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What credit score do I need for a mortgage?

Buying a house is an exciting time for everyone involved, but it doesn’t come without a lot of preparation and thorough considerations. This includes getting your credit score up to scratch! If you’re wondering ‘what credit score do I need for a mortgage?’ Don’t...

What is relevant life insurance?

Relevant life insurance is a type of life insurance policy that an employer can take out to provide death-in-service benefits for an employee. Life insurance is a form of financial protection that provides a financial benefit to beneficiaries on the life assured’s...

How mortgage holidays work in the UK

Over the years, banks and other lenders have created various ways to keep people in their homes, even if they can no longer afford their payments. One of the most common is the mortgage holiday. Instead of being required to make payments on their loan, borrowers are...
What happens when your mortgage is paid off

What happens when your mortgage is paid off

Congratulations! If you are reading this blog, chances are, you are coming close to the end of your mortgage term! At RH Financial Consultants, we get lots of questions from people about their mortgages. A common question we get is “what happens when I pay off my...

Can you have more than one life insurance policy?

Can you have more than one life insurance policy?

As you get older, you find yourself with so many different financial responsibilities and commitments. From mortgages to car finance payments, the list seems never-ending. However, one area of your personal finances that you may be neglecting is your life insurance....

3 cases where you can claim tax deductions on your life insurance

3 cases where you can claim tax deductions on your life insurance

Setting up your own business, and saying no to the security and comfort that the proverbial 9 to 5 job can provide takes tremendous courage! On such a journey only hard work is inevitable, while the future is always unpredictable. However, for those who can pull it...

What Is a Mortgage in Principle and When Do You Need One?

What Is a Mortgage in Principle and When Do You Need One?

A mortgage in principle is an indicator from a mortgage provider of how much money they might be willing to lend you. You might also see this referred to as ‘an agreement in principle’ (AIP), ‘a decision in principle’ (DIP), or ‘a mortgage promise’. Although it isn’t...

What is the difference between a mortgage advisor and a mortgage broker

What is the difference between a mortgage advisor and a mortgage broker

If you are looking for trustworthy mortgage advice, should you turn to a mortgage advisor or a mortgage broker? It might be surprising, but actually, a mortgage advisor and a mortgage broker are the exact same thing! However, there is a distinct difference between an...

How Long Does A Mortgage Application Take?

How Long Does A Mortgage Application Take?

Buying a property can be one of the most daunting and stressful times in your life and one of the worst parts can be awaiting the decision on your mortgage application. Typically, the average time for a mortgage application to be approved is around 2 weeks. However,...