaying really mean, and how can it benefit you? In this blog, we’ll explore the advantages of mortgage overpayments and offer strategies to help you effectively reduce your mortgage term. What Are Mortgage Overpayments? Mortgage overpayments occur when you pay more than the […]
September 20, 2024
Life is full of uncertainties, and while we can’t predict the future, we can take steps to protect ourselves and our loved ones from potential financial setbacks. Personal protection insurance is designed to provide that safety net, ensuring that you and your family are covered when life’s unexpected events come knocking. Having the right protection in place is not just a financial necessity—it’s a way of securing peace of mind for the future. In this blog, we’ll explore why personal […]
August 15, 2024
Over the last few months we saw significant activity in both personal protection policies and the mortgage market. July has been a pivotal month for many of our clients, particularly in reviewing their personal protection plans and navigating the constant changes in mortgage rates. Here’s a detailed look at what’s been happening. Personal Protection Policy Reviews: A notable number of our clients took the opportunity to review their personal protection policies. It’s been eye-opening for many to discover that […]
May 7, 2024
If you’re keeping an eye on the property market, there’s interesting news on the horizon. Recent forecasts suggest a significant rise in house prices across the UK over the next few years, especially in Torquay. Details of the Forecast According to property experts at Savills, by the end of 2028, we can expect to see an average increase of 21.6% in property values across Britain. This is an update from their previous prediction of a 17.9% rise. For homeowners and […]
January 10, 2024
Now is a popular time for many to contemplate moving homes. Whether it’s the allure of a fresh start in the new year, the need for more space, or simply the desire for a change of scenery, moving can be an exciting prospect. However, it’s also a process that requires careful thought and planning. In this blog, we’ll explore the essential considerations you should make to ensure your move is as smooth and stress-free as possible. 1. Financial Planning Before […]