Government announces three-month mortgage holiday in Covid-19 package

Three-month Mortgage “Payment Holidays” offered by ALL lenders You may be aware that on March 17, Chancellor Rishi Sunak confirmed that anyone struggling financially as a result of the Coronavirus outbreak will be able to take a three-month mortgage holiday. A number of lenders had already announced repayment holidays for those affected by Covid-19, but […]

Life Insurance NI

What is life insurance?  Life insurance (also known as life assurance or life cover) is a simple concept, it is a financial product that lets you leave money for your family or beneficiaries when you die. It’s not a new concept either, the earliest forms of life insurance date back to ancient Rome where ‘burial […]

Importance Of Mortgage Advice

Introduction: For most of us, getting a mortgage is one of the biggest financial commitment we will make, so it’s important to get it right. Many of us will get advice from multiple sources before buying a new mobile phone, TV or car, yet do we invest a proportionate amount of time into mortgage advice […]

Business Protection Northern Ireland

Introduction: It’s a fact that Small and Medium Enterprises (SME’s) form the backbone of the UK economy with 99% of the 5.4 million businesses in the wider UK being SME’s. In Northern Ireland, the latest 2019 figures show there is over 124,000 small and medium-sized business across the country. Yet research from Legal & General […]

Mortgage And Insurance Terminology

Mortgage & Insurance Dictionary Here at Mortgage Solutions, we are constantly striving to ‘Make Mortgages Easy’. In a market place that is rife with abbreviations and acronyms, cutting through the confusing terminology is paramount to be able to give you the right advice for your circumstances. Our experienced Mortgage Advisers always endeavour to give clear […]

What Is A Retirement Interest Only Mortgage?

What is a Retirement Interest-Only Mortgage? Retirement Interest-Only Mortgages (RIO’s) are a fairly recent type of mortgage, similar in principle to the standard interest-only mortgages but with some key differences with the older population in mind (50-55+ age group). Historically, older borrowers have struggled to obtain regular residential mortgages, however with the average person living […]

The Importance Of Insurance For Renters

Protecting The Renter Market Renting has been on the rise for many years now and indications predict that this trend is set to continue. In fact, over the past decade, the UK rental market has doubled. One of the largest factors in this rise has been the increase in the cost of a property relative […]

What Is Equity Release?

What Is Equity Release? Equity release is an increasingly popular way for homeowners over the age of 55 to release tax-free cash from their homes, without having to move or sell their property. For homeowners in, or approaching retirement, the schemes allow you to boost your finances with either a tax-free lump sum or a […]

Why Income Protection Is Important

What Is Income Protection? Income Protection is an insurance policy designed to provide financial support if you cannot work because you are ill or injured over a long-term period of time. It offers a regular income until you are able to return to work or even retire. Income Protection is different from critical illness insurance […]

Shared Ownership Schemes Northern Ireland

If you have found the perfect home that meets all of your needs, but it is just out of reach of your financial situation, all may not be lost. There are two schemes currently running in Northern Ireland to help first-time buyers get on to the property ladder, Co-Ownership and FairShare. There can be help […]

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