Like many of life’s big milestone moments, deciding to go ahead and buy a house can be exciting and nerve-wracking. Knowing when is the best time to buy is also tricky. If we lived in a perfect world, you’d time your purchase perfectly when property prices and mortgage rates were at their lowest. However, predicting […]
If you decide to buy a house, it is a huge investment and requires careful consideration, especially, when interest rates are on the rise. From finding the perfect property to choosing which mortgage is right for you and the application process, not to mention increasing inflation and the cost of living, you might be wondering […]
It’s downright dizzying in these complex times, even when making relatively small choices like where to plan your next weekend trip or even important ones like making time to update your insurance provider. Never mind the mammoth task of deciding which mortgage is right for you. You might be a first-time buyer scouting the market […]
You may have noticed some interesting developments if you’ve been closely monitoring the UK mortgage rates. Even though the Bank of England has recently increased rates, the average mortgage rates have been steadily declining. Looking back to December 2021, mortgage rates climbed significantly when the Bank of England began to raise the base rate to […]
In an effort to quell concerns over rising inflation and anxiety over high-interest rates, there is a new commitment in place to support borrowers and their households. The Mortgage Charter is the outcome of meetings led by Chancellor Jeremy Hunt, together with the primary lenders and the Financial Conduct Authority (FCA). The charter is aimed […]
The last few years have been incredibly rocky, financial-wise, with pandemics, stock markets on the rise, and the cost of living crisis. So it is easy to imagine that many households don’t feel as financially fit going into 2023 as they might have felt in previous years. But that isn’t to say it is all […]
The highlight (or low light) from the UK’s most recent mini-budget was the announcement of huge tax cuts. As a result, interest rates have risen, while the pound has plummeted to record lows against the dollar. While the government has since taken a U-turn on this monumental decision, the mortgage market remains quite volatile. With […]
The process of buying a home, while very exciting, is not exactly all fun and games. As you navigate the process, you realise that there are a lot more costs and paperwork involved than you’d ever imagined. Chances are, the word ‘costs’ in this headline may even be unsettling you. Especially if you’re a first-time […]
Since 2013, UK home buyers have been able to access loan assistance thanks to the government’s Help To Buy Equity Loans scheme. During the housing crisis and tough economic times, it has made property ownership a reality for many young people who otherwise would never have been able to afford it.
According to the Financial Times, UK mortgage rates rose at their fastest pace for a decade in the last six months, according to data from the Bank of England. This fuels the expectation that the country’s housing market is cooling after a pandemic-induced boom.
