Do you need life insurance?

Do you need life insurance?

This may sound daft, but many people don’t stop to ask themselves this question. And it is one that needs to be asked. So, here’s a little information on the subject to help you understand what you need to consider in order to be able to decide for yourself.


First things first, not everyone needs life insurance. However, if your family depend upon either just you, or you and your partner, for income to cover your mortgage and other living expenses, then you need to at least consider it. In the event of your death, it will help provide for your dependents.

So, what is life insurance?

You won’t be surprised to learn that there are many different types of policy available to you. However, in essence, a life insurance policy is designed to provide your family with either a lump sum, or regular payments, in the event of your death. How much they will receive depends on the amount of cover you take out. And it’s worth noting that you can take out policies for specific things like your mortgage if you’d prefer. The best thing to do is discuss your particular circumstances with your financial adviser so that they can point you towards the most appropriate product for you.

What does life insurance not cover?

As the title suggests, it covers only death. So it isn’t a policy designed to provide for you and your family in the event of illness or disability.

Also, you should be aware that many policies will have certain exclusions. For example, if you die as a result of drug or alcohol abuse, this may not be covered. Risky hobbies may require an additional premium. And if you already have a serious health problem, this may be excluded too. Make a note of everything and talk it through with your adviser. There may be other types of policy available to you to cover exclusions, long term illness, and critical illness, which might meet your requirements better.

So, do you need it?

The question to ask yourself first is this: ‘What will happen to my family’s ability to pay the bills and mortgage if I die?’. The government cannot be relied upon to take care of them in the manner in which you’d probably like them to be looked after. And if this is the case, then you really do need to consider a life insurance policy.

However, if you’re single or your partner earns enough for your family to live on, you may decide that life insurance isn’t necessary.

Is it expensive?

It’s not really appropriate for us to answer that directly, because the answer is relative to your circumstances and approach to your family’s finances. However, many people deem it to be good value. For just a few pence a day, you may have access to a policy that will provide your family with the protection they need in the event of your death. Though, of course, this is always subject to your age and health status.

First off, ask your financial adviser to provide examples of the cost of different policies. Premiums do vary, and they will know which institutions can offer the best products for your situation.

What affects the cost of life insurance?

There are many different factors that can affect the size of the premium. However, examples include:

  • The sum you wish to cover
  • The length of the policy
  • Your age
  • Your health
  • Your lifestyle
  • Whether you smoke, etc.

Things to check…

Before you decide to take out a life insurance policy, it is worth checking if your employer already provides one. However, if you find you do have some sort of cover as a benefit, then it’s also worth checking that it provides enough. If it isn’t enough, there is no reason you can’t take out an additional life insurance policy to make up the difference. Of course, if you stop working for that employer in the future, you won’t have the benefit of their policy any more.

Other types of insurance to consider…

If you’re interested in finding out more about the different types of insurance available to you, click the links below:

Brexit – what next?

BrexitGiven the results of the Brexit referendum on Thursday, please rest assured Howard Financial Management Ltd will be liaising with our lenders, insurance providers, suppliers and our own industry trade bodies to allow us to best inform you of any developments as they emerge along the road to exit of the EU. As we go through this period of significant change, we remain committed to providing you with the right advice on your borrowing and protection needs.  If you have any questions please don’t hesitate to contact us.

How to Boost Your Chances of Getting a Mortgage as a First Time Buyer…

As we have said in another article in this series – How much can I borrow? – getting approval for your mortgage isn’t just about how much you earn; lenders now also focus on affordability, how good your credit score is, and how clear credit history is too.

So, to improve your chances of being accepted for a mortgage, here are a few more things to think about…

Things to think about to improve your credit score…

Electoral roll – make sure you’re registered! The electoral roll is one of the first places a lender will check to validate your residency and identity.

Check your credit history – you can get copies of your credit file from the credit reference agencies. The agencies you need to contact are: Equifax, Experian and/or Callcredit. Check My File provide all of these three reports in one. Once you get sight of your file, check there aren’t any mistakes in the data – it does happen!

Check your current address is showing for all your accounts listed – this is something that is easily missed but it can cause confusion and delay if the address on your file doesn’t tally with the address you’ve given on your application form.

