Common Bank Statement Mistakes That Could Delay Your Mortgage

Applying for a mortgage is exciting, but it often involves more scrutiny than people expect. One of the first things a lender looks at is your bank statements and Bank Statement Mistakes. They give a real-time picture of how your money is managed, whether your income is steady, and whether your spending habits suggest you can comfortably take on a mortgage.

For many buyers, this can feel like an extra layer of pressure. The good news is that most issues seen on bank statements are entirely avoidable once you know what lenders are watching for.

Here are the most common red flags, what they mean, and how to prepare.

Frequent use of overdrafts Bank Statement Mistakes

Occasional dips into an arranged overdraft rarely cause problems, particularly if your overall finances look stable. The concern arises when there is a clear pattern of relying on overdrafts to get through the month. If this happens regularly, lenders may question whether the mortgage payments will be manageable.

Gambling transactions

Even small, regular payments to online betting companies are closely reviewed. Lenders are not judging your lifestyle, but they do have to consider financial stability and self-control. Regular gambling activity can be seen as a higher risk when considering long-term borrowing.

Payday loans

Repayments to short-term lenders usually signal previous financial strain. These types of loans can make mainstream borrowing more challenging, as they could suggest difficulties meeting regular commitments in the past.

Large or unexplained transfers

Significant sums moving in or out of your account without a clear reason can raise questions about undisclosed debts, informal loans, or financial arrangements that haven’t been declared. Lenders need to understand your full financial position to assess affordability.

Irregular or inconsistent income

For people with variable income, such as those on commission or freelance work, lenders look for predictability. If income fluctuates widely without a clear pattern, it may prompt further questions. Supporting documents, such as invoices or payslips, can help provide reassurance.

Missed payments Bank Statement Mistakes

Late payments for small items like subscriptions may seem trivial, but they can indicate struggles with day-to-day money management. A single slip is unlikely to cause an issue, but repeated missed payments can weaken a lender’s confidence.

The bigger picture

It is important to remember that no single entry on a statement is judged in isolation. Lenders look at overall stability, consistency, and whether your outgoings appear well managed. Occasional oddities are not unusual. What matters is the general pattern.

How to prepare your statements

You cannot change the past, but you can take sensible steps to present your finances clearly and avoid unnecessary delays. These include:

• Ensuring all bills are paid on time.
• Keeping a buffer in your account where possible.
• Avoiding new borrowing in the months before applying.
• Being ready to explain any irregular transactions.

If you know your income varies from month to month, preparing evidence upfront can make the process smoother.

Why this matters

For many first-time buyers and home movers, the mortgage application process can feel daunting. Bank statements are designed to help lenders check that repayments will be sustainable, not to catch people out. Understanding what lenders look for can make the process far less overwhelming and help your application progress more smoothly.

For more information go to Mortgage – The Finance House

For information on The Finance House go to 503683 – Search Firms – FCA Register

‌Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 27^th November 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

How New Energy Efficiency Rules Could Affect UK Landlords and Tenants

The Government is preparing major changes to the energy efficiency requirements for rental properties across England and Wales with new Energy Efficiency Rules. These proposals form part of a wider push to make homes warmer, greener, and more affordable to run.

Although the plans are still subject to consultation, landlords and tenants may wish to be aware of what is being considered and how it could shape the rental market over the coming years.

What the Government is proposing with new Energy Efficiency Rules

The central proposal is to raise the minimum Energy Performance Certificate (EPC) rating for privately rented homes. Under the current rules, properties must achieve at least an E rating. The Government is exploring an increase to a stricter C rating for new tenancies from 2028, with all existing tenancies to be included by 2030¹.

This represents a significant shift and could mean substantial upgrades for many rental homes, particularly older properties. The aim is to reduce household energy use, improve warmth and comfort, and support the UK’s long-term environmental targets¹.

A new way of assessing energy performance

Alongside the higher targets, the EPC system is being reviewed. The existing methodology is based on estimated running costs, which can disadvantage homes that use electricity for heating—even when using efficient modern heat pump systems.

A revised system and new Energy Efficiency Rules is expected to look more closely at actual building performance. This may include:

• heating systems and insulation
• heat loss indicators, window performance and draught-proofing
• the impact of new technologies, such as smart meters and home energy monitoring

The intention is to create a more accurate picture of a property’s efficiency.

2030: A challenging target for landlords

If the proposals go ahead, the scale of change required is considerable. Industry analysis suggests a large proportion of rental homes would need improvement works to reach a C rating.

