It can take several years of hard work to be able to afford your first home. Realistically, when the overall economic situation is challenging, it can take even longer. With that said, it is definitely still possible, especially if you use the right strategy. What’s more, the lessons you learn during this process can stand […]
The UK Property Market: A Guide for First-Time Buyers
For first-time buyers in the UK, the journey to homeownership is multi-faceted, with considerations extending beyond the basics of affordability and safety to encompass overall life satisfaction and community attributes. The Co-operative Bank’s recent research sheds light on the most conducive cities for first-time homeowners, evaluating factors such as average house prices, crime rates, life […]
Remortgaging Boosts the Market
In the closing months of 2023 and into the early part of 2024, the UK mortgage market exhibited signs of resilience and recovery, particularly driven by a notable increase in remortgaging activity. This resurgence, as highlighted by recent data from Octane Capital and LMS, suggests a cautiously optimistic outlook for both lenders and borrowers navigating […]
Enhancing First-Time Buyer Awareness: Exploring Affordable Home Ownership Schemes
In the journey towards home ownership, 20% of first-time buyers are not aware of the affordable home ownership schemes available to them, a study by Barratt Homes reveals. This gap in awareness underscores a significant hurdle for many who find the dream of owning a home just out of reach, highlighting the need for increased […]
Downsizing
When considering retirement, the concept of downsizing has emerged as a significant strategy for many, promising not just a simpler lifestyle but also a considerable boost to retirement income. According to recent findings from Savills, homeowners in England and Wales stand to gain an average of £305,090 by transitioning from a four-bedroom to a two-bedroom […]
Spring Budget
Chancellor Jeremy Hunt’s Spring Budget has introduced several initiatives with significant implications for the UK’s property market, particularly for first-time buyers and long-term investment strategies. A notable commitment in the budget is the plan to facilitate the building of over a million new homes, signalling a strong push to increase property availability and assist young […]