On 1 April 2018, the Domestic Minimum Energy Efficiency (MEES) provisions came into force, which means that owners must have an energy certificate in at least E category for each of their rented properties. The MEES regulation is currently applicable to all new rental and extension contracts, but from 1 April 2020, they will also cover contracts concluded before 1 April 2018. A violation of the guidelines will result in a fine of up to £ 4,000.

MEES regulations apply to most rented properties in England and Wales. However, in some circumstances you may be eligible for an exemption, which will need to be registered in the PRS Exclusion Register.
If you are currently renting a category F or G property, you will need to take immediate steps to ensure compliance before 1 April 2020.

When looking for appropriate insurance during a mortgage application, we often take into account the amount of compensation we can get and family protection in the event of an unexpected. However, it’s important to remember the additional benefits you may not know about and will vary depending on your protection provider.

Examples of additional services include the advice of specialized nurses or virtual GP services.
It is worth to remember that additional services are usually free for you and your family, regardless of whether you have applied for compensation or not.

Would you like to talk about the available options? Contact us – our advisers are ready to meet with you at the time and place which suit you most.

Survey: Pink Home Loans Broker Deal

Dates: October 2019  – January 2020

Survey of 9 recent customers.


Survey question:

The advisor understood my circumstances and objectives before providing advise:



Survey question:

Everything considered, how personally valued did the advisor make you feel?




Survey question:

Everything considered, how satisfied were you with the overall process?




On a scale of 0 to 10 where 0 is ‘not at all likely’ and 10 is ‘extremely likely’, how likely or unlikely would you be to recommend your adviser to your family, friends and/or colleagues?



Question: Please explain your reason for the above score:


According to the property agency, the right plan and preparation are key when selling your home. You have probably been overwhelmed with a complexity of buying a house – getting a mortgage, understanding financial jargon and all the stress related to it. Sales may look similar, which is why proper preparation is so important.

Below are some main aspects that you should consider when selling your home:

– prepare your property so that it seems attractive to buyers (gardening, cleaning or minor renovation at home)

– choose the right property agency

– set the sale price based on a professional valuation

– organize an energy performance certificate (EPC)

– choose the right solicitor to help you with conveyancing


Remember – after receiving the offer, you should work with the solicitor on the final sale details, then exchange the contracts and make the property available to the new owner.


The scary event of repossession of your home highlights importance of a mortgage and financial adviser, who as well as planning the mortgage should arrange protection for when a crisis arises and a lender take steps to recover their mortgage which could lead to the repossession of a home.


Income protection, life insurance, family income benefit or critical illness cover is crucial when buying house with the mortgage.


Our advisers are experts in arranging most suitable mortgage as well as designing protection portfolio to suit each individual situation. Please give us a call or email us to arrange convenient appointment.


Understanding repossession: Information from Shelter, England.


Your lender writes to you about mortgage arrears


  • Your mortgage lender must follow rules about how they contact you.
  • If you fall behind with your mortgage payments, your lender should first contact you to ask you to sort the problem out.
  • You should talk to your lender, consider all your options and put a
  • proposal to your lender about how to deal with the arrears.
  • Your lender should write to you again. They should warn you that they’ll
  • start court action to repossess your home if you don’t respond or if they’re unhappy with your response.
  • You can negotiate with your lender at this stage.


If you fail to communicate with your lender,

Your lender applies to a court asking for a possession order


  • Contact a Shelter adviser online or by phone
  • Use Shelter’s directory to find a housing adviser at a Shelter
  • advice service, Citizen’s Advice or law centre
  • Your mortgage lender must get a court order to repossess your home.
  • To get this, the mortgage lender has to make an application to the
  • local county court setting out reasons why a judge should give them
  • possession of your home.



The court writes to tell you the hearing date


The court fixes a date for a court hearing where a judge decides if you can keep your home or if your mortgage lender should get possession.


The court will send you a copy of the lender’s claim form with:


  • the time and date of the court hearing
  • the reasons the lender wants to repossess your home
  • a defence form for you to complete and return to the court


It is important to reply to the court using the defence form.


Get advice as soon as possible. An adviser may be able to help you prepare for the hearing, gather evidence and negotiate with the lender or lender’s solicitor.


A judge hears the repossession case


A judge in a county court makes decisions about repossession.

The judge reads and hears the evidence from you and your lender before making a decision.


The judge may:


  • decide that your home should be repossessed – this means you can be evicted, and your lender can sell the property to repay your mortgage debts
  • make a suspended possession order – this allows you to stay in your home provided you keep to certain conditions
  • adjourn the case – this means the case is postponed for a hearing at
  • a later date to allow you and the lender to take certain steps before
  • the case comes back to court
  • dismiss the case against you


The court makes an order for repossession


A possession order is granted if the judge decides that your home should be repossessed.


The judge decides a date when you have to leave and the court order says when this is. This is usually in 28 days but the judge could allow you up to 56 days.


You may be ordered to pay court costs. Usually the lender adds their legal costs to your outstanding debt.


A suspended possession order is granted if the judge decides you should have another chance to keep your home.


A suspended possession order allows you to stay if you keep to the terms agreed at the hearing. For example, that you pay your monthly installments plus your mortgage arrears at a set amount.


Bailiffs are sent to remove you if you don’t leave


Your lender can ask the courts bailiffs to remove you from your home if you:


Haven’t left your home by the date on a court order for possession or:

You don’t keep to a repayment agreement made in court as part of a suspended possession order.

Your lender must apply to the court for a bailiff’s warrant. If the bailiffs don’t have a warrant, you cannot be removed from your home.

The bailiffs write to tell you when they will come to repossess your home.

When they evict you, bailiffs can’t use physical violence or offensive language. If you don’t leave voluntarily the bailiffs can call the police.

