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 […]
mortgages
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 […]
Spring Budget
Chancellor Jeremy Hunt’s Spring Budget has introduced several initiatives with significant implications for the UK’s property market, particularly for first-time buyers and long-term investment strategies. A notable commitment in the budget is the plan to facilitate the building of over a million new homes, signalling a strong push to increase property availability and assist young […]
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 […]
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 […]