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Whole of Market Mortgage Advice
Oakdene Mortgages are independent, whole-of-market mortgage and protection brokers serving clients In Brighton & Hove, East & West Sussex and across the UK. We’re proud to have built a reputation for excellent service, with 5-star reviews from clients who value our approachable style and expert knowledge. From first-time buyers navigating their first purchase to landlords building their portfolio, we combine experience with genuine care to ensure you feel confident and supported throughout the process. All with no Broker Fees
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Whether you are a first time buyer, experienced landlord, home mover, looking to remortgage or to raise money for an extension, Oakdene Mortgages are here to help you every step of the way.
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It is crucial to ensure that your family, home and loved ones are protected in the event of death, critical illness, accident & sickness.
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Savills has published its latest five-year outlook for the UK housing market, including predictions for house price growth between now and 2030. The report predicts that house price growth will be subdued in the short term, with the average home expected to rise in value by just 1.0% in 2025 and 2.0% in 2026. This slow pace is due to ongoing uncertainty about the economy and weak demand from buyers. However, the landscape is expected to gradually improve as interest and mortgage rates ease. Savills predicts house price growth of 4% in 2027 and 5% in 2028, with a peak of 5.5% in 2029. Across the five-year period, property values are anticipated to rise by a total of 22.2%. Regional forecasts Regional variations in house price growth are expected to persist. The strongest growth is forecast in the North East, and Yorkshire and the Humber, where prices are predicted to rise by 28.8% by 2030. On the other hand, weaker growth is expected in London and the South of England, where houses are less affordable. In the capital, home values are only expected to increase by 13.6% over the next five years. Need support navigating the changing property market in the coming years? Contact us for advice. Your home may be repossessed if you do not keep up repayments on your mortgage Sources: https://www.thisismoney.co.uk/money/mortgageshome/article-15256621/House-prices-rise-22-2-five-years-adding-80-000-typical-value-says-Savills.html
A report has revealed that only a quarter of working adults in the UK have an income protection (IP) policy. According to research from LV, only 27% of the working population have a financial safety net to protect their income if they are unable to work due to illness or injury. Despite this, half of those surveyed said they would feel more financially resilient if they had appropriate IP cover. The most financially vulnerable group Interestingly, the survey found that couples are the most likely to be financially vulnerable, with 45% relying on both partners’ incomes to cover monthly expenses. This is more prevalent among the younger generations, as 70% of working couples aged 18-24 depend on both salaries to keep up with monthly bills. Limited savings increase vulnerability The average working adult has three people who rely on them financially. But many survey respondents had a limited savings pot. A third have under £5k in savings, nearly a quarter have less than £1k and one in ten have no savings at all. This is particularly worrying considering that household debt reached an average of £20,640 in 2023-24. Don’t leave it to chance – we can help you source the right cover for your circumstances. As with all insurance policies, conditions and exclusions will apply Sources: https://protectionreporter.co.uk/lv-finds-only-27-of-working-adults-in-the-uk-have-ip-policies.html
Millions of UK homeowners are choosing to renovate their existing home instead of moving. In England and Wales, about 1.7 million homes (one in 15 properties) have undergone significant renovation work. These homes are marked with ‘official improvement indicators’, showing that they have had major structural changes, such as an extension or loft conversion. Legally, Council Tax cannot be increased on homes with improvement indicators until the property is sold or there is a general revaluation of all domestic properties. The growing preference for renovation over relocation is likely due to the rising costs associated with moving home, including Stamp Duty charges, mortgage rates and property prices. Your home may be repossessed if you do not keep up repayments on your mortgage Sources: https://www.msn.com/en-za/news/other/data-millions-of-brits-renovate-homes-rather-than-move-to-avoid-costs/ar-AA1MzVrw
Research has revealed the best UK commuter towns, offering lower house prices whilst being in proximity to major cities. Remote working became the ‘new normal’ during the pandemic, but now three-quarters (76%) of employees are back working in the office at least three days a week. Many people can’t afford to live in London, where the average house price is £588,300. Peterborough was ranked the best commuter town near the capital; it’s a 50-minute train to King’s Cross and the typical home costs £238,800. In Edinburgh, the average property costs £287,110; however, Wishaw is located 45 minutes away by train and offers lower prices of £111,670. In Cardiff, homes are typically £280,760, but in New Tredegar, the top commuter town, properties are less than half the price at £108,600. Sources: https://www.zoopla.co.uk/discover/property-news/best-commuter-towns/
Data shows that the number of people buying a home with a Lifetime ISA (known as LISA) increased in the 2024/25 tax year. According to the statistics, 82,750 account holders withdrew money from their LISA to buy their first home, which is about 30,500 more than in the previous tax year. Also, the average withdrawal for a property purchase increased by around £857 to £15,782 in 2024/25. The increase is likely due to FTBs rushing to complete their transaction before the stamp duty changes came into effect in April 2025. More incur withdrawal charges While many are using LISAs for their intended use, there are some account holders who are paying the price for dipping into their savings. Money can be withdrawn from a LISA when buying your first home (costing £450,000 or less), when you are aged 60 or over, or if you are terminally ill (with less than 12 months to live). If you withdraw funds for another reason, there is a charge of 25%. In the year 2024/25, there was £102m in LISA withdrawal charges, up from £75.3m the year before. It's important to explore alternative options before making an unauthorised withdrawal from your LISA. Your home may be repossessed if you do not keep up repayments on your mortgage Sources: https://uk.finance.yahoo.com/news/lifetime-isa-savers-clobbered-102-104936374.html?guccounter=1
New data indicates that first-time buyers (FTBs) are taking out longer mortgages to help them move straight into their ‘forever home’. In August, a third (33.5%) of FTBs bought a semi-detached property, up 1.7% when compared with the same month in 2024. Meanwhile, only 19% purchased a flat, representing a 2.7% annual decline. The most popular property type among new homeowners was three-bedroom properties, which accounted for 46% of all FTB purchases in August. Looking for the long-term Historically, FTBs would enter the market by buying a smaller property, with the intention of moving up the ladder later. However, it seems that this trend is changing. Many new homeowners are aiming to purchase a longer-term home from the outset, rather than upsizing after a few years. Longer mortgages To afford larger homes, FTBs are opting for longer mortgages, with 41.3% taking out a mortgage of at least 30 years in August. In fact, 37% of borrowers said that mortgages spanning 30 to 40 years are more appealing because it meant lower monthly repayments. However, repaying a mortgage over a longer period means paying more interest overall, increasing the total cost of borrowing. Your home may be repossessed if you do not keep up repayments on your mortgage Sources: https://www.thisismoney.co.uk/money/mortgageshome/article-15099631/First-time-buyers-mega-mortgages-buy-forever-home.html https://www.msn.com/en-ie/money/homeandproperty/first-time-buyers-take-out-mega-mortgages-to-buy-a-forever-home/ar-AA1MC7gQ?ocid=finance-verthp-feeds&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1
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