FPG Mortgages

FPG Mortgages Established 25 years ago, we are Independent Financial Planners and Mortgage Brokers based in Teddington, serving clients in South West London and Surrey.

With over 25 years of providing independent mortgage advice to people in Teddington and South West London, we’re here to make arranging your mortgage as smooth and stress-free as possible.

58% of UK adults do not have life insurance, critical illness cover, or income protection, according to the FCA.The aver...
30/06/2026

58% of UK adults do not have life insurance, critical illness cover, or income protection, according to the FCA.

The average outstanding mortgage debt per household in the UK is £139,699. If something happened to you tomorrow, that debt does not disappear. It stays with whoever is left.

There are 12.4 million outstanding mortgages in the UK, totalling over £1.7 trillion. Most of those mortgages are not backed by adequate life cover.

1.8 million fixed rate mortgages are set to end in 2026 alone. For most people that means a remortgage conversation. Very few use it as a moment to check whether their life cover still matches their mortgage balance.

If you'd like to review your cover, we're happy to help. Please contact Steve Padgham on 020 8614 4782.

Swap rates have fallen over the past month across the board. The two-year swap rate is down from 4.03% to 3.94%, while t...
30/06/2026

Swap rates have fallen over the past month across the board. The two-year swap rate is down from 4.03% to 3.94%, while the five-year swap rate has fallen from 4.07% to 3.99%.

Never heard of swap rates? Here's the quick version.

Think of Bank Rate as today's weather. Swap rates are the forecast. Lenders don't price your fixed-rate mortgage based on what's happening today; they price it on where the market expects rates to go. When that forecast improves, fixed rates can start to come down before the Bank of England makes a move.

The mainstream media will give you house price headlines and Bank Rate speculation. But quietly, the swap market has been moving in the right direction, and lenders are already starting to reflect that in their pricing.

If your fixed-rate deal is ending within the next six months, or you're buying or moving home, it's worth having a conversation sooner rather than later. Please contact Steve Padgham on 020 8614 4782.

UK Mortgage Rate Update: Current mortgage rates remain highly competitive, with two-year fixed deals from 4.19%, three-y...
30/06/2026

UK Mortgage Rate Update: Current mortgage rates remain highly competitive, with two-year fixed deals from 4.19%, three-year fixed deals from 4.24%, five-year fixed deals from 4.31%, and two-year tracker mortgages from 3.96%.

June has seen lenders continue to refine pricing despite the Bank of England keeping Bank Rate unchanged at 3.75%. While borrowers had hoped for further rate cuts this summer, policymakers opted to hold rates amid ongoing concerns about inflation and global economic uncertainty.

The mortgage market remains competitive, with many major lenders reducing selected fixed-rate products over recent weeks as wholesale funding costs have eased.

Recent Bank of England data showed mortgage approvals reached a 15-month high in April before easing back in May, suggesting buyers remain active but are becoming more cautious as affordability pressures persist. Economists expect activity to remain steady through the summer, particularly among first-time buyers and homeowners looking to remortgage before their existing fixed-rate deals expire.

Overall, the outlook remains positive for borrowers, with healthy competition between lenders helping to keep mortgage rates relatively stable. However, future pricing will continue to depend on inflation data and upcoming Bank of England decisions.

Remember, if you (or a friend/family member) have mortgage deal coming to an end, or is on the horizon, call us to talk through your options as we can fix a new deal six months in advance. Then, if mortgage rates improve in the meantime, we can still take advantage of those developments.

If you would like to discuss your mortgage situation, please contact Steve Padgham on 020 8614 4782.

A Guarantor / Joint Borrower Sole Proprietor (JBSP) mortgage allows you to add up to three additional people to a mortga...
13/05/2026

A Guarantor / Joint Borrower Sole Proprietor (JBSP) mortgage allows you to add up to three additional people to a mortgage without making them legal owners of the property. The lender factors in all incomes during the application, meaning your client can borrow more than if they were taking out a mortgage on their own. This structure is often used by parents or other family members helping first-time buyers onto the property ladder.

No Difference to First-Time Buyer Stamp Duty Relief

Your supporting borrowers won’t be listed on your home’s deeds, so any eligible first-time buyer stamp duty relief won’t be affected. Neither will your mortgage’s tax position.

Retired Parents with Reduced Income Can Still Help

This structure is often used by parents or other family members helping first-time buyers onto the property ladder. We often use this structure for clients of wealth managers who have retired or have reduced income. We can use SIPP, ISA, or other UK portfolios instead of income. No charge is taken on the investments. This structure can be used up to age 80 for the guarantor.

Commonly Used for Divorcing Clients

This can also be used for divorcing clients if one party wishes to remain in the marital home and the other wishes to buy another property. By the higher earner acting as guarantor and not being named on the deeds, they are free to purchase another property without incurring the additional 5% stamp duty surcharge.

If you would like to discuss anything mentioned in this post, please contact Steve Padgham by calling him on 020 8614 4782.

TeddingtonTown Group New Malden/Kingston/Teddington/Richmond/Twickenham & Area Mums

“My First Mortgage” is designed specifically to help first time buyers take their first step onto the property ladder wi...
01/04/2026

“My First Mortgage” is designed specifically to help first time buyers take their first step onto the property ladder with a lower deposit requirement, and is offered by Santander, one of the first high street lenders to offer a low deposit scheme.

With a minimum deposit of just £10,000, this product could enable buyers to access borrowing between £190,001 and £500,000, with a maximum loan to value (LTV) of 98%. This makes it an attractive option for those who may have found it challenging to save a larger deposit.

The mortgage comes with a 5 year fixed rate, offering payment stability and protection from interest rate changes during that period. As with most fixed rate products, early repayment charges may apply if the loan is repaid or changed during the fixed term.

It’s important to note that “My First Mortgage” is only available to first time buyers. For joint applications, both applicants must meet these criteria. Additionally, the product is not available for flats, new build properties, or homes located in Northern Ireland.

As always, suitability will depend on individual circumstances, so seeking professional advice is key to understanding whether this option is the right fit

Things to consider with low deposit mortgages

If the value of your home falls, you might end up owing more than it’s worth. This is known as negative equity
A higher loan to value (LTV) may lead to a higher interest rate on your mortgage.

If you or someone you know is looking to make their first purchase and struggling to save for their deposit, this could be a good solution for them.

As whole of market mortgage brokers, we have access to numerous lenders who offer low deposit mortgage solutions. Reach out today for a free of charge initial consultation at our expense.

CALL US ON 020 8977 7090 FOR MORE INFORMATION

TeddingtonTown Group New Malden/Kingston/Teddington/Richmond/Twickenham & Area Mums What's on in Teddington Teddington

House Price Growth Surged In March - NationwideAnnual house price growth increased to 2.2% in March, according to Nation...
01/04/2026

House Price Growth Surged In March - Nationwide

Annual house price growth increased to 2.2% in March, according to Nationwide. This compares to 1% in February and follows a 0.9% month-on-month rise, bringing the average property price to £277,186.

Robert Gardner, Chief Economist at Nationwide Building Society, commented:
“The pickup in house price growth suggests that the market has regained momentum following the slowdown recorded around the turn of the year.

“However, the sharp rise in global energy prices in response to developments in the Middle East represents a significant shock to the global economy, clouding the outlook.”

Teddington Community TeddingtonTown Group New Malden/Kingston/Teddington/Richmond/Twickenham & Area Mums

Address

1 Cambridge Road
Teddington
TW118DT

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

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