Over recent times, tax changes have delivered a sharp blow to the buy-to-let market and yet it has simply rode out the punch and stood firm. This is a pretty clear reflection of the strength of the market, which is essentially based on the fact that the UK has a chronic shortage of housing of […]
Mortgage
How To Plan For Interest-Rate Rises
Even if you’re not a homeowner, you’ve probably noticed that the Bank of England raised interest rates in both December and this February. Given the state of inflation, there may well be more rises on the cards and they may be sooner rather than later. With that in mind, here are some thoughts on how […]
Are You A New First Time Buyer?
Last year, saw 408,379 people collect the keys to their first home. It was the first year the number of first-time buyers had exceeded 400K since 2006. If you were one of those first-time buyers, you might be feeling somewhat nervous about the future. Here are some tips to guide you. Prepare for interest-rate rises […]
Mortgage Lenders Pass On Interest Rate Rise
The Bank of England recently made headlines with its first interest rate rise in three years. This increase is now being passed on to people with variable-rate mortgages. It is also being factored into new fixed-rate products. What’s more, further increases are definitely a possibility. This raises the question of where the housing market goes […]
What Now For Mortgage Holders?
The UK’s base rate is currently just about as low as it can go (and stay in positive numbers). This means that, realistically, there is far more scope for it to go up than down. It’s likely that a lot will depend on the direction of inflation. Mortgage holders should, however, think carefully about how […]
How Quickly Can You Build A Deposit?
It’s common knowledge that first-time buyers are getting older. There are lots of reasons for this. Many of them relate to the fact that people are living longer. Some, however, relate to the difficulties of getting on the property ladder. In particular, first-time buyers often struggle to put together a deposit. The good news is […]