A range of upgrades may be necessary. These could include improving insulation, replacing older windows, or upgrading heating systems. Landlord surveys indicate that many expect to face costs ranging from a few thousand pounds to much more for extensive work².

While the initial investment may be significant, energy-efficient properties tend to have lower running costs and may be more attractive to tenants.

Potential benefits for tenants

Tenants could see longer-term advantages if these rules are introduced. Energy-efficient homes typically benefit from²:

• lower heating bills
• increased comfort during colder months
• fewer issues with damp and condensation

Industry research has suggested that the difference between a lower-rated and higher-rated rental home could amount to hundreds of pounds per year in energy savings.

As energy bills remain a concern for many households, these improvements may offer valuable relief.

What happens next?

The Government’s consultation closed earlier this year. Final decisions, including any spending caps and timelines for implementation, are expected in due course¹.

Once confirmed, landlords will have clarity on what is required and when upgrades must be in place. Many may choose to review their properties in advance so they can plan any necessary work in an organised and cost-effective way.

References:

1. GOV.UK  (2025). Improving the energy performance of privately rented homes: 2025 update. Available at: https://www.gov.uk/government/consultations/improving-the-energy-performance-of-privately-rented-homes-2025-update   [Accessed 25 Nov. 2025].
2. NewsAgent (2025). New EPC Regulations 2025: How to Save your Landlords Thousands. Available at: https://blog.goodlord.co/new-epc-regulations      [Accessed 25 Nov. 2025].
3. For more information go to Mortgage – The Finance House

‌

‌Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 27^th November 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Important Warning About Mortgage “Quick Fixes” Circulating Online This Christmas

As the Christmas period approaches and household budgets come under extra pressure, many homeowners start searching for ways to manage their outgoings with Mortgage “Quick Fixes”. Recently, however, the Financial Conduct Authority (FCA) has issued a firm warning about misleading information online that could leave borrowers worse off¹.

A number of websites and social media posts are promoting so-called “promissory notes”, claiming they allow borrowers to avoid making their mortgage payments with Mortgage “Quick Fixes”. These claims may appear convincing at first glance, but they are incorrect and can lead to serious financial consequences¹.

What is a promissory note, and why the FCA is warning against Mortgage “Quick Fixes”?

The documents being sold typically claim that¹:

• a “trust” or third party will take responsibility for your mortgage
• or that the note itself settles the mortgage in full
• or that lenders must legally accept it as payment

The FCA has confirmed that these statements are false. A promissory note is not a recognised method of paying a mortgage, and sending one to a lender does not remove the requirement to make your normal payments¹.

Some people have paid significant sums for these documents, believing they would help, only to find that they hold no value.

Why relying on these claims can cause real harm

Using a promissory note does not pause or settle a mortgage. This means borrowers may unknowingly fall into arrears if they stop making their usual payments. This could¹:

• impact their credit file
• increase the total amount they owe
• reduce future mortgage options
• in the worst cases, place their home at risk

These schemes are often targeted at homeowners who are already under financial pressure, which can make the situation even more difficult.

What you can do if you are concerned about your mortgage payments

If you are worried about upcoming payments, please do not rely on information from unregulated online sources. There are legitimate steps you can take.

1. Contact your lender as soon as possible

Lenders must treat customers in financial difficulty in a fair and considerate way. Depending on the circumstances, they may explore temporary or longer-term options with you. These vary case by case and are not guaranteed.

2. Speak to your mortgage broker

If you would like help understanding the information provided by your lender or would like to discuss your mortgage more generally. While we cannot make decisions for your lender, we can help you understand what certain options may mean for you.

3. Consider free, confidential debt support

If you feel under significant financial strain, reputable organisations can offer guidance on budgeting and debt management. These include:

• Citizens Advice²
• StepChange Debt Charity³
• National Debtline⁴
• MoneyHelper⁵

These services are independent and may help you review your wider financial position.

A final reminder for homeowners

During financial stress, it can be tempting to believe in a simple solution. However, anything claiming to cancel a mortgage instantly or remove the need to make payments should be treated with caution. The FCA has clearly warned that promissory notes do not work and may cause real financial harm¹.

If you have any questions about your mortgage or want help understanding the process, we are here to support you.