Break from past relationships – if your credit history is shared via an address with an ex-partner, write to the credit reference agencies to get this delinked. If that partner has a bad credit history, it will tar you too…

Rebuild your credit score – admittedly this takes time, but there’s no time like the present to get started again. Just from now on – make sure you pay everything on time!

Get the timing right – applications for other accounts like credit cards etc. stay on your file for a year. You may have to wait out that time for some of these to drop off before you can apply for a mortgage. Too many applications are frowned upon by lenders.

Don’t miss a payment or make a late payment – if you’re worried about slipping up with a credit card payment, perhaps set up a direct debit to ensure the minimum amount is paid every month. That way, you’ll keep your credit history clean.

Keep other applications to a minimum – we’ve already mentioned credit card applications above, but other types of account register too, like mobile phones and car insurance! Keep these down to a minimum.

Try not to withdraw cash on a credit card – this can be viewed as a desperate measure because it’s a very expensive way of getting hold of cash.

Never apply straight after rejection – basically, a rejected application leaves a footprint on your file, even if the rejection was due to an error on your file. So, check your credit history first before making any applications, and save yourself the worry.

Stay out of your overdraft – a lender will be able to see if you’re using your overdraft all the time. If you are, it looks as though you’re living on the edge of your affordability the whole time, and that’s not good.

Avoid payday loans – for the same reason as above. Payday loans do not look good from a money management perspective to a lender.

Close unused cards – if you have lots of credit cards still open but never used… close them down. A lender may worry that you can borrow fairly significant sums in the future without needing approval, and that will cause concern.

Other articles in this series written for first time buyers…

What is the Process for Getting a Mortgage as a First Time Buyer?

Things are getting exciting now. You’ve found the perfect property. They’ve accepted your offer. It’s all systems go.

So what happens next? You speak to your adviser and get the ball rolling… that’s what!

What will my adviser do first of all?

Having ascertained what your plans are in the short, medium and perhaps even long term, your adviser will be in a good position to start moving you through the mortgage application process.

First off, that will mean gathering some initial supporting information from you. This will include:

  • Last 3 months bank statements
  • Last 3 months payslips
  • Most recent P60
  • Copy of your passport
  • Copy of your driving licence


Fact finding…

Their next step will be to sit down with you to complete a ‘fact find’. This will give both you and your adviser a useful picture of your circumstances. Now, be warned, this isn’t a five minute job. There are a lot of questions to go through, and it might feel as though your finances are being inspected under a microscope. However, putting in the detailed work now, will definitely pay off later when your mortgage application is submitted. Your adviser will have identified any weak areas and taken steps to mitigate them. And this will mean you’re hopefully one step closer to that all important – acceptance.

Search the market…

Having gathered a clear picture of your financial situation, an experienced adviser will already have a feel for which lender is best for you. However, they will still research the whole of the market before making their recommendation.

And once you’re happy with their recommendation… then it’s on to the next step.

Decision in Principle…

Your adviser will complete a Decision in Principle application for you. Once submitted, the chosen lender will complete their initial credit underwriting. Three possible decisions can come from this:

  • Accept – which means your adviser can move on to complete a full mortgage application.
  • Refer – which means that some initial data is outside of the lender’s normal lending criteria. However, your application may still be acceptable, it’s just that your case will be reviewed by an underwriter in more detail (which in turn will then lead to an accept or decline decision).
  • Decline – which means you have been turned down for a mortgage in this instance. Your adviser will speak to the lender to understand why, and will explain the reasons to you. Depending on what the issue is, it might be that your adviser will then undertake to do another DiP with another lender.

If, once this process has been completed, you have been accepted in principle, your adviser will look to proceed to a full application.

Moving to full application…

At this point, your adviser will need to know which solicitor you will be using. They will also gather any further information that the lender has requested from the DiP.


When armed with everything they need, they will then:


  • Complete the full mortgage application
  • Request that you pay any lender fees (eg. application/valuation fees etc.)
  • Forward all the supporting information requested by the lender



Things now start to get even more exciting because your lender will instruct a valuation to be carried out. This usually takes place within 10 working days of your application being submitted. If the valuation comes back and the lender is satisfied, they will review your file and hopefully issue their mortgage offer.


Mortgage offer…

This will normally be sent out within 10 working days of receipt of the valuation. It will be sent to you, your adviser and your solicitor. And it is at this point that your solicitor’s work begins in earnest. They will carry out the necessary searches and liaise with you and the lender to arrange a completion date.


