Chartwell Funding Blog

Facing a critical illness is never easy—both emotionally and financially. That’s why having the right protection in place can make all the difference. Our latest case study shares one of our client’s journeys, showing how critical illness cover helped them focus on recovery without the added worry of financial strain.

As protection brokers, we have seen first-hand how important it is for homeowners to protect their mortgage. It is a vital safety net and provides excellent peace of mind. However, the type of protection you choose depends on your unique circumstances. In this article we will look into what to consider protecting, the different types of cover available, how much it might cost, and the key information you need to make an application.

There are lots of reasons why you may be looking to borrow money, and improving a property still tops the charts. Consolidating debts, vehicle purchases and supporting children are next on the list and typically the first thought is to remortgage. However, this isn’t always the smartest choice, and a second charge mortgage can often provide a more suitable and cost-effective solution.

Having a less than perfect credit score is a common occurrence these days and credit issues range from missing payments on your bills to bankruptcy and repossession. Typically, if you’ve experienced any problems in the past, you might feel that owning a home or changing your mortgage is impossible.

Research conducted by Mortgage Strategy Magazine shows that one of the top ten lenders in the UK is Bank of Mum and Dad. Ironically, in a large amount of situations Bank of Mum and Dad do not have the liquid cash to lend/gift funds to their children to help them get on the property ladder and have to remortgage their own property to provide the funds.

Self-employment is on the rise in the UK as many people feel that being your own boss gives you the opportunity to create and grow a business as a source of primary or secondary income. Historically, obtaining a mortgage has been trickier for self-employed applicants as lenders exercised caution towards entrepreneurial young businesses.