References:

1. FCA. (2025). Struggling with your mortgage? Avoid risky offers. Available at: https://www.fca.org.uk/consumers/struggling-mortgage-avoid-risky-offers     [Accessed 25 Nov. 2025].
2. Citizens Advice. (2025). Citizens Advice. Available at: https://www.citizensadvice.org.uk/    [Accessed 25 Nov. 2025].
3. ‌ Stepchange.org. (2025). StepChange Debt Charity. Free Expert Debt Help & Advice. Available at: https://www.stepchange.org/   [Accessed 25 Nov. 2025].
4. Nationaldebtline.org. (2023). Free Debt Advice and Support | National Debtline. Available at: https://nationaldebtline.org/ [Accessed 25 Nov. 2025].
5. MoneyHelper (2025). Free and impartial help with money, backed by the government | Available at: https://www.moneyhelper.org.uk/en [Accessed 25 Nov. 2025].
6. For more information go to Mortgage – The Finance House

‌‌Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 27^th November 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Budget 2025

Chancellor Rachel Reeves has delivered her Autumn Budget 2025, the first major fiscal statement of the year for this Labour government. We wanted to provide you with an overview of the most notable announcements made in yesterday’s speech.

Personal taxation Budget 2025

• National Insurance (NI) and income tax thresholds will remain frozen for an additional three years beyond 2028, gradually pushing more people into higher tax brackets.
• The annual cash limit for under-65s using cash ISAs will be restricted to £12,000. The remainder of the £20,000 allowance must be used for investment products.
• Basic and higher income tax rates applied to property, savings and dividend income will rise by two percentage points.

Wages, benefits and pensions Budget 2025

• From April, the cap preventing households on Universal Credit or Child Tax Credit from receiving support for a third or subsequent child will be removed.
• The statutory minimum wage for workers aged 21 and over will rise by 4.1%, from £12.21 to £12.71 an hour.
• The minimum wage for those aged 18 to 20 will increase by 8.5%, from £10 to £10.85 an hour, as part of a move toward a single adult rate.
• The basic state pension and the newer state pension will increase by 4.8% in April, exceeding current inflation, in line with the triple-lock commitment.
• From 2029, employees using salary-sacrifice pension schemes will start paying NI on contributions above £2,000 a year.
• The Help to Save scheme, which offers bonuses to eligible Universal Credit claimants, will be extended and expanded beyond 2027.

Housing and property Budget 2025

• Homes in England valued at more than £2 million will be subject to a council tax surcharge of between £2,500 and £7,500, linked to a revaluation of properties in bands F, G and H.

Transport

• Fuel duty will remain frozen for five months after April, then increase gradually from September 2026.
• A mileage-based tax for electric and plug-in hybrid vehicles will be introduced from 2028.
• Regulated rail fares in England will be frozen next year, marking the first full freeze since 1996 (although some previous rises were below inflation).
• Premium car models will no longer be available through the Motability scheme, which provides cheaper vehicle leases to eligible disability-benefit recipients.

Drinking and smoking

• From 2028, the tax on sugary drinks will be extended to include pre-packaged milkshakes and lattes, reversing the exemption put in place when the levy was first introduced in 2018.

UK growth, inflation and public finances

• The Office for Budget Responsibility expects the UK economy to grow by 1.5% this year, up from its 1% forecast in March.
• Inflation is forecast to average 3.5% this year, fall to 2.5% next year and return to the 2% target in 2027.

Other measures

• English regional mayors will gain the power to introduce a tax on overnight accommodation in hotels and holiday lets, similar to existing or proposed measures in Scotland and Wales.
• The NHS prescription charge in England will remain at £9.90 for another year; prescriptions continue to be free in Scotland, Wales and Northern Ireland.

Source

BBC (2025). Budget 2025 summary: Key points from Rachel Reeves’s speech. BBC News. Available at: https://www.bbc.co.uk/news/articles/cj4w44w42j5o            [Accessed 26 Nov. 2025].

For more information go to Mortgage – The Finance House

‌All the information in this article is correct as of the publish date 27^st November 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

What First-Time Buyers Need to Know This Summer And How to Be Prepared

Summer 2025 presents a rare opportunity for first-time buyers. Lenders are reintroducing 100 % mortgages, increasing income multiples, and easing affordability tests. While this may help those struggling to save for a deposit, thorough preparation is essential. If you are considering buying your first home this summer, here is what to know and how to get ready.

Understand the New Mortgage Landscape

Several lenders, including April Mortgages and Gable Mortgages, have launched 100 %, meaning buyers can borrow the full value of a property without any deposit if they meet strict criteria¹.

Gable Mortgages offers a five year fixed rate of approximately 5.95%  for standard properties and 5.65% for newbuild homes¹. Other lenders, including Skipton, Barclays and Halifax, are launching or reintroducing similar no deposit products.

