A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
How will the Stamp Duty cut help First Time Buyers?
In the November Budget, the Chancellor announced that Stamp Duty will be scrapped for First Time Buyers purchasing properties with a value of less than £300,000. He claimed that this move will cut the Stamp Duty tax for 95% of First Time Buyers and abolish it for 80%*. What this means for First Time Buyers… Read More
Lighting can add value to your house
According to the latest Lighting Guide from our friends at Light My Space, good lighting can increase the value of your property*. In fact, estate agents, garden designers and property experts place outside lighting as fourth in a list of garden features that significantly add value to a property, with 66% believing good outside lighting… Read More
Government to give First Time Buyers a £10bn boost
The Government have promised to help First Time Buyers by injecting the Help to Buy Scheme with more money. The extra £10bn is thought that it will help another 135,000 people get onto the property ladder. This is on top of the 200,000 people that the scheme has helped to date*.
House prices rise by an average of 4%
According to the latest report by Halifax, house prices across the UK have risen by an average of 4% in the year to September. Halifax also found that the average price of a property in the UK has risen to £225,109 which is the highest it has been*.
1 in 4 move house to be near a good school
Research from Santander has found that a quarter of parents move house in order to be within the catchment area of a good school. Families are also prepared to spend an extra 12% to buy within their chosen school catchment address, adding £26,800 to the average UK property price. 1 in 5 also of those… Read More
£35 billion worth of houses ready to remortgage by the end of October
Latest research by consumer data company, CACI shows that there are a large number of deals coming to the end of their fixed term this Autumn. And this means that, over the next couple of months, they are predicting a “remortgage frenzy”. This was reported on the Your Mortgage website.
Property sales up in June
According to the National Association of Estate Agents (NAEA Propertymark) the number of property sales agreed by estate agents increased from May to June this year. And, those from First Time Buyers made up 30% of those sales which is the highest amount since January*.
Not switching mortgage provider could cost you
According to Citizens Advice, being loyal to your mortgage provider could cost you over £400 a year. The charity found that, those who didn’t switch mortgage provider and stayed on their current lender’s standard variable rate faced an average loyalty penalty of £439 a year*. Their research also found that, First Time Buyers, who typically… Read More
Two-year mortgage rates hit record lows
Latest data from Moneyfacts shows that two-year mortgage rates have hit record lows. Driven by the increasing competition amongst lenders, the data shows that the average two-year fixed rate has fallen from 2.55% to 2.26% during the last year*.
House prices bounce back
Latest findings from the Nationwide house price index show that UK house prices have bounced back in June. This follows three months where house prices fell slightly. The latest Nationwide index reveals that, in June, house prices grew by 1.1% on the previous month, while annual house prices rose by 3.1% taking the average house… Read More