For the past few years, fixed-rate mortgages have been the preferred choice for many borrowers, offering certainty over monthly repayments during a period of rising interest rates. However, with expectations that the Bank of England may continue to reduce the base rate over time, tracker mortgages are once again attracting attention from homeowners, first-time buyers, landlords and those looking to remortgage. But is a tracker mortgage the right choice for you? What is a Trac

Property purchases don't always fit neatly into the timescales of a traditional mortgage. Whether you're buying at auction, renovating a property, purchasing before selling your existing home, or investing in a development project, there are times when speed is essential. This is where bridging finance can provide a practical solution. At Major Financial Services, we help clients understand whether bridging finance is the right option for their circumstances and source compet

For many people, buying a home is one of life's biggest milestones. It should be an exciting experience—but too often it's remembered for the delays, uncertainty and frustration that come with the process. From accepted offers falling through to unexpected legal issues and lengthy waiting times, it's no surprise that moving home is often considered one of the most stressful life events. The good news is that change could be on the horizon. The UK Government has announced prop

When people arrange a mortgage, protecting it is often part of the process. However, while your mortgage may be reviewed every few years, many people forget to review the protection policies that were put in place alongside it. Life doesn't stand still, and neither should your financial protection. Why Regular Protection Reviews Matter The cover that was right for you a few years ago may no longer meet your needs today. Since arranging your mortgage, you may have: Moved to a

Buying a home in the UK for first time buyers has become increasing harder over the past 5-10 years with house prices rising. And although that hasn’t slowed down, there has been a 5k deposit mortgage scheme introucted in the UK. In this blog, we’re going to cover everything, you, as a first-time buyer will need to understand before making this one of the biggest decisions of your life; your new home. ‍ What is the 5k Deposit Mortgage? The £5k deposit mortgage is designed to

You might have noticed that mortgage rates have been creeping up recently, even though the Bank of England hasn’t changed its base rate. So, why is this happening? The answer lies in something called swap rates — and recent global events, like the conflict in Iran, are having an impact. What Are Swap Rates? Most mortgages in the UK are offered on a fixed interest rate, usually for two, three, or five years. This means the rate you pay stays the same during that period. Lende

Buying a home is an exciting milestone, but it also comes with new responsibilities and important financial decisions. One of the most common questions we’re asked at Major Financial Services is: Do you need life insurance when getting a mortgage? The short answer is no, life insurance is not a legal requirement for a mortgage in the UK . However, while it isn’t compulsory, it can play a crucial role in protecting your home, your family, and your financial future. In this gu

Buying your first home can feel overwhelming, especially when saving for a deposit seems impossible. Many first-time buyers feel trapped, paying rent with nothing to show for it. At Major Financial Services , we’re here to help you understand your options, because there are ways to get onto the property ladder without a substantial deposit. One of these options is a 100% mortgage , which allows you to borrow the full value of a property without putting down any deposit. Let’s

Can using Buy Now, Pay Later harm your credit score? Discover how your credit history affects mortgage approval, interest rates, and loan amounts, and learn tips to improve your credit before applying. When you apply for a mortgage, lenders don’t just look at your income and deposit; they also review your credit score. Your credit history shows lenders how reliable you are with borrowing, and it can significantly influence whether you’re approved, the interest rate you receiv

Sometimes, buying a property doesn’t fit neatly into a standard mortgage timeline. That’s where bridging finance or a bridging loan can come in. These short-term property loans are designed to “bridge the gap” between needing immediate funds and securing long-term financing. Whether you’re buying your first home, investing in property, or renovating before selling, bridging finance for property can provide the flexibility you need. What Is Bridging Finance? A bridging loan i

Buying your first home is one of life’s biggest milestones, but it can also feel like one of the most daunting. Between saving for a deposit, understanding how much you can borrow, and navigating the process of applying for a mortgage, it’s easy to feel overwhelmed. The good news? There are now more first-time buyer mortgages than ever before, designed to make buying your first home more achievable. Whether you need a low deposit mortgage, help from family, or extra flexibili

Separation or divorce can complicate your finances, especially when a mortgage is involved. Many couples face difficult decisions about what happens to their family home, which is often their largest shared asset. Understanding your options during this challenging time is crucial to protecting your credit score, avoiding mortgage default, and securing your financial future. Divorce and Joint Mortgages When a couple shares a mortgage, both parties are usually jointly liable fo

For many first-time buyers, saving for a deposit can feel like an impossible task. Rent, bills, and the rising cost of living can make it difficult to put money aside, even when you’re earning a good income. The good news is that some lenders now offer no-deposit or low-deposit mortgages , designed specifically for people who can afford rent but haven’t been able to save a large lump sum for a deposit. 💡 What is a No-Deposit Mortgage? A no-deposit mortgage allows you to buy

If you’re thinking of buying a flat in England or Wales, there’s one phrase you’ve probably heard a lot: leasehold . But big changes are...

Buying your first home is one of life’s biggest milestones—but let’s be honest, it can also feel pretty daunting. Between saving for a...

Chancellor Rachel Reeves delivered the Spring Statement on March 26, 2025, outlining several economic measures with significant...

Today, the Bank of England (BOE) announced that the base rate will remain unchanged. This decision has significant implications for the...

What is stamp duty? Stamp duty, or Stamp Duty Land Tax (SDLT), is a government tax which is paid by the buyer of a property, as a lump...

When purchasing or remortgaging a property, one of the common questions people ask is whether life insurance is a requirement as part of...

Being self-employed can offer a world of freedom and flexibility, but when it comes to securing a mortgage, it can sometimes present...