Get Your Finances in Order

Before applying, especially for First-Time Buyers, you need to present a strong financial profile. Lenders will assess the following carefully:

1. Your credit report, ensuring it contains no errors.
2. Your existing debts, including credit cards and loans.
3. Clear and documented bank transaction history, showing consistent income and no unexplained withdrawals or gambling transactions.
4. Your rental payment history, as some lenders use this as proof of affordability.

Your mortgage adviser can guide you in cleaning up your financial records, advising on what is acceptable and what could harm your application.

Secure a Mortgage in Principle

A mortgage in principle is a preliminary agreement from a lender based on your income and credit profile. It provides clarity on how much you might be able to borrow and shows estate agents and vendors that you are a serious buyer. Crucially, a mortgage in principle arranged by your adviser will not affect your credit rating.

Consider the Total Costs

Buying your first home involves more costs than just the purchase price. You should budget for:

• Solicitor and conveyancing fees
• Valuation and survey costs
• Possible mortgage arrangement fees (some lenders allow these to be added to the loan)
• Stamp duty, though many firsttime buyers pay little or none 
• Home insurance and life or income protection, which your adviser can help to include in a review

Your mortgage adviser can help plan these costs to avoid financial surprises later on.

Understand the Risks

Zero deposit mortgages come with higher interest rates and a greater risk of negative equity should house prices fall. Ask your adviser to stress test your budget against repayment rates increasing by 1% or 2%. This helps ensure you can comfortably meet repayments, even if economic conditions change. Vital for First-Time Buyers.

Speak to Your Mortgage Adviser Early

Preparation is key. Your mortgage adviser can:

• Help you understand which nodeposit and low deposit options you qualify for
• Run credit and affordability health checks
• Explain the implications of higher interest and monthly costs
• Advise on protection policies to safeguard your financial commitments
• Keep track of repayment buffers, interest rises and building equity

With 100% mortgages and flexible lending returning this summer, the time to act is now. Speaking to a mortgage adviser if you are First-Time Buyers early will ensure you approach the process with clarity and confidence.

Sources:

1. Mortgage Solutions (2025). Gable Mortgages enters market with 100% LTVs. Available at: https://www.mortgagesolutions.co.uk/news/2025/05/20/gable-mortgages-enters-market-with-100-ltvs/ [Accessed 24 Jun. 2025]. 
2. For more information go to Mortgage – The Finance House

‌Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 3^rd July 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Home Insurance and Emergency Cover: Are You Protected for Summer Risks?

Summer should be a season of rest, sunshine and barbecues rather than worry about your home. Yet the warm months can bring specific risks that many homeowners overlook. Leaving windows open, hosting garden parties, holiday travel and the strain of burst pipes from evening temperature drops all bring hazards. Now is the time to check that your home insurance and emergency cover are fit for purpose.

Summer Risk Checklist

It is important to consider the main summer threats your home might face and whether your policy provides adequate protection:

Accidental damage
This includes mishaps like breaking a window or damaging internal walls during DIY. Most standard policies exclude this unless the option is added separately¹.

Fire
BBQs, patio heaters and outdoor fires may seem harmless but pose serious risks. Check that your policy covers fire damage from such activities, especially close to the house.

Theft
Gardening tools, outdoor furniture or bicycles can be attractive targets when left outside, especially when homes are unoccupied on holidays.

Water leaks or burst pipes
Summer showers or heater malfunctions can cause sudden water damage. Most buildings policies include sudden leaks but may not cover the cost of locating the leak unless that option is added².

Storm or weather damage
Extreme weather and storms remain a threat even in summer. Structural damage from fallen branches or flooding is normally covered, but you should confirm the level of excess and limits of your policy.

Policy Add-Ons to Consider

Many homeowners are unaware of additional options that could prove vital:

• Garden theft cover
  Standard contents policies may exclude items kept outside, yet these can be stolen. 
• Home emergency cover
  This protects against urgent issues such as burst pipes, boiler breakdowns, electrical faults or roof damage. It typically includes callout fees, labour costs and basic parts with a capped limit per claim³ .
  A recent review shows that adding emergency cover may cost just about £40 to £50 annually, yet it can save hundreds if a tradesperson is needed out of hours⁴.

Why You Should Review Annually

An annual checkin on your buildings and contents cover is advisable, particularly ahead of the summer season:

• In 2024, The average UK home insurance premium was £395 per year, an alltime high due to the rise in weather damage claims⁵.
• Claims for escaped water account for about 29 per cent of all claims, making sure you are adequately covered is incredibly important⁶.
• Some policies may include emergency cover automatically but place caps on callout costs or number of claims. It is best practice to check both your insurer’s terms and your policy schedule regularly.

