For first-time buyers in the UK, the journey to homeownership is multi-faceted, with considerations extending beyond the basics of affordability and safety to encompass overall life satisfaction and community attributes. The Co-operative Bank’s recent research sheds light on the most conducive cities for first-time homeowners, evaluating factors such as average house prices, crime rates, life […]
Mortgage
Remortgaging Boosts the Market
In the closing months of 2023 and into the early part of 2024, the UK mortgage market exhibited signs of resilience and recovery, particularly driven by a notable increase in remortgaging activity. This resurgence, as highlighted by recent data from Octane Capital and LMS, suggests a cautiously optimistic outlook for both lenders and borrowers navigating […]
Enhancing First-Time Buyer Awareness: Exploring Affordable Home Ownership Schemes
In the journey towards home ownership, 20% of first-time buyers are not aware of the affordable home ownership schemes available to them, a study by Barratt Homes reveals. This gap in awareness underscores a significant hurdle for many who find the dream of owning a home just out of reach, highlighting the need for increased […]
A Guide To Early Repayment Charges on Your Mortgage
Paying off a mortgage early can feel like achieving financial liberation. However, this freedom often comes with a price: early repayment charges (ERCs). Understanding how ERCs work, their typical costs, and strategies to avoid them can save homeowners significant amounts of money. This blog explores the intricacies of ERCs and offers guidance on how to […]
Tips for First-Time Buyers and Re-Mortgagers
Introduction Whether you’re stepping onto the property ladder for the first time or considering re-mortgaging, preparing for a mortgage application can be a daunting task. The process involves several crucial steps, and being well-prepared can significantly enhance your chances of a successful application. This guide offers essential tips for both first-time buyers and those looking […]
A Year in Review: The UK Mortgage Industry in 2023
Introduction As 2023 draws to a close, it’s an opportune moment to reflect on the dynamic and ever-evolving landscape of the UK mortgage industry. The past 12 months have seen significant developments, driven by economic changes, regulatory adjustments, and consumer behaviour shifts. This review delves into the key trends and events that have shaped the […]