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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 adds value**.

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ARCHIVE: 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 have more debt and more time left on their mortgage, paid an extra £1,359 a year when their fixed deals expired.

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ARCHIVE: Mortgage lending remains strong

Latest figures from the Bank of England have showed that mortgage lending during recent months has remained robust. In fact, during May, mortgage lending was £3.5 billion which is slightly higher than its recent average. The figures show that the number of mortgage approvals for house purchases was pretty much static at 65,502. However, growth has come from the remortgage market with approvals increasing slightly to 42,955*.

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Archived: Potentially save by remortgaging to a new deal

Latest research by the Moneyfacts UK Mortgage Trends Treasury Report* shows that borrowers could save £2,000 a year by remortgaging to a new deal rather than reverting to the Standard Variable Rate. Their figures show that the average cost of a two year fixed rate mortgage currently stands at 2.3% compared to the average Standard Variable Rate of 4.59%.

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ARCHIVE: Homeowners could save over £2,500 by switching mortgage deal

According to latest figures by L&C Mortgages, many homeowners could be paying too much on their mortgage because they are not on the most suitable deal for them. In fact, their research shows that, by switching a mortgage deal, people could save over £2,500 a year. The research found that four million homeowners were on the standard variable rate which can be a more expensive rate to be on. This was reported on the What Mortgage Website during March*.

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ARCHIVE: Number of people remortgaging up year on year

According to figures from the BBA, the number of people remortgaging their properties rose by 15.7% year on year to January 2017. BBA claim that the rise in people remortgaging can be attributed to the low interest rates with people taking advantage of the competitive mortgage offers. This was reported in the Mortgage Introducer during February*.

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