May 23, 2025
At Riviera Mortgages, we know that buying a home is one of the biggest financial decisions you’ll ever make. But just as important as securing the right mortgage is protecting your ability to keep it. That’s where personal protection insurance comes in — offering peace of mind that your home and loved ones are financially secure, even if life throws you an unexpected challenge. What Is Personal Protection Insurance? Personal protection insurance refers to a range of policies that provide […]
April 25, 2025
Whether you’re exploring ways to supplement your income, planning for retirement, or looking to diversify your investment portfolio, purchasing a property to rent out can be an attractive option. However, investing in a rental property involves specific considerations, especially when it comes to securing a Buy-to-Let mortgage. This blog will guide you through the essentials of Buy-to-Let mortgages in the UK, outlining what you need to know to make informed decisions. What is a Buy-to-Let Mortgage? A Buy-to-Let mortgage […]
March 24, 2025
When you’re entering the property market, whether as a first-time buyer or looking to remortgage, you’ll frequently encounter the term “Loan to Value” (LTV). Understanding what LTV means and how it impacts your mortgage options is crucial for making informed decisions. This blog breaks down the concept of LTV, explaining how to calculate it, why it’s important, and its implications on your mortgage application. What is Loan to Value (LTV)? The Loan to Value ratio is a critical financial term […]
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 […]