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?
Read more
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.
Read more
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?
Read more
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.
Read more
When preparing to buy your first home, saving for a deposit can be a difficult process.
As house prices, inflation, cost of living and mortgage rates increase, it can mean that some mortgage lenders may require larger deposits of the property value. This can be challenging trying to save a large sum of money and for some within a limited time.
Read more
It’s safe to say that there is a fair amount of confusion currently surrounding the mortgage market. Rates have been on the rise as inflation soars, but what does this mean for you?
Read more
The previous Government Help to Buy equity loan closed to new applicants on October 31st, 2022.
If you’re a buyer eligible for the equity loan, and submitted your application before the cut off, your homebuilder must finish building your home by Saturday 31st December 2022. You must then legally complete and get the keys to your new property by 6pm on Friday 31st March 2023. It has been confirmed that there will be no extensions or exceptions.
Read more
With affordability tests being revised in the wake of the cost-of-living crisis currently happening in the UK, many prospective buyers are looking for ways to improve their chances at securing the best possible mortgage for them.
With house prices still at a high, improving your affordability can be a great way of increasing your chances of securing a mortgage – especially for first time buyers looking to raise a deposit for their first home. Here, we take a look at the most effective ways you can improve your affordability.
Read more
The Bank of England has recently increased interest rates to 0.75% in an attempt to tackle rising inflation in the UK which has reached a 30 year high. This means that the base rate is back to its pre-pandemic level, but what does it mean for both savers and borrowers?
Read more
With interest rates still at low levels and demand for rental properties increasing around the country, investing in a buy to let is a popular choice for many.
Many fixed buy to let mortgage deals will be approaching the end of their term in the first quarter of 2022, so it’s a good idea to review your buy to let mortgage.
Read more