How Your Mortgage Adviser Can Help

We can help you review your protection alongside your mortgage to ensure everything is in place. This can save you from unwelcome surprises and allow you to act swiftly if the unexpected happens. When you discuss the summer risks and your cover, we can:

• Check whether your mortgage and insurance policies are consistent
• Confirm that substantial home improvements or contents changes are covered
• Help you decide if you should add emergency cover or accidental damage protection
• Advise on whether your insurance excess and caps are appropriate for your home and budget

Final Word

Summer should be about enjoyment, not worry. Take a few moments during June or July to tick off your Home Insurance protection checklist. Do you have accidental damage cover, burglary protection, water leak cover, storm damage safeguard and emergency callout insurance? And are your home insurer and mortgage adviser both fully aware of what you need? If you are unsure or would like reassurance, speak to your mortgage adviser today. Ensuring your protection is aligned with your mortgage can give you peace of mind and keep both your home and your finances secure.

Sources:

1. Directline.com. (2020). Accidental Damage Cover: What’s Included? [online] Available at: https://www.directline.com/home-cover/magazine/accidental-damage [Accessed 25 Jun. 2025].
2. 0800homefix.  (2024). 0800homefix.. Available at: https://www.0800homefix.com/plumbing/does-building-insurance-cover-leaks-navigating-policy-details-for-water-damage-claims/ [Accessed 25 Jun. 2025].
3. Gocompare.com. (2024). Plumbing and Drainage Insurance Cover | GoCompare. Available at: https://www.gocompare.com/home-insurance/home-emergency-cover/plumbing-and-drainage/ [Accessed 24 Jun. 2025].
4. The Sun (2024). Is home emergency cover worth it? We explain whether insurance is an alternative…  Available at: https://www.thesun.co.uk/money/30062726/home-emergency-cover-insurance-worthwhile/ [Accessed 24 Jun. 2025].
5. Abi.org.uk. (2024). More action needed to protect properties as adverse weather takes record toll on insurance claims in 2024  Available at: https://www.abi.org.uk/news/news-articles/2025/2/more-action-needed-to-protect-properties-as-adverse-weather-takes-record-toll-on-insurance-claims-in-2024/ [Accessed 24 Jun. 2025]. 
6. MorganClark (2020). Home insurance claim statistics 2021. Available at: https://www.morganclark.co.uk/about-us/blog/uk-home-insurance-claim-statistics/ [Accessed 24 Jun. 2025].
7. For more infomation, go to Protection – The Finance House

All the information in this article is correct as of the publish date 3^rd July 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Mortgage Timebomb: Could Your Monthly Repayments Be About to Soar?

Millions of households across the country are heading for a financial jolt as their fixed-rate mortgage deals start to come to an end and your repayments Be About to Soar?. These deals were often taken out during the pandemic when interest rates were at record lows. Now, with those rates no longer available, many borrowers could see their monthly repayments rise sharply¹.

The average household switching from a fixed-rate mortgage in the coming two years is projected to see a monthly increase of £146. That may not sound much in isolation, but for households already feeling the pinch, it could be the tipping point¹. 

This change will affect many borrowers between now and the end of 2026 Repayments as repayments be About to Soar?. If you are one of them, it is important to understand what is coming and to act now before the pressure begins to build.

What You Need to Do Right Now

The first step is to check when your existing mortgage deal ends. If you are within 6 to 12 months of expiry, you should speak to your mortgage adviser straight away. Getting early advice can make a big difference. There may be opportunities to secure a new deal well in advance, helping you avoid last-minute panic and potentially saving you money.

Your adviser can help you review your current rate, compare what is available on the market, and ensure your next step is the right one for your personal circumstances.

Be Prepared for Higher Monthly Payments

If you took out a mortgage during the pandemic, it is likely you have been enjoying a very low interest rate. With those deals ending, you may find your repayments increase substantially. This is particularly true if you move on to your lender’s standard variable rate without arranging a new deal.

Your mortgage adviser can help you stress-test your budget to see what future repayments might look like. This means calculating how your monthly payments could change, giving you time to adjust your finances before any increases take effect.

Is Your Income Protected?

As monthly payments rise, more households will be operating with smaller financial safety nets. That is why it is important to consider how you would continue to meet your repayments if your income were to fall due to illness, injury, or redundancy.

