Many high earners, with big mortgage obligations, are finding themselves unable to refinance, as lenders tighten lending criteria following the recent tax increases. Many homeowners who bought during the pandemic when the market was booming, may find themselves trapped and unable to move if they have gone beyond their means to buy the property. With […] →Read more
During the pandemic the governments incentive to remove stamp duty levy for all properties up to £500,000, sparked a rush for buyers to purchase larger and more expensive properties by taking out home loans for extended periods. There is a prediction from experts that the cost of living increases we are currently experiencing could have […] →Read more
It’s everyone’s dream to have a home built specifically for them. Designed with lifestyle and taste in mind, home builds have proved to be very popular over recent years. More recently, spiralling inflation and shortages in materials and labour, alongside the war in Ukraine, have caused costs of building a new home to sky rocket. […] →Read more
First-time buyers looking to get on the Scottish property ladder could be facing an uphill struggle this year, as average property prices reach new record-highs. For the seventh time within the past 12 months, the average market value of a home in Scotland has broken all previous records. New data from the Walker Fraser Steele […] →Read more
Following the Spring Statement this month, by the Chancellor of the Exchequer, Rishi Sunak, landlords and homeowners were given the good news that all materials used for improving energy efficiency in their properties would now be VAT free for the next 5 years, down from the previous figure of 5%. This reduction in tax represents […] →Read more
Homeowners, who have taken advantage of equity release finance, are now able to make additional partial payments without any charges or penalisations, in a bid to reduce borrowing costs. Although this is a feature already offered with some later life lending products, as of the 28th March, the Equity Release Council have announced that it […] →Read more
Bridging Loans for Property Development: How Does it Work? Specialist development finance is a popular choice for property developers and construction companies, providing prompt access to significant sums of money for extensive and ambitious projects. However, there are scenarios where a bridging loan for property development could be a better choice. Unlike development finance, bridging […] →Read more
According to mortgage advisor L&C, people looking to remortgage their homes are expected to pay on average an additional £800 each year when compared to just five months ago. The analysis was based on several parameters using the basis of a homeowner who had 40% equity in their property, was looking to take on a […] →Read more
The Bank of England is under increasing pressure to raise interest rates as the Russian attack on Ukraine escalates. Despite the conflict bringing a high level of economic uncertainty to the UK, and warnings from the Chancellor of a turbulent future, base rates are expected to rise to 0.75% this week. This, coupled with the […] →Read more
More than 500 mortgage deals have been made unavailable by building societies and banks over the last month, with home buyers being left with no other choice than to take on mortgages with high interest rates. According to Moneyfacts, an institution that provides financial information services, when compared with data from the beginning of February, […] →Read more
Economic uncertainty has become the norm, as the UK continues to deal with the lingering aftereffects of COVID-19. But while some sectors are struggling to get back to pre-pandemic performance levels, others are breaking records left, right and centre. Once again, average house prices hit a new all-time high in February, exceeding £260,000 for the […] →Read more
As inflation increases and the cost of living rises, many homeowners are looking for ways to reduce spending. One way this can be done is by cutting the cost of their mortgage. UK households are bracing themselves for the predicted increases in their monthly outgoings due to the increase in inflation and the escalating energy […] →Read more
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