by A553tH4rbour | Jun 29, 2022 | Interest Rates, Mortgages
First-time buyers may get a boost from the recent announcement that the Bank of England will no loner expect lenders to check if they can afford mortgage payments at higher interest rates – but experts do not expect it to lead to a mortgage free-for-all. From 1...
by A553tH4rbour | Jun 26, 2022 | Interest Rtaes, Mortgages, Stamp Duty
Mortgage lenders are expecting the housing market to return to pre-Covid-19 patterns this year after the chaos of 2021. The housing market has felt a little like the wild west over the last year with tales of fierce competition, outbidding and gazumping as people...
by A553tH4rbour | Jun 16, 2022 | Interest Rates, Mortgages
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...
by A553tH4rbour | Apr 11, 2022 | Mortgages, New Mortgages
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...
by A553tH4rbour | Mar 21, 2022 | 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...
by A553tH4rbour | Mar 9, 2022 | Mortgages, New 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...
