Idyll

04/10/2025

We’ve moved… but not very far. You’ll find us at;

Rockleigh House, 37 Burton Road, Ashby-de-la-Zouch, LE65 2LF

23/08/2023

Mortgage anxiety? Get some clarity…

We know that there are a lot of people really worried about their mortgage at the moment. But we have consistently found that, when talking with many mortgage customers, getting some clarity can really help. And what we have often heard is that, it’s not quite as bad as feared (not great, but not as bad!).

So, what can you do…

Plan early

If your current deal has some time remaining, perhaps a year or more…
It’s a good idea to plan early. If you are currently on a low fixed deal, adjusting payments now, making overpayments, (limited overpayments are allowed with most fixed products) can help you get used to possible future increases in monthly payments now, and also reduce your balance; which can be a big help when your deal does come to end, improving your chance of getting a competitive rate.

Current deal ending in around 6 months…
Most remortgage offers are valid for 6 months, which means we can apply and secure a deal well in advance. If rates go up, we have secured a product at today’s rates, if things improve, then you are not committed to that offer.

If you have left it late…
A product transfer with your current lender may be a quick and straightforward option.

Whatever you do, don’t do nothing. If you do not want to fix at current levels, and prefer flexibility, a no tie in tracker product (a rate pegged to the Bank of England base rate) is likely to be a lower cost alternative to drifting onto your lenders variable rate.

Worried about your mortgage payments

In those cases where mortgage payment increases could prove unmanageable, there may be things to consider; for example, increasing the mortgage term, or approaching your lender to switch to an interest only payment for a period of time.

Both actions will ultimately lead to more interest being paid over the mortgage term, so careful consideration is needed, but may help in the short term. Our usual advice when it comes to mortgage term is, “the shorter, the better”, but if you’re struggling to pay your mortgage, a longer term may be a practical solution.

Speak to your lender….
If you think you may struggle to pay your mortgage, speak to your lender. The government and Financial Conduct Authority have made it clear that they expect lenders to support borrowers in financial difficulty. Most of the larger lenders have signed up to the Mortgage Charter, which requires lenders to support those who are struggling with increasing mortgage costs in a variety of ways.

We’re here to help

We’re right here at 1a Kilwardby Street, in the centre of Ashby, and we’d really like to help.

We have decided to waive our usual fee for those looking to review the mortgage on their own home. *

We’re a small business, so appointments are limited, but we’re working extra hours to try and help as many people as possible. So please bear with us. We spend a lot of time on the phone, and with customers, so leave a message, send an email or WhatsApp, and we will come back to you.

We know there are some really good mortgage advisers in Ashby, so please do talk to one if you are worried about your mortgage.

*Our usual fee of £195 for residential mortgage applications will be waived for remortgage and product transfers applications made from 1 August 2023 until the end of 2023, but will continue to apply to new purchase applications. A fee of £295 will continue to apply for buy to let mortgage applications. Fee details will be discussed and agreed before any application is made.

02/02/2023

If the news is less bad than expected, does that make it good news? 🤔 We’ll leave that for you to decide…

Interesting analysis here about todays Bank of England interest rate rise.

If you’re concerned about how changes to rates may effect your mortgage, or if your current product is due to come to an end in the next 6 months, please feel free to get in touch for advice.

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

27/01/2023

Fantastic to have Smith Partnership Solicitors here with us at 1a Kilwardby Street!

Great photo too! Now, if anyone has an orange car and can drive past the office, please let us know 😉

We are open, come and see us! 👋

We're really excited to have opened our new office in Ashby-de-la-Zouch, sharing the space with local Mortgage Advisers, Idyll.

While much of our work may still be done over email and phones, we know how important it is for people to be able to come to a convenient office to see us face-to-face and we are delighted you can now do that in Ashby as well.

Find out more about our new branch, here: https://smithpartnership.co.uk/news/smith-partnership-opens-new-offices-in-ashby

Our new address: 1a Kilwardby St | Ashby-de-la-Zouch | LE65 2FR

LoveAshby Ashby Life

26/01/2023

Welcome to Ashby, Smith Partnership Solicitors!

East Midlands solicitors Smith Partnership is looking forward to playing an active role in a brand new community after it opened an office in the market town

11/04/2021

We could not summarise it any better... so here you go. A great read for FIRST TIME BUYERS.

For help and advice, get in touch.

[email protected]
01530 569500

From 95% mortgages to the new help-to-buy scheme, the options are improving

26/02/2021

🤞🤞 There could be some good news for those buyers currently biting their nails, hoping to complete on house purchases before the stamp duty holiday comes to an end.

Rishi Sunak understood to have decided on three-month continuation of tax break in England

26/02/2021

The absence of brown shoes and a navy-blue suit is not the only thing that makes us different.

We’re a truly local company; born in Ashby and living in Ashby, we love helping local customers with their mortgages. We opened our mortgage shop at 1a Kilwardby Street so that customers can drop in for a chat and ask any mortgage questions face to face, over a cup of tea. We can’t wait to be able to do that again, but in the meantime, we’re still working via telephone and Zoom. Like many of you, we’re juggling home schooling with work, so if it makes life easier, we can offer evening appointments too.

With years of experience in mortgage advice, within estate agency, and managing a conveyancing office; we know all about the house moving process. We’ll find the best possible mortgage for you, and then support and guide you throughout your house buying or remortgage journey. We have great relationships with local estate agents and solicitors too. Communication is the key to a smooth move and we’ve got that covered.

If you’re thinking about moving home, buying your first place or if your current mortgage deal is coming to an end in the next 6 months, why not get in touch?

25/01/2021

Lifeline for first time buyers hoping to get onto the property ladder...

Check out this article from The Guardian about the new government Help to Buy scheme aimed solely at first time buyers.

For help and advice on the process of buying with Help to Buy, or for mortgage advice in general, get in touch.

01530 569500
[email protected]

The government’s revamped programme will be targeted at new buyers with a small deposit. It could be a lifeline

09/11/2020

"UK homebuyers told to act fast to beat stamp duty holiday deadline..."

We're here to help with any questions you may have about the mortgage application and home buying process.

[email protected] 01530 569500

Covid restrictions and high demand for mortgages create delays in property process

06/11/2020

Thank you to our lovely client! You can’t beat a treats delivery from Sweet Memory Lane Ashby !!😋
Now… where to hide them from the kids!?😉