The lender will probably add the costs of the bailiff’s warrant to your outstanding loan.


Get advice about staying until bailiffs remove you.



Your mortgage lender sells your home


After your home has been repossessed, your mortgage lender will sell the property. Until the property is sold, you are still responsible for paying interest on what you owe.


After the sale, the lender keeps the money they are owed and pays you

anything that’s left over. If there’s a shortfall between what you owe and what the property is sells for, you may have to pay off any mortgage shortfall to the lender.


Co-buying a home can be very beneficial if you and a maximum of 4 friends or family members can invest together in the property. However, before you decide on this purchase, you should consider several aspects:
– you can immediately invest savings you have in a property instead of paying rent for your current house or flat. By buying a share of a property you save – house prices are rising and you pay only part of the deposit
– remember to draw up a Trust Deed, which will specify the amount of deposit paid by each co-buyer or describe procedures of leaving the co-ownership arrangement
– all parties involved in the purchase are obliged to repay the loan – if one person does not pay their installment, the rest is responsible for paying the mortgage.

Remember – before making a decision, it’s always worth talking to a financial advisor who will explain the co-purchase procedure and answer all the questions you may have.


It doesn’t matter if you own a house or an apartment – the place where you live is undoubtedly one of the most important, which is why it is crucial to make sure that you have adequate protection in the event of an unexpected.

There are two types of insurance – building and content. The first includes the structure of the house – the roof, walls and windows as well as fixed elements of the property such as kitchen or bathroom. This insurance usually protects your home against fire, storms, floods, subsidence, bursting pipes or theft. Building insurance is unlikely to protect you against wear and tear, war or terrorist acts. Having home insurance is not mandatory, but if you are in the process of buying a property or have a mortgage for your home, such insurance will be necessary.

Content insurance usually covers the cost of buying new home furnishings in the event of loss of a worn one. Some insurers may include wear and tear, which may reflect in the amount of compensation you receive for a damaged item. For an additional fee, you can also buy insurance that that will protect the contents of your home in the event of accidental damage. Personal property insurance (e.g. cameras or laptops), may also be useful.

While insuring our homes, telephones and even our lives, we tend to forget about protection that will support your finances when you can’t work because of illness. This is how critical illness insurance works – this is a type of protection that, if illness diagnosed, will help you receive a tax-free lump-sum to cover the costs of treatment or replace income that you lose as a result of being unable to work.

Critical illness insurance can take various forms, e.g. insurance, whose final amount increases with inflation, protection that is associated with your mortgage and decreases as mortgage debt decreases or critical illness insurance combined with life protection.

Remember: during the application the insurer will ask about your family’s medical history, amount of cigarettes smoked and alcohol consumed as well as other personal data. At this stage you must provide true information – otherwise your insurer may reject any claim you make.

Most of us is considering financial advisor’s services when looking for a suitable mortgage. Their main task is to help buyers find the best possible mortgage offer tailored to their individual situation, as well as to make the process of buying a home as simple and stress-free as possible.

The financial market offers a huge number of mortgage products and their analysis can be complicated. In addition to a large number of financial options, buyers must take into account their individual income and personal situation as well as the type of property being purchased.

Considering the comprehensiveness of the property purchase process and the number of factors that may change, as well as the variability of mortgage products and processes, it is worth considering the help of an adviser – who, when dealing with mortgage brokerage on a daily basis, will be able to offer the best option suited to your personal circumstances and expectations.

UK average house prices increased by 2.2% over the year to November 2019, up from 1.3% in October 2019.


Average UK house prices peaked at £235,000 in November 2019

Average house prices increased over the year in England to £251,000 (1.7%), Wales to £173,000 (7.8%), Scotland to £155,000 (3.5%) and Northern Ireland to £140,000 (4.0%). The annual increase in England was driven by the West Midlands and North West.


At a regional level, the West Midlands was the English region with the highest annual house price growth, with prices increasing by 4.0% in the year to November 2019 (Figure 4). This was followed by the North West, increasing by 3.8%.



Mortgage rates have fallen on average for both two-year and five-year fixed-rate deals (75% LTV)

Fixed-mortgage rates have decreased in the past two years, according to the Bank of England. If you put down a 25% deposit on a property in June 2016, the average rate you would pay for a two-year fixed-rate mortgage was 1.75%. In contrast, in November 2019 it was 1.44%. This suggests that now is a good time to get a mortgage, as interest rates are low. This means your monthly repayments would be lower than they were in 2016.


The decrease in rates was even higher for five-year fixed-rate deals. In June 2016 the average rate was 2.54%, while in November 2019 it was 1.69%.


For example, for a £200,000 property on a 25-year mortgage, with a 25% deposit an example of the monthly payments would be as follows:


2.54% interest: £789 / month

(The total you’ll repay over full term (Includes mortgage debt, £175,000 + total interest £61,588) Total: £236,588)


1.69% interest: £715 / month

(The total you’ll repay over full term (Includes mortgage debt, £175,000 + total interest £39,608) Total: £214,608)


The benefits of a 5-year fixed term may come to light with uncertainty in the economy. However, in the event of the UK having a troubled exit from the EU on the 31st January, such as the scenario of a no-deal Brexit, the Bank of England may cut the interest rate from 0.75% to give a boost to the economy – which could see mortgage rates remain low when you come to re-mortgage. This would suggest a 5 year fixed term would not be only sensible option for somebody buying today. Buyers may benefit from the lower interest rates made available on two-year fixed rates in the years to follow.


On our above calculation for November 2019’s two-year interest rate of 1.44%, this would decrease your monthly outgoings to £695 per month.


The total you’ll repay over full term (Includes mortgage debt, £175,000 + total interest £33,501) £208,501