Is that it?

Not quite, though your adviser will possibly take a bit more of back seat at this point. The majority of their work has been done. There is little else that they can do with regard to the actual mortgage application besides push the solicitors and lenders along if things start to drag on.


However, a good adviser will be mindful of other financial aspects that you may need to consider. These could include protection requirements as well as general insurance (buildings and contents).


How long from start to finish?

The general rule of thumb is that an adviser will aim to have an offer being issued to you within 4 to 6 weeks of making the full mortgage application. From this point solicitors should be able to conclude the process within another 4 to 6 weeks.


Other articles in this series written for first time buyers…

  • An introduction to getting a mortgage
  • Do I need an adviser?
  • How much can I borrow?
  • What types of mortgage are there?
  • How to boost your chances of getting a mortgage
  • What is ‘Shared Ownership’? What is ‘Help to Buy’?

What Types of Mortgage are Available to First Time Buyers?

Do I need to decide between an interest only mortgage and a repayment one?

You may well have heard terms like ‘interest only’ and ‘repayment mortgage’ bandied around, and are probably thinking that’s a good place to start. However, these days the most appropriate route -for just about every first time buyer – is a repayment mortgage. The reason for this is that there is a concern with an interest only mortgage that you’re not chipping away at the loan each time you make a monthly payment. You are only paying interest. Twenty five years down the line, when your mortgage policy expires, you will still owe all that you originally borrowed. That leaves a lender exposed for a long time. However, with a repayment mortgage, each time you make a monthly payment you are slowly paying back the amount you have borrowed, as well as interest. And that’s what lenders like.

As an aside, it’s worth noting that it’s actually much harder to get an interest only mortgage now even if you do want one. Many lenders have pulled out of offering them full stop. So on the whole, this article is focused on repayment mortgages.

What types of deal are out there?

Fixed rate

As the name suggests, a fixed rate mortgage is one where the interest is fixed for a set length of time. It doesn’t change. If rates go up, you pay the same amount regardless whilst the rate is fixed. If rates go down, however, you also still pay the same amount. If you think you may move house during the term of the fixed period, it’s worth checking that you can move the mortgage to another property. Plus it’s also worth checking what (if any) penalties you might have to pay.

At the end of the fixed rate period, most lenders will move you onto their standard variable rate unless you make alternative arrangements.

Variable rate

A variable rate mortgage is one where the rate can change. The rate variation can be prompted by different triggers and you will need to check with your adviser what the trigger mechanisms are for the product(s) you are looking at.

There are quite a few different types of variable mortgage, but the most common ones include:

  • Standard variable – where the lender charges their standard variable rate.
  • Tracker – where the rate tracks either an economic indicator or another rate – often The Bank of England’s base rate.
  • Discount rate – where a discount off the lender’s standard variable rate applies for a short time, often 2 or 3 years.

How flexible should a mortgage be?

There can also be additional flexible elements within a mortgage policy, so it’s a good idea to ask your adviser about these. However, to give you an idea, some examples are:

  • Can I overpay? – Some policies enable you to overpay without penalty. This can mean you manage to pay your mortgage off quicker than predicted. It’s important to note, however, that the timing of payments can make a difference to how much benefit you’ll get with respect to reducing your interest payments. It’s best, therefore, to discuss this in detail with your adviser.
  • Can I borrow back? – Some policies actually enable you to borrow back again if you’ve made overpayments.
  • Can I take payment holidays? – Some lenders will allow you to not pay for an agreed length of time. This isn’t something to do lightly and you should discuss this option with your adviser before considering it.
  • Can I offset my mortgage? – An offset mortgage keeps your mortgage and your savings in two different accounts. However, the savings portion can be used to offset what you pay each month in interest on your mortgage.

Are there other mortgage products available to first time buyers?

There are schemes available like ‘Shared Ownership’ and ‘Help to Buy’ that first time buyers can access. We’ve written a separate article on these, which can be found here.

Other articles in this series written for first time buyers…

As a First Time Buyer, How Much Can I Borrow?

Following on from our introduction to mortgages for first time buyers, one of the first questions we get asked is: How much can I borrow? There isn’t a straight forward answer to that, and here’s why…

How much can I borrow?

