First Homes- Who and Where will the scheme help the most?
Offering first-time buyers over the age of 18 in England the chance of home ownership with discounts of 30-50 per cent of market value, the Government’s First Homes programme is a successor to Help to Buy.
If buying as a couple, neither partner can previously have owned a home. It must be either a new home built by a developer or a home you buy from someone else who originally bought it as part of the scheme.
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As 2024 comes to a close, many homeowners and first-time buyers are looking for ways to secure the best mortgage deal before the new year. With fluctuating interest rates and shifting market conditions, it’s crucial to act strategically to lock in a favourable rate.
Here’s how you can make the most of the current market to secure a great deal before 2025:
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Following Labour’s win in the July 2024 election, whether you are a prospective buyer, renter or landlord, everyone is eager to understand the implications for the housing market.
Read moreAs we gear up for the 2024 general election, you may be wondering how the political landscape might impact your mortgage options. The period leading up to an election often brings economic uncertainty, and understanding its potential effects on the mortgage market can help you make informed decisions.
From birth through to mortality, the journey of life will throw you challenges to deal with – the majority being exciting challenges, but some sadly not so.
Here we detail some of the many life events and areas where you may benefit from having an independent financial adviser by your side.
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As a landlord in the current climate, the prospect of renewing your mortgage may be met with a mix of anticipation and trepidation.
With mortgage rates fluctuating and economic conditions evolving, the worry of increased cost looms large for many. If your buy to let mortgage is due to be renewed soon, it’s crucial to carefully consider your options and to plan ahead to ease potential financial strains.
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There is an obvious need for more affordable housing in order to assist young adults, who have been priced out of the housing market, in getting onto the property ladder.
Also known as ‘Generation Rent’, many young adults aged 18-40 are unable to purchase a house as a result of paying a high percentage of their income on rent.
So, what can this demographic expect in 2024?
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Offering first-time buyers over the age of 18 in England the chance of home ownership with discounts of 30-50 per cent of market value, the Government’s First Homes scheme is a successor to Help to Buy – but the scale and impact will be very different.
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In June 2023, the Bank of England announced an increase to its base rate by 0.5%, rising to 5% in the thirteenth rise since December 2021. Inevitably, this will affect everyone throughout the UK. So, what does it mean and how does it affect your mortgage?
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The Skipton Building Society have just launched the UK’s first 100% mortgage exclusively for renters who are also first time buyers, aged 21 and over, and are not purchasing a new build flat. This blog aims to help outline how this scheme works and also some of the potential downsides.
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