Medical & General Financial Solutions Ltd

When taking out a mortgage, you’ll go through affordability checks, and you may have reviewed your own budget. These will consider how affordable a mortgage is while earning your current income, but how would you cope financially if your income … Continue reading →

Inflation in 2021 is expected to hit 4%. Inflation means the cost of living will rise and, for mortgage holders, knock-on effects could mean the cost of a mortgage becomes higher. From grocery shopping to electronic goods, prices are rising. … Continue reading →

Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing. We’ve … Continue reading →

When you take out a mortgage, banks will assess the affordability to ensure you can continue to meet repayments. However, it’s impossible to know what’s around the corner. If a financial shock affected your income, would you be able to … Continue reading →

The pandemic has meant some families have been able to save more. Those that have continued to work during the last year are often finding their outgoings have been lower and they now have more cash put to one side. … Continue reading →