If you’re selling a home, it makes sense to highlight its most attractive features. To do this, you need to understand what today’s buyers want. With that in mind, here are some property selling points you should consider. Location You’re selling a place to live so be sure to let potential buyers know why they […]
Mortgage
Is The UK Housing Market In A Bubble?
The Stamp Duty holiday has arguably been the housing-market equivalent of the January sales. It got people out and spending at a time when they might otherwise have stayed at home and saved. Like the January sales, however, it must come to an end (barring any major surprises). So what will happen to the housing […]
Mortgage Lending Reaches A New High
According to the Bank of England, in March 2021, gross mortgage borrowing hit £35.6bn. Repayments, however, totalled just £23.8. This is the highest net difference since records began in 1993. What’s more, it’s happening with a global pandemic still in progress. This raises the question of what is behind these figures and what they mean […]
The Silver Market Lacks Luster For Mortgage Lenders
If you thought the self-employed had a hard time in the mortgage market, you’d be right. According to the latest data from the MBT Affordability Index, only 70% of self-employed mortgage applicants found at least one lender able to meet the loan. For customers aged 55 and over, however, the figure was 64%. So why […]
Understanding Mortgages and Interest Rates
At a basic level, interest rates are easy to understand. The higher they are, the more the borrower pays the lender and vice versa. In the real world, however, there can be a lot of nuance. With that in mind, here’s a quick look at the main types of mortgages and how interest rates apply […]
LTV And The Affordability Issue
Since the beginning of the Stamp Duty holiday, there has been an overall increase in the price of property in the UK. There has also been an increase in the number of people searching for 95% mortgages. Should this be ringing alarm bells? Here are some points to consider. The MMR should stop a repeat […]