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Sterling & Law Gloucester

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Sterling & Law Gloucester

Sterling & Law Gloucester is an Independent Financial Services company specialising in Mortgages and Protection Policies.

30/10/2026

**Autumn Budget 2026: New support for first-time buyers**

The Government has announced its 'Your First Home' scheme, aimed at helping eligible first-time buyers purchase a new-build property in England.

**How will the scheme work?**

- 20% Government equity loan to reduce the amount needed from a mortgage.
- Deposits potentially as low as 2.5%.
- No interest on the equity loan for the first five years.

**Who could qualify?**

- First-time buyers purchasing eligible new-build homes in England.
- Household income up to £110,000 outside London or £140,000 in London.
- Deposits of 2.5%–15%, subject to regional property price caps.
- Buyers using participating mortgage lenders.

**What should buyers consider?**

The equity loan must be repaid, with the amount linked to the property's value. Interest charges apply after five years, so it's important to understand the longer-term costs as well as the initial affordability.

**What happens next?**

Applications are expected to open in February 2027, with the first equity loans anticipated from April.

**Planning to buy your first home?**

A mortgage adviser can help you assess affordability, review suitable mortgage options and understand the implications of an equity loan.

At Sterling & Law, we're here to help you explore your options. Get in touch to discuss your plans.

*Scheme details are subject to final guidance and eligibility criteria.*

**Your home may be repossessed if you do not keep up repayments on your mortgage.**

25/10/2026

Why can a mortgage application be declined—even when you have a regular income?

There is rarely one universal answer because every lender has its own criteria. Common factors can include:

• The lender’s affordability assessment
• Missed payments or other issues in your credit history
• High levels of existing debt
• Self-employed, variable or otherwise complex income
• A property that falls outside the lender’s policy

Lenders may also review wider spending patterns and financial commitments. A decline from one lender does not automatically mean that every lender will reach the same decision—but making repeated applications without understanding the reason could affect your position.

If you are concerned about your eligibility or have previously been declined, speak to Sterling & Law before submitting another application.

19/10/2026

Could your savings help reduce the interest charged on your mortgage?

An offset mortgage links your mortgage to an eligible savings account with the same lender. Instead of earning interest on those savings, the balance is taken away from your outstanding mortgage before interest is calculated.

For example, if you had a £250,000 mortgage and £30,000 in linked savings, mortgage interest could be calculated on £220,000 instead. Your savings would normally remain accessible, although using them would reduce the benefit.

Offset mortgages will not suit everyone. The available rate, product fees, access arrangements and the amount you regularly keep in savings all need to be considered.

Speak to Sterling & Law to understand whether an offset mortgage could be suitable for your circumstances.

08/10/2026

What’s happening to house prices in Gloucester?

According to Office for National Statistics, the average completed-sale price in Gloucester was £241,000 during Q3 in 2026.

By property type:

• Detached: £417,000
• Semi-detached: £281,000
• Terraced: £211,000

The average price was up by 4.9% compared with last year.

These figures are useful for understanding the direction of the local market, but they are averages rather than valuations of individual homes. The price of a particular property will depend on its location, type, size and condition.

Thinking about buying, moving or remortgaging in Gloucester?

Sterling & Law can help you understand your mortgage options.

24/09/2026

Fixed rate or tracker rate—which could suit you?

A fixed-rate mortgage provides more certainty because your interest rate and monthly payments remain unchanged for an agreed period.

A tracker mortgage usually follows the Bank of England base rate, meaning your payments could fall—but they could also rise.

The right choice depends on your budget, attitude to changing payments, future plans and the individual product terms.

Sterling & Law can help you compare the wider costs and understand which type of mortgage may suit your circumstances.

18/09/2026

The Bank of England has held Bank Rate at 3.75%—but what could this mean for your mortgage?

If you have a tracker mortgage linked directly to Bank Rate, your interest rate and monthly payment are unlikely to change as a result of this decision.

If you’re currently on a fixed-rate mortgage, your monthly payments will normally remain unchanged until your fixed period ends.

However, the mortgage rates available to buyers and people remortgaging can still rise or fall. Lenders consider several factors when pricing their deals—not only the Bank of England’s latest decision.

The next Bank Rate decision is due on 5 November 2026.

Buying, moving home or approaching the end of your current deal?

Speak to Sterling & Law for clear, personalised advice about the options currently available to you.

08/09/2026

Living in Dubai and thinking about buying property in the UK?

Being based overseas does not automatically mean you cannot get a UK mortgage—but the lenders available and the checks involved may be different.

A lender may consider:

• Where you live and work
• Your employment and income
• The currency you are paid in
• The size and source of your deposit
• Your UK credit history
• Your existing financial commitments
• Whether the property will be your home or a buy-to-let investment

Every lender has its own criteria, so getting advice before making an application can help you understand which options may be available.

Sterling & Law can help UK expats in Dubai explore suitable mortgage options for buying property back in the UK.

31/08/2026

Is your fixed-rate mortgage coming to an end?

Three things to check:

1. Confirm the exact date your current deal finishes.

2. Check whether any early repayment charge applies before that date.

3. Start reviewing your options early, rather than waiting until you move onto your lender’s standard variable rate.

Starting early doesn’t mean you have to change immediately. It simply gives you more time to compare your options and plan your next step.

Save this post for later—or contact Sterling & Law for personalised advice.

27/08/2026

Could you save money by remortgaging?

Possibly—but the answer depends on more than the new interest rate.

Before changing your mortgage, consider:

• Your current deal and remaining term
• Any early repayment charges
• Product and arrangement fees
• Your current loan-to-value
• Whether your circumstances have changed

Starting the conversation before your current deal ends gives you time to understand the available options without making a rushed decision.

Contact Sterling & Law if you’d like help reviewing your mortgage.

24/08/2026

The next Bank of England interest-rate decision is due on 17 September—but should you wait before reviewing your mortgage?

The current Bank Rate is 3.75%. At its next meeting, the Bank of England could raise it, reduce it or keep it unchanged.

If you’re buying, moving home or approaching the end of your current mortgage deal, you don’t necessarily need to wait to understand the options currently available to you.

Speak to Sterling & Law for clear, personalised mortgage advice.

Address

2 Longsmith Street
Gloucester
GL12HH

Opening Hours

Monday	9am - 8pm
Tuesday	9am - 8pm
Wednesday	9am - 8pm
Thursday	9am - 8pm
Friday	9am - 8pm

Website

https://www.sterlingandlaw.com/

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