It can take several years of hard work to be able to afford your first home. Realistically, when the overall economic situation is challenging, it can take even longer. With that said, it is definitely still possible, especially if you use the right strategy. What’s more, the lessons you learn during this process can stand […]
mortgage advice
The UK Property Market: A Guide for First-Time Buyers
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 […]
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 […]
Understanding Credit Checks Before You Borrow
Grasping the intricacies of credit checks is crucial as they significantly influence your ability to secure loans, including mortgages, and the interest rates you’ll be offered. While they may appear daunting at first, our survey by Royal London reveals that one-third of Britons have not checked their credit report, highlighting the need for clarity. We’re […]
A Concise Guide to Securing a Mortgage and Purchasing Your Dream Home
For many, the journey to homeownership involves borrowing funds. Whether you’re a first-time buyer, investing in property to let, or remortgaging, it’s a substantial commitment. Below, you’ll find vital information to bolster your confidence in making financial decisions regarding home purchases. Understanding the Various Mortgage Types Mortgage options differ based on the term length, monthly […]