The penny drops podcast: Your guide to mortgages and home buying

In this episode, host Andrea Fox joins Andy Webb, broadcaster, money expert and founder of personal finance blog ‘Be Clever With Your Cash’, to find out everything you need to know about mortgages and buying a home.

What will we be talking about?

There’s a lot to think about when you buy a property, from mortgages and deposits to homebuying schemes and hidden costs. This month we cover:

  • How we can get ourselves prepared for buying a property – financially and practically
  • How your credit score can impact your ability to buy
  • Ways to save for a deposit
  • The pros and cons of home buying schemes
  • What mortgages are, how they work and the different types you can get
  • How to check if you’re eligible for a mortgage
  • Finding a mortgage broker
  • Re-mortgaging and mortgage tips for non-first-time buyers
  • Other housing or hidden costs for homeowners
  • The process of buying a home
  • Things to look out for when viewing properties

Who is our guest?

Andy Webb is a broadcaster, financial journalist and self-proclaimed “money geek” who runs award-winning personal finance blog ‘Be Clever With Your Cash’. Andy worked in broadcasting at the BBC for over 10 years, on programmes such as The Money Programme and The Culture Show, before moving into financial journalism. As well as running his blog, Andy is the resident money expert for Channel 5’s Shop Smart Save Money and contributes to both Moneywise and Reader’s Digest.

All views and opinions expressed in the podcast are those of the guests and not of Royal London.

Where can you listen?

You can download and listen to episodes using the iTunes Podcasts, Google Podcasts, Spotify or Castbox apps – just search for ‘The penny drops’. Make sure to subscribe so you don’t miss any new episodes, and please do leave us a review. We’d love to know what you think of the series.

If you don’t have access to an app, you can listen to the podcast online. We’ll send you reminders about any new episodes in your quarterly member emails.

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions, if you are able to. You can learn more about the value of financial advice on our website.

You can also find lots of helpful information on mortgages and home buying on the following sites:

Preparing to buy
Homebuying schemes
Other housing costs

This episode was recorded in March 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit

Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.

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