Personal Mortgages and Insurance

The term “Bank of Mum and Dad” is becoming less and less unusual these days. It refers to the practice of parents financially assisting their adult children with expenses, especially when it comes to buying a home. In this case, the Bank of Mum and Dad is usually a joint borrower, sole proprietor arrangement where…

A rent-to-own arrangement is an alternative path to homeownership that doesn’t rely on a traditional deposit. Instead, it’s based on the concept of using your rental payments as a means to secure your dream home. Here’s a breakdown of how it works: Your journey begins with renting the property, much like a standard lease. What…

In today’s financial landscape, creative solutions for securing a deposit on a house are gaining more attention. Some lenders are open to the idea of using personal loans as a deposit for purchasing a home. This practice, often referred to as a “deposit substitute” or “deposit equalisation,” can provide an alternative path to your dream…

Financial wellbeing has never been more important. Here at Hallcroft Finance, our experienced advisers understand that financial wellbeing is at the heart of your peace of mind. We spend time with our clients to help them on every step of the journey when it comes to mortgages and protection, whilst also addressing financial concerns that…

Life insurance isn’t a legal requirement, but it is an option we recommend pursuing. Whilst online comparison sites are helpful, they provide life insurance quotes for only the most basic of policies and do not provide expert advice. That’s where an expert, such as an experienced adviser can help. They can take the time to…

Income protection, what is it? In times of increasing costs, we are having plenty of in-depth discussions with clients about income protection. This includes reviewing the insurance policies that they have in place, to ensure that they remain relevant, fit for purposes, and at the best possible price each month. When we review our clients’…

Your House Buying Journey with Hallcroft Finance Here at Hallcroft, we help our clients throughout the house buying process to buying a property of their dreams. Whether that’s their first home, a house move, or an investment property to diversify their income. In all cases, below is a summary of what you can expect the…

Securing Your Mortgage: AIP and Full Application Explained   Your house buying journey starts with a Mortgage in Principle (MIP), also known as an Approval in Principle (AIP), it’s a formal document, issued by a mortgage provider that outlines how much you could borrow, should you apply, based on the information provided. Obtaining a Mortgage…

Private Medical Insurance (PMI) was worth it for one of the Directors at Hallcroft….. Thankfully Andy now works in the private medical insurance arena. He is fully qualified to provide advice. He can navigate you and your family through all that is available in the market. Giving you peace of mind that should something unforeseen…

Did you know you can rebook a rate 6 months before your fixed rate period on your mortgage expiry? Then after that 6-month period if a better deal appears you can switch. This process can save you thousands over the lifetime of your mortgage. A common dream/hope we hear is to ‘pay off the mortgage…