Before the recession, lenders typically calculated how much they would lend by applying a multiplier to the applicant’s salary. For example, if you were buying a house on your own, they might have typically been prepared to lend you four times your salary. If you were buying as a couple, they might have typically been prepared to lend you three times your joint salary. Those days of simple calculations, however, are over.

Now the key consideration is affordability. Whether you’re a first time buyer or not, the key questions are: Can you:

  1. a) Afford your monthly payments now?
  2. b) Continue to afford them if interest rates increase?

A far more detailed inventory of your income and outgoings, therefore, is now assessed. Once you’ve bought your food, paid your bills – including credit card spending and other loans – and covered the costs of running your car etc., how much is left every month? Once that’s been calculated, does the answer to the questions above stack up?

And there’s an additional aspect too… Don’t forget that how much a lender will allow you to borrow isn’t just about your ability to afford the payments. Your credit score and previous payment history on other loans is also taken into consideration. This can be where applications fail to get approval.

So it’s probably becoming clear now that it’s not possible to give you an easy answer to the question: How much can I borrow? It’s worth considering speaking to an adviser.

How much do I need to save for a deposit?

People groan at the thought of having to pay a deposit when buying a house. And yes, it does tend to be quite a substantial sum. However, it can serve to protect you in the future, so on balance it is a good thing.

The terminology that’s often used is ‘Loan to Value’. It’s unlikely that you’ll find a mortgage for anything more than 95% of the value of the property, and this would be referred to as an LTV of 95%. So, if you are going for an LTV of 95%, the minimum deposit you’ll need to have saved is 5% of the value of the house you want to buy. There is a good reason, however, to try to put down more than this…

You are far more likely to get a better rate the more deposit you put down. Going from only paying 5% to paying 10% deposit can make a huge difference to the rate you get, as well as the monthly payments you will have to make. If you can go even higher, the rates improve even more. Think of it like this:  The more deposit you pay… the less you borrow… the better rate you get… the less your monthly payments are… which means, overall, the cheaper your mortgage is.

Other articles in this series written for first time buyers…


I’m a First Time Buyer… Do I Need an Adviser?

If you’re reading this article, then you are probably the sort of person who likes to be informed before you make a decision. You may understandably, therefore, be wondering if you need an adviser at all for your mortgage. Notwithstanding the fact that you’re a first time buyer, and this is your first mortgage, you’re thinking you should be able to pull it all together yourself and not have to pay for the services of someone to do it for you. And that’s very possibly the case, but it’s worth being aware of what benefits you get if you go through an adviser.

An adviser affords you a level of protection

Any advisers providing advice on mortgages have to be qualified to do so. Other than the fact that this means they understand the complexities of the mortgage market, an adviser who is regulated by the FCA (Financial Conduct Authority) also has a duty of care to you. They have access to the whole of the market and, because of this duty of care, have to recommend a mortgage that is suitable to your circumstances. If they fail to do this, you are protected and have the right to complain and be compensated.

An adviser is on your side

Because advisers have access to the whole of the market, they really are looking for the best mortgage for you. They aren’t on the lender’s side, and their advice is unbiased. If one lender doesn’t offer the right sort of product for your circumstances, other lenders will. An adviser will seek those products out.

They have experience and knowledge – things that take time to build up

Submitting an application for a mortgage these days isn’t as simple as just filling in a form. There are a lot of hoops to jump through to prove that you can actually afford a mortgage, and it’s easy to make a mistake. With this in mind, it’s worth knowing that each lender has its own preferred criteria. An adviser understands what these are and can therefore save you a lot of time and heartache.

Other protection

An adviser is mindful that it’s worth borrowers being aware of other financial products available when they have a mortgage. Life insurance, for example, to ensure the mortgage is paid off in the event of the mortgagee’s death. And of course, there’s buildings and contents insurance too.

A good adviser, who has experience and knowledge, will also be able to provide you with advice on other types of protection too with respect to your mortgage arrangements. Examples would be:

  • Death cover
  • Critical illness
  • Long term illness
  • Payment protection

But how does an adviser make their money?

There are two ways an adviser can earn their crust:

  • By charging you a fee
  • By receiving a commission from the lender – for putting business their way

Either way, however, it’s important to note that your adviser has to provide you with a Key Facts document that details any fees or commissions they make.

