On this week's episode, we explain how to improve your chances of getting a mortgage. Then, we look at how you can maximise your retirement income by using a combination of annuities and drawdown. Finally, Andy highlights three websites that can help predict upcoming changes to the energy price cap before revealing that it's not too late to fix your energy tariff and avoid the likely price increases.

Thank you to our sponsor Lightyear

This show is sponsored by Lightyear - https://moneytothemasses.com/redir/lightyear-isa-pod, a new, straightforward platform offering a Stocks & Shares ISA. With no account, subscription or custody fees, Lightyear’s Stocks & Shares (S&S) ISA will be 10 times cheaper than the average market provider over 10 years (based on research conducted by Capital Economics) and its Cash ISA offers easy access to the Bank of England base rate. Both accounts are flexible, so you can withdraw and re-invest without affecting your annual limit. Capital is at risk and ISA rules apply. Other fees - like foreign exchange fees - may apply. Lightyear UK Ltd is authorised and regulated by the Financial Conduct Authority

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Check out this week's ⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast article ⁠⁠⁠⁠⁠⁠⁠⁠⁠on the MTTM website to see the full list of resources from this week's show.

00:00 - Podcast Episode 49403:31 - Mortgage Preparation and Tips05:17 - Understanding Credit Reports08:07 - Managing Debt and Financial Health09:25 - Understanding Debt to Income Ratio10:15 - The Importance of Credit Utilization11:40 - Managing Old Credit Accounts12:47 - Avoiding New Lines of Credit13:31 - Social Media's Role in Mortgage Applications14:18 - Managing Overdrafts and Direct Debits15:09 - Annual Payments vs Monthly Commitments16:26 - Saving for a Mortgage Deposit17:06 - Understanding Employment History and Mortgages18:20 - Self-Employment and Mortgage Applications20:17 - The Importance of Budgeting21:12 - Working with a Mortgage Advisor22:00 - The Dangers of Misrepresentation22:49 - Maximizing Pension Income31:29 - Understanding Energy Price Caps

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Links referred to in the podcast:

• Speak to a Mortgage Broker*
• Mortgage Comparison Tool
• How to find a financial adviser you can trust
• Energy Price Cap predicted to rise again in April
• What is the cheapest fixed-price energy tariff
• Should I fix my energy prices
• British Gas - Energy price cap prediction
• EDF - Energy price cap prediction
• Eon Next Energy price cap prediction