Interest Rates go up again!

Interest Rates go up again!

The Bank of England has increased the base rate by 25 basis points to 1.25% The increase marks the fifth base rate rise since December 2021 after a decade of historic lows. The Monetary Policy Committee minutes say that UK GDP was weaker than expected in April, partly...
Ever increasing rent prices

Ever increasing rent prices

The average rent price increased by 8.7% throughout the UK on an annual basis in March, shows new data from HomeLet. This gives an average rent price of £1,078 per month – a 0.8% increase on February. Excluding London, the yearly rise comes to 7.4% and the average...
Lifetime Mortgages

Lifetime Mortgages

A lifetime mortgage is a type of equity release, a loan secured against your home that allows you to release tax-free cash that you have tied up in your home and you can still continue to live there. Lifetime mortgages are available to homeowners aged 55 or over. You...
Zero-hour contract mortgages

Zero-hour contract mortgages

A zero-hour contract mortgage is a home loan specifically for those who don’t have a full-time contract of employment but do have a zero-hour contract. Getting a mortgage on a zero-hour contract can be tricky depending on your situation, as many mortgage lenders...
What is a Buy to Let mortgage

What is a Buy to Let mortgage

A Buy to Let mortgage is for people looking to buy a property to rent out, rather than live in it. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences.  Buy-to-let mortgages are a lot like ordinary...