In summary…

Only you can decide if the benefits of using an adviser are right for you. It’s true that they will either charge a fee or make a commission for their services. However, in return for that, as a first time buyer you are working with someone who not only has knowledge, experience and access to the whole of the market but is also helping you find the best mortgage for your circumstances.

Other articles in this series written for first time buyers…

Introduction to Mortgages for First Time Buyers

Buying your first home is an exciting but nerve-wracking time. There is a lot to take in and understand. So, bearing in mind how important it is to get things right, we thought that a series of articles specifically addressing the concerns and queries of first time buyers would be helpful. The topics that we cover in this series are:

What is a mortgage?

First things first, it’s worth remembering that a mortgage is, in essence, just a loan. What makes it slightly different to other loans that you may take out, though, is that it:

  • Usually runs for a longer  period – 25 years is a common mortgage term
  • Is secured against your property

What does that second point mean? Well, it means that in return for lending you money to buy the property, a lender protects themselves by putting a charge on it. This means that in the event you cannot, or simply stop, paying your monthly payments, they have the right to repossess the property, sell it, and recoup their money.

How does a mortgage work?

We’ll cover this in more detail over the next few articles, but in summary once a mortgage policy starts it is broken down into these components:

  • Deposit – This is the initial payment you pay and is not included in the capital amount you borrow.
  • Capital – This is the amount of money you borrow.
  • Interest – This is the amount your lender charges you for borrowing the capital until it is paid. Depending on the type of deal you choose, this may be charged at a variable, fixed or capped rate.

You then pay back the interest and capital to the lender, usually on a monthly basis, until the loan is paid off. The usual term is 25 years, but it can be shorter or longer depending on your requirements and circumstances.

What happens if I can’t pay my monthly payments?

It’s important to note that throughout the length of the mortgage policy, the loan is secured against the property you’ve bought. This means if you can’t afford to make your monthly payments, your lender will have the right to repossess your home and sell it to recover the amount you still owe. Plus, you need to be aware that if they sell your home for less than the outstanding amount, you still owe them the difference.

It is very important, therefore, to only borrow what you are sure you can afford to repay on a monthly basis. And it’s critical that you pick the right sort of mortgage from the start…

To find out more about mortgages for first time buyers, please see the other articles in this series.

Other articles in this series written for first time buyers…


Equity Release – Lifetime Mortgages

First things first… as we’ve said in our introduction to equity release (What is Equity Release), equity release is a type of financial product that enables eligible property owners to borrow money against the value stored in their home without having to move. Interest is added over time to the loan, such that the outstanding accumulated sum is then payable when the home owner dies or goes into long term care. This often means that the sum is paid off by selling the property.

An equity release lifetime mortgage is one type of equity release product that is available.

So, what is an Equity Release Lifetime Mortgage?

An equity release lifetime mortgage is, as the name suggests, a mortgage taken out against your home. In this instance, however, you can choose to either make repayments, or roll the interest up so that the loan plus the accrued interest accumulate and become payable when you die or go into long term care. So there is no fixed term, per se. You must, however, meet certain criteria to be eligible:

o   The property being mortgaged must be your main residence

o   You must own the property

It’s important, therefore, that you get financial advice from an independent financial adviser before you choose to take out a lifetime mortgage. All advisers who recommend equity release lifetime mortgages must have a specialist qualification. They will be able to advise you and help you decide whether an equity release lifetime mortgage is the right choice for you. And they will also be able to suggest which lifetime mortgage plan is most suited to your needs by researching all the products in the market.

What do I need to discuss with my adviser about a lifetime mortgage?

It’s worth bearing in mind that different mortgage lenders will operate differently with respect to both lending criteria and package details.  So it’s important that you discuss the differences with your adviser. The sort of information you may want to check is:

The minimum age

Usually lenders require you to be at least 55, but it may be older than that, so you need to check. Note that the younger you are when you start a lifetime mortgage policy, the more it is likely to cost in total.

Maximum percentage available to borrow

Often you can borrow up to 60% of the value of your property, but this can be dependent on your age and the value of your home. Some providers may take certain past or present medical conditions into consideration too, so it’s important that you discuss this with your adviser.

Whether you have to remain in the property

The mortgaged property must remain your main residence during the term of the mortgage. You can however move to another property, as long as that new property is acceptable to your lifetime mortgage provider. The threshold for what is acceptable as continuing security may vary between providers so it is important you discuss this with your adviser.

