Many high-earners with large 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...
Cost of Living Crisis: Homeowners Stretch Mortgages to 35 Years
During the pandemic, the government's incentive to remove the stamp duty levy on 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...
Cost of Materials and Labour Spells Disaster for Self-Build Boom in the UK
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...
Average House Prices in Scotland Hit a New All-Time Record High
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...
Landlords and Homeowners to Get Tax Relief to