What You Need to Know about Help to Buy

Help to buy may no longer be headline news but it is providing valuable support to people buying a new home, up to 31st March 2016, or earlier if all the funding is taken up.  In particular it can help first time buyers struggling with the challenge of finding enough savings to put down a […]

How to Save with an Off set Mortgage

Buying a home is generally one of life’s most significant events, even for those who have been through the process before.  This being so, getting the right mortgage can have a major impact on the family finance. What Kinds of Mortgage Are Available? With a repayment mortgage, the monthly payment covers both the capital sum[…..]

How to Bag Christmas Bargains

Christmas comes but once a year and for all the fun it brings it can be a significant drain on the family finance.  With that in mind, it’s worth looking at opportunities to see where savings can be made.  While it may still be too early to put up the decorations, some of the best[…..]

Interest Rate Rises?

The Bank of England are set to hold interest rates until June 2015. According to The National Institute of Economic and Social Research rates are set to remain at their Historic low until after the general election next year. They have forecast rates to rise by 0.5% by the end of 2015 before rising gradually[…..]

Mortgage lending may have hit a plateau

Mortgage lending may have reached a plateau – at half of what it was pre-credit crunch, an industry expert has warned David Copland, director of mortgages at property group LSL, was speaking after the Bank of England announced an unexpected drop in mortgage approvals for last month.There were 57,667 house purchase approvals in June, down[…..]

Conveyancers and Valuers pile on weeks to buying times

Delays in getting valuation surveys carried out and conveyancers struggling with increased workloads are stretching sales out by well over an extra month – leaving buyers’ and sellers’ nerves jangling. The length of time between ‘sale agreed’ and ‘exchange’ is now five weeks longer than normal, according to one agent. Douglas Sleaper, sales director of Townends[…..]

May Mortgage approvals highest since 2009

According to the Bank of England’s Trends in Lending report, out today, mortgage approvals by all UK-resident mortgage lenders for house purchase and for remortgaging rose over the three months to May. Also, the number of house purchase approvals in May was the highest since December 2009. In recent discussions, most major UK lenders reported that[…..]

British housing market gains £156bn in value over last 3 months

 £156 billion was added to the value of British homes during Q2, taking the total value of Britain’s residential housing stock to £6.2 trillion, according to detailed research by Zoopla.co.uk. The increase was driven by a 2.56% (£5,899) rise in the average property value over the second quarter, which took the average value of a[…..]

Murray gives Rightmove the drop-shot

What were you doing on Sunday, July 7th while Britain’s Andy Murray was playing in his second Wimbledon final? For hundreds of thousands of people the answer was that they were searching for their new dream home on Rightmove. However, brand new research from Rightmove reveals that the conclusion of the final proved so compelling[…..]

Back to bank of mum and dad for second steppers

Almost one in five ‘second steppers’ are considering going back to the bank of mum and dad to help with their next move. The price differential between a typical first-buyer home and a second property is £43,000 – rising to £93,500 in the South-East. Over half (55%) of second steppers believe that they cannot afford[…..]