Repayment profile

Is the outstanding loan plus interest only to be paid in the event of your death? Or, are you able to make repayments towards the interest, for example, on a regular basis? If you can repay some on a regular basis, the mortgage will be less costly. However, you must consider how much you are agreeing to pay back regularly. An affordability check will be carried out by the provider.

How the equity can be released to you

Is it in one lump sum? Or does the provider allow for you to drawdown the sum in smaller chunks? It is worth remembering that you only pay interest on the loan amount that’s been released to you, so taking the sum in smaller amounts over time may be a less costly route to take. Your adviser will be able to discuss your requirements with you. Bear in mind there may be a minimum amount that each release payment can be.

Ring fenced percentage for inheritance purposes

It is possible to have a plan that enables you to ring fence a proportion of the value of the property. You should discuss what percentage you’d like to ring fence with your adviser and check that the retained percentage does not change, regardless of fluctuation in the value of the property.

What is the interest rate?

Interest rates must either be fixed or, if they are variable, capped by an upper limit which is fixed.

Negative equity guarantee

Does the provider guarantee that once the property has been sold and all agents and solicitors fees have been paid, even if the amount remaining is not enough to repay the full outstanding loan, neither you, nor your estate, will be liable for any more?

Additional important information about Equity Release Lifetime Mortgages

If you are over 55, want some extra cash, but don’t want to move house, equity release may be an option you want to consider. However, there are important considerations to bear in mind. Click here to find out more about these further considerations.


This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.


Equity Release Lifetime Mortgages – additional things you need to consider…

An equity release lifetime mortgage is a particular type of mortgage taken out against your home. For more details on what it actually is, click here.

Why do people take out an equity release lifetime mortgage?

Many people in their late 60s and 70s find that they are wealthy with respect to equity stored in the value of their home, but are cash light with respect to available cash that they can spend. An equity release plan provides buyers with ready cash.

This may sound an attractive proposition, but it’s important to be aware of certain considerations.

What should I consider when taking out an equity release lifetime mortgage?


An equity release lifetime mortgage can be more costly than an ordinary mortgage. This is for many reasons. For a start, the policy is not for a pre-defined length, so if you live longer than the term of an ordinary mortgage, a lot more interest will accrue. Plus, if you’re not paying any of the interest off whilst you’re alive, the accumulating sum of the original loan plus the interest can grow quite considerably. Also, the interest rate is often higher. This may be because the rate is fixed from the beginning of the contract, so your lender has to adjust their rate accordingly. They also need to factor in a ‘no negative equity’ guarantee. Both these factors can have an impact on the interest rate they can offer you.

All in all, this means the final sum due when you either die or go into long term care can be substantially more than the original sum of the loan. And you should be aware that this does mean that there may be less for you to pass on to your family as an inheritance.

Early repayment penalties

Early repayment penalties can be expensive, so it’s important you discuss this with your adviser. Please note, however, that they should not apply if you go into long term care.

Alternative uses for the equity

If you release equity from your home, you need to be aware that you may not be able to rely on the property for cash potentially needed later in retirement, e.g. For paying for long term care.

Moving property later

Although loans should be ‘portable’ in theory (ie. you are able to transfer them to a different main residence) your lender still needs to approve the new property before this is possible. If you are hoping to downsize, you may find you fall foul of their loan to property value ratio. I.e. If your lender has a policy not to lend more than 50% of the value of a property, and your proposed property would mean the percentage of the loan would increase above this, they may not accept the new property as security against the lifetime mortgage unless you can pay some of the outstanding loan off. Plus, some types of property, for example sheltered housing, are not always acceptable to lenders because they are difficult to sell in the future.

Loss of means-tested benefits

By releasing some of the equity in your property as cash, you may lose eligibility for certain government benefits such as pension and council tax benefits.

Arrangement fees

It’s important you check with your adviser what the arrangement fees are before committing to a particular plan.

How do I make sure I’m getting the right financial advice?

It’s important that you get financial advice from an independent financial adviser before you choose to take out a lifetime mortgage. All advisers who a recommend equity release lifetime mortgages must have a specialist qualification. But in addition to checking this, you should also check:

Advisers at Howard Financial Management Limited are qualified to provide advice on lifetime mortgages, so for more detailed information on lifetime mortgages please click here.


This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.