Income protection and mortgage payment cover can offer a financial lifeline in difficult times. These types of policies are designed to help cover essential costs like your mortgage if the unexpected happens. Speak to your adviser about what protection options are available and which ones might be suitable for you.

Why You Should Not Wait

The mortgage market is already becoming busier. Many borrowers are looking to remortgage early, which could lead to delays later in the year. By acting now, you can beat the rush and give yourself the best chance of securing a good deal.

Some lenders allow you to reserve a mortgage rate in advance. That means you may be able to secure today’s rates even if your current deal does not end for a few more months.

Your mortgage adviser will be able to tell you whether this is an option and help you navigate the process and help if your repayments Repayments Be About to Soar?

In Summary

If your mortgage deal is ending within the next year, now is the time to act. Speak to your mortgage adviser to:

• Review your current deal and find out when it ends
• Understand how your repayments may change
• Explore new mortgage deals ahead of time
• Consider income protection or mortgage payment cover

The sooner you start planning, the more options you are likely to have. A quick conversation now could prevent a costly shock later.

Sources:

1. The Independent (2024). Mortgages: Bank of England warns costs will jump for millions by end of 2027. Available at: https://www.independent.co.uk/news/uk/home-news/best-mortgage-rates-deals-price-b2655926.html [Accessed 25 Jun. 2025].
2. For more information go to Mortgage – The Finance House

‌Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 3^rd July 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Simple Summer Projects That Could Add Thousands to Your Home’s Value

Summer is the perfect time to tackle those home improvements you have been putting off. But instead of just ticking off a list of repairs, why not focus on the projects that can actually add value to your property? Add Thousands to Your Home’s Value.

Whether you are planning to sell soon or simply want to enhance your living space, these simple updates could increase your home’s appeal and potentially boost its value by thousands of pounds.

Freshen Up the Exterior with a Coat of Paint

The outside of your home is the first thing anyone sees, and a tidy, well-maintained exterior makes a lasting impression. Painting your front door, window frames or external woodwork can dramatically improve kerb appeal. According to several property experts, a smart and clean-looking exterior could add £15,000 to a home’s value, depending on the scale of the work and the existing condition of the property¹.

These types of jobs are ideal for summer, as dry, warm days help paint and treatments to set properly. They are also low-cost, often requiring little more than a weekend of effort and a few cans of quality paint. If you are repainting near open walls, fences or doors, remember to check that fire alarms remain active and that you are not doing anything that might affect your home insurance without informing your provider.

Tidy Up Your Patio or Decking Area

Outdoor spaces are a big selling point, especially during the summer. Cleaning up your patio or refreshing your decking can make your garden far more usable and attractive. Tasks like replacing broken slabs, power-washing surfaces, sanding and re-staining decking, or adding simple lighting features can transform a tired space into a relaxing retreat.

Well-maintained gardens can contribute as much as 5% to a property’s sale value¹. For a home valued at £300,000, that could mean a potential boost of £15,000 . Before carrying out any electrical work outdoors, always use a qualified professional and check that your home insurance policy covers outdoor fixtures.

Add Loft Insulation for Year-Round Savings

Loft insulation might not be the most glamorous summer project, but it is one of the most cost-effective. Adding or upgrading insulation can help reduce heat loss during winter and keep your home cooler in the summer. Studies suggest that homeowners can save up to  £790 a year on their energy bills after insulating a poorly insulated loft².

Although the cost of professional insulation varies depending on the size and accessibility of the space, it is an investment that can pay for itself within a few years. Summer is an ideal time to get this work done because loft spaces are dry and easier to access when temperatures are higher.

Install a Smart Thermostat

Smart thermostats are becoming increasingly popular among homeowners looking to manage their heating more efficiently. These devices allow you to control your home’s temperature remotely and can adjust automatically to your habits. Some models can even detect when windows are left open and respond accordingly.

The cost of a smart thermostat device typically ranges from £110 to £300, and installation may cost a further £70 to £150 depending on the complexity of your heating system. Homeowners often save between 10%-15% a year on energy bills, and smart technology can add up to 2% to 5% of the property’s value³. 

If you are considering installing a smart thermostat, make sure your boiler is compatible and use a certified engineer. You should also let your home insurer know about the upgrade, as it may affect your policy.

Before You Begin: Safety and Financial Considerations

Before starting any improvement project, when trying to add Thousands to Your Home’s Value, test your smoke alarms and check that you are not invalidating your insurance policy. This is particularly important if you are doing DIY or using external tradespeople. If you are planning structural work, installing new wiring or making major upgrades, you may also need to notify your local authority or mortgage provider.

This is where your mortgage adviser can help. If you are making significant changes to your home, it is always best to check whether trying to add Thousands to Your Home’s Value will affect your mortgage terms, your insurance cover or your overall protection. An adviser can guide you on whether you need additional cover, whether a valuation will be affected, or whether now might be a good time to review your mortgage deal in light of your investment in the property. Add Thousands to Your Home’s Value

The Bottom Line

July is a great time to invest in your home and add Thousands to Your Home’s Value. From painting and patios to insulation and smart tech, there are projects that suit every budget and can boost the comfort, energy efficiency and value of your property. Just remember to plan carefully, stay safe, and always speak to your mortgage adviser before making any big decisions that could affect your finances or your cover.

Sources: 

1. The Sun (2025). 7 easy and cheap home improvements that could add £75,000 to your home…  Available at: https://www.thesun.co.uk/money/33358192/easy-cheap-cost-effective-home-improvements/ [Accessed 24 Jun. 2025].
2. EDF. (2024). Home Insulation Installs | Loft & Cavity Wall Insulation | EDF. Available at: https://www.edfenergy.com/heating/insulation#footnote-energy-saving-trust-home-insulation-costs [Accessed 24 Jun. 2025].
3. Homeadviceguide (2021). Understanding Smart Thermostat Installation Cost: A Complete Guide. Available at: https://www.homeadviceguide.com/smart-thermostat-installation-cost/  [Accessed 24 Jun. 2025].
4. For more mortgage information, go to Mortgage – The Finance House

All the information in this article is correct as of the publish date 3^rd July 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Is Your Heating at Risk? Why 900,000 Homes Must Upgrade Electricity Meters Before 30th June 2025

Almost one million homes across Great Britain are being urged to check their electricity meters following an important announcement from the energy regulator¹ about Upgrade Electricity Meters. A nationwide switch-off of a decades-old system could affect how heating and hot water are delivered in many properties. If you or someone you know has an older electric meter and uses an off- peak electricity tariff, this could be essential reading.

What is happening?

The Radio Teleswitch Service (RTS), sometimes called the Dynamic Teleswitch Service (DTS), is a technology that was introduced in the 1980s. It sends a radio signal to some older electricity meters to tell them when to switch between peak and off-peak rates. This allows households to heat their homes and water overnight when electricity is cheaper.

However, RTS is now reaching the end of its operational life. The signal infrastructure is no longer considered reliable or maintainable. As a result, the RTS signal will be permanently switched off on 30 June 2025¹.

According to Ofgem, around 900,000 RTS meters are still in use across Great Britain. All energy suppliers are expected to upgrade these meters before the switch-off date¹.

Why does it matter?

If you do not replace your RTS meter in time, your heating and hot water may stop working properly. For example, your system may switch on or off at the wrong time or fail to charge overnight. You might also be charged at the wrong times of day, which could result in significantly higher electricity bills.

This will not affect every old-style meter. Only RTS or DTS meters are impacted. However, if your property uses electric storage heaters, panel heaters, or immersion heaters, there is a strong chance you may have one.

How to tell if you have an RTS meter

There are a few signs to look for:

• You may have a separate switch box near your electricity meter that is labelled “Radio Teleswitch”.
• Your home is heated using electricity and does not have a gas supply.
• You live in a rural area or a high-rise flat.
• You are on a multi-rate tariff such as Economy 7, Economy 10, or Total Heating Total Control, where you pay cheaper rates at night.

If you are not sure, you should contact your electricity supplier. They will be able to confirm whether you have an RTS meter and arrange for an upgrade.

What should you do? Upgrade Electricity Meters?

The only technical replacement for an RTS meter is a smart meter. Smart meters can be programmed to deliver a similar service and will continue to support off-peak tariffs where available. Most households will be offered a smart meter by their electricity supplier at no cost.

If a smart meter cannot yet be installed in your area or property, your supplier will arrange for a suitable alternative. They are required to contact affected customers before the deadline to offer a replacement.

However, with hundreds of thousands of upgrades still needed, it is advisable to act early to ensure you are not left without heating or facing unnecessary delays.

What happens if you do nothing?

If you do not upgrade your RTS meter:

• Your heating and hot water may no longer function as intended.
• The system might stay on all the time or not come on at all.
• Your electricity supplier will not be able to record accurate peak and off-peak usage.
• You may lose access to cheaper off-peak rates and see your energy bills rise.

What are the benefits of a smart meter? And Upgrade Electricity Meters

Smart meters are modern devices that provide many advantages. They allow for automatic readings, accurate billing based on actual usage, and real-time monitoring of your energy consumption. Some tariffs are only available to smart meter users, and the meters make it easier to identify areas where energy can be saved.

Final advice about Upgrade Electricity Meters

If you are a homeowner, landlord or tenant and think your property might be affected, contact your electricity supplier as soon as possible. They will guide you through the process and arrange for a new meter to be installed in time.

Waiting too long could mean being caught out after the signal is switched off. It is better to be safe and make sure your home continues to run smoothly.

Sources:

1. National Energy Action (NEA). (2025). What you need to know about the Radio Teleswitch Service switch-off. Available at: https://www.nea.org.uk/radio-teleswitch-service-switch-off/#:~:text=Energy%20regulator%20Ofgem%20estimates%20there,their%20heating%20and%20hot%20water  . [Accessed 27 May 2025].
2. For more information, go to Mortgage – The Finance House

‌All the information in this article is correct as of the publish date 29^th May 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

What Landlords Need to Know About the Renters’ Rights Bill

The Renters’ Rights Bill is expected to become law this year and will introduce significant reforms to the private rented sector in England. The changes are designed to improve tenant rights and raise housing standards, but they also bring new responsibilities for landlords¹.

This is a good time for landlords to understand what is coming, consider the potential impact on their business, and begin planning accordingly.

Changes to Tenancy Structure

The Bill will abolish Section 21 evictions. This means landlords will no longer be able to end a tenancy without giving a reason. All tenancies will become periodic by default, with tenants able to end their tenancy at any time by giving two months’ notice. Landlords will need to use specific legal grounds if they wish to regain possession of their property¹.

These grounds include moving into the property, selling it, or responding to tenant behaviour such as rent arrears or antisocial conduct. In some cases, landlords will need to wait twelve months after a tenancy begins before using certain grounds, and must give four months’ notice if they wish to repossess the property to sell or move in¹.

New Legal Requirements

The Bill introduces a number of new legal obligations. These include¹:

• Joining a mandatory Private Rented Sector Landlord Ombudsman Scheme
• Registering on a new national Private Rented Sector Database
• Updating tenancy agreements to reflect changes in the law
• Considering reasonable requests from tenants to keep pets in the property
• Complying with the Decent Homes Standard, which will now apply to the private rented sector
• Avoiding rental discrimination against tenants with children or those in receipt of benefits
• Ending the practice of rental bidding by setting and advertising a fixed asking rent

Failure to meet these requirements may result in financial penalties, limitations on repossession rights, or legal action.

Financial and Operational Considerations

There may be additional costs and administrative work for landlords. This includes time spent updating tenancy documents, ensuring compliance, and potentially upgrading properties to meet new standards.

However, there are also potential benefits. Tenants who feel secure and well-treated are more likely to remain in a property long term. This can reduce void periods, improve rental income consistency, and reduce arrears. Well-maintained properties that meet modern standards may also retain or increase their value over time.

It is important to note that landlords will still be able to increase rents once per year, in line with market rates, by serving a Section 13 notice¹. Tenants will have the right to challenge any proposed increase through the First-tier Tribunal if they believe it exceeds market value.

What Landlords Can Do Now

Although the exact implementation date is yet to be confirmed, the Bill is likely to come into force later this year, possibly from October. Landlords should consider taking action now to prepare.

1. Review tenancy agreements to ensure they reflect the upcoming changes.
2. Check compliance with minimum housing standards and consider if any upgrades are needed.
3. Ensure awareness of the new ombudsman and database registration requirements.
4. Assess your property portfolio to identify underperforming properties or those that may require investment.
5. Discuss your longer-term strategy with a professional adviser if you are considering refinancing, selling, or restructuring your portfolio.

Supporting Clients Through Change

These reforms are significant, but not unexpected. Landlords have successfully adapted to major regulatory changes in the past decade, and many already meet or exceed the standards being proposed.

The Renters’ Rights Bill seeks to improve outcomes across the private rented sector. With timely preparation and professional support, landlords can navigate the changes with confidence.

Source:

1.  Gov.uk (2025). Guide to the Renters’ Rights Bill. Available at: https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/guide-to-the-renters-rights-bill    [Accessed 19 May 2025].
2. For more information, go to Mortgage – The Finance House

The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.

Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

All the information in this article is correct as of the publish date 29^th May 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.

Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.