Mortgage Advice
with Digby Associates
Buying or managing your home can feel complex, but we’re here to help you navigate it with confidence. From mortgages and equity release to protecting your home and income, we’ll support you in making decisions that feel right for your circumstances.
We help clients find mortgage solutions that are clear, suitable and aligned with their wider financial plans. Whether you are buying your first home, moving property, remortgaging or investing in property, understanding the different options is an important first step.
A repayment mortgage involves paying both interest and part of the loan each month, so the balance is gradually reduced and is intended to be fully repaid by the end of the term.
With an interest-only mortgage, you pay the interest charged each month, with the original loan amount usually repaid at the end of the term through separate savings, investments or the sale of the property.
A fixed-rate mortgage keeps your interest rate the same for an agreed period, helping to provide predictable monthly payments during that time.
A tracker mortgage follows an external interest rate, often the Bank of England base rate, so monthly payments can rise or fall over time.
A buy-to-let mortgage is designed for purchasing property to let to tenants, with lending decisions often based on expected rental income as well as your circumstances.
There are a number of different factors that determine how much you can borrow.
Income-Based Calculations: Lenders typically offer 4-4.5 times your annual income, although some may offer up to 5 times depending on the lender and your financial profile.
Affordability and Expenses: Beyond income multiples, lenders assess affordability based on your income, credit history, existing debt, and monthly expenses. They’ll also consider lifestyle costs (e.g., childcare or travel) to gauge your ability to meet repayments.
Deposit Size: A larger deposit can increase your borrowing power and often leads to better rates.
Our team of experienced mortgage advisors will help you to calculate the amount you can borrow taking all of these into considerations. Get in touch today to arrange a no obligation appointment.
As detailed above there are a range of different types of mortgages available in the market.
Choosing the best mortgage type for you depends on factors like how long you plan to stay in the property, income stability and your tolerance for risk. Our experienced team of mortgage advisors can offer tailored advice on the most suitable product based on your circumstances.
In short, yes you can.
Depending on whether you are self-employed or a Director of a Limited Company will determine the choice of lenders available to you, their lending criteria plus the documentation you will need to provide as part of the process.
You may find that some lenders don’t have an appetite for this type of lending, however there are also specialist lenders available.
Working with a specialist mortgage broker can help to ensure you find the right mortgage provider and product to meet your individual circumstances.
Generally you can make overpayments on a mortgage, however you should always consult your lender or mortgage broker in advance as there may be specific terms and conditions on how overpayments are handled by the lender depending on the type of mortgage you have.
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We help you access the value tied up in your home in a careful and considered way. Equity release can provide greater financial flexibility later in life, while keeping your wider plans in focus.
We help you consider ways to supplement income, fund larger expenses, and make use of the wealth held within your property in a way that supports your retirement plans.
For many people, a significant proportion of their wealth is tied up in their home. Equity release can provide access to some of that value, but it is an important decision that can affect your estate and future options.
Taking a considered approach helps ensure you understand the longer-term impact, available alternatives, and whether it may be suitable for your circumstances. Equity release can provide greater financial flexibility later in life, but it may reduce the value of your estate and affect entitlement to certain means-tested benefits.
We can help you understand how equity release works, explain the options available, and ensure any decision is considered carefully within your wider financial and retirement planning.
The amount you can raise through equity release depends on several factors, including the value of your home, your age, and the type of equity release plan you choose. Generally, the older you are, the more equity you may be able to access. To get an accurate estimate tailored to your situation, our advisors at Digby Associates are fully qualified to guide you through the process. Contact us today for expert advice on how much equity you could release.
Yes, with most equity release plans, such as a lifetime mortgage, you remain the owner of your home. The plan allows you to live there for as long as you wish, while the loan and interest are repaid when the property is sold (usually upon your passing or moving into long-term care). At Digby Associates, our advisors specialize in equity release and can help you understand how it works and whether it’s the right choice for you. Get in touch for tailored advice.
Yes, you can still take equity release if you have an existing mortgage, but you’ll need to use some of the funds from the equity release to pay off the remaining mortgage balance. This is a common scenario, and our experienced advisors at Digby Associates are here to help you navigate this process smoothly. Reach out to us for personalized guidance.
Yes, many equity release plans offer the flexibility to move to a new property, as long as the new home meets the lender’s criteria. This means you can still relocate in the future if needed. Our qualified advisors at Digby Associates can explain how moving with an equity release plan works and help you find a plan that suits your lifestyle. Contact us to learn more.
It is possible to leave an inheritance, depending on the type of equity release plan you choose. Some plans allow you to ring-fence a portion of your home’s value for inheritance purposes. Additionally, repaying the loan early or managing how much equity you release can also help preserve your estate. At Digby Associates, our expert advisors are equipped to help you explore options that align with your goals, including leaving an inheritance. Get in touch for advice tailored to your needs.
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If you have any questions regarding wealth management at Digby Associates please get in touch with our team of qualified financial advisers for a no obligation chat.
We help you protect your home and the people who rely on it. Mortgage protection can help support mortgage repayments if illness, injury or death affects your income.
We help you consider cover that could support mortgage payments, help protect your home, and provide financial security for your family during periods of uncertainty.
Your mortgage is often one of your largest financial commitments, and if your income were to stop, keeping up with repayments can quickly become a concern.
Having suitable protection in place can help reduce that uncertainty, providing financial support at an already difficult time and helping your family remain in their home.
We can help you understand how mortgage protection works in practice, tailor cover to your circumstances, and ensure it fits alongside your wider protection and financial plans.
It supports employee well-being, aids in retention, and can reduce costs associated with long-term absences.
Policies often cover between 50% to 75% of the employee’s gross salary.
Payments usually begin after a deferred period, such as 26 weeks of absence, and can continue until the employee returns to work, reaches retirement age, or for a fixed period.
Common exclusions include pre-existing conditions, self-inflicted injuries, and disabilities arising from criminal activities.