PRESS COVERAGE
Is a 40-year mortgage a good idea? Our money expert explains
'Everyone is seeing a rise in the cost of their outgoings' - Adrian Anderson's acknowledgement of the financial reality facing borrowers in 2023 set the context for his assessment of 40-year mortgage terms in Ideal Home. He explained that stretching the repayment period has become one of the few available levers for keeping monthly costs manageable in a higher-rate world: 'One way to do that is by having the maximum possible mortgage term.' But the trade-off is real - total interest paid over a longer term is substantially higher - and Ideal Home readers were encouraged to model both scenarios before choosing.
Extract Published - 20th June 2023
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7 ways to boost your chances of mortgage approval - from a money expert
Seven practical steps to improve mortgage approval chances - Ideal Home's guide featured two contributions from Adrian Anderson that stood out for their concreteness. For self-employed applicants: 'Tell your accountant you are going to be applying for a mortgage in the near future so they can file your return, as any increased amount you pay yourself may have an impact on your mortgage capacity.' On choosing a broker: 'A good broker will know each lender's criteria and which lender should be most suitable for you based on your circumstances and mortgage requirements.' Both pieces of advice addressed gaps that cost borrowers approvals.
Extract Published - 25th April 2023
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Why are mortgage rates going up? Experts explain
Why are mortgage rates going up, and when will they come back down? Ideal Home commissioned Adrian Anderson to provide clear, accessible answers to the questions its readers were asking most urgently in early 2023. He explained how Bank of England decisions feed into different mortgage types at different speeds, and gave a realistic assessment of the timeframe over which easing might begin. His contribution helped readers understand that waiting for rates to fall before taking action is itself a financial decision - with real consequences attached to it.
Extract Published - 2nd February 2023
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Best first-time buyer mortgages available right now - October 2022
First-time buyers in October 2022 were navigating one of the most rapidly changing mortgage markets in recent memory, and Ideal Home turned to Adrian Anderson to help them find their footing. He explained how the sudden repricing of mortgage products was affecting first-time buyer affordability in particular, given the sensitivity of smaller deposits to rate changes, and walked readers through the process of finding and securing a suitable deal in a market where products were appearing and disappearing within days. His core advice: work with a specialist broker rather than trying to navigate lender criteria alone.
Extract Published - 10th October 2022
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The best remortgage deals starting at 2.49% for October 2022
September 2022 offered remortgaging borrowers a closing window of opportunity - deals were still available at reasonable rates, but the window was narrowing fast. Ideal Home featured Adrian Anderson's guidance on how to use that window effectively, covering whether it made sense to pay an early repayment charge to exit a current deal and the considerations around two-year versus five-year fixes at a moment of unusual rate volatility. His view: the specific numbers depend entirely on individual circumstances, and the value of getting that analysis right has never been higher.
Extract Published - 21st September 2022