The latest from Tim
Budgeting Loans and Budgeting Advances Explained
If you’re claiming certain benefits but need help with covering an essential cost, you might be eligible for either a budgeting loan or a budgeting advance from the Department for…
How to Release Equity to Buy A Second Home
You can borrow against your current property to buy a new one either through remortgaging or by taking out equity release.
How to Remortgage to Release Equity
Remortgaging to release equity allows you to raise funds by accessing some of the value that’s built up in your home.
Is it Better to Rent or Buy?
Both renting and buying a home have pros and cons. The right option for you will depend on your circumstances and financial goals.
State Pension Triple Lock Explained
The triple lock protects the income that retirees receive through the state pension from inflation. Usually payments increase in line with the highest of either earnings, Consumer Prices Index inflation,…
Pension Tracing: How to Find Old or Lost Pensions
Finding an old pension can give your retirement income a welcome boost. What you need to do to trace it will depend on how much you remember about your lost…
95% Mortgages: Getting a Mortgage With a 5% Deposit
95% mortgages only require you to have a 5% deposit. They are mainly used by first-time buyers, and sometimes by existing homeowners who are looking to move or remortgage but…
What is a Lifetime Mortgage?
A lifetime mortgage is an equity release scheme that allows you to access some of the wealth you have tied up in your home. With a lifetime mortgage you can…
What is a Second Charge Mortgage?
A second charge mortgage allows homeowners to borrow against the equity in their property while still having an existing mortgage. These mortgages usually have higher interest rates than a standard…
What is a Let-to-Buy Mortgage?
A let-to-buy mortgage allows you to buy a new home and let out your existing property to bring in extra income. It can be useful if you can’t or don’t…
Bridging Loans Explained: How do Bridge Loans Work?
A bridging loan can act as a bridge between the sale of one property and the purchasing of another. It is a short-term option that helps bridge a financial gap…
How to Defer Your Pension
If you are not ready to retire, want to build more retirement savings, or simply don’t need to claim your pension yet, you may want to defer taking your pension.…
What is a Final Salary Pension, and How do Defined Benefit Pension Schemes Work?
A final salary pension, or defined benefit pension scheme, is a type of workplace pension that will pay you a retirement income for life. The amount you will receive in…
House Equity: What Is It and Why Does It Matter?
House equity is the difference between the market value of your home and the amount you owe on your mortgage and secured loans. So it’s how much you own of…
What Negative Equity Means & What You Can Do
Negative equity means the value of your home is less than the amount you still owe on your mortgage. While this can make it difficult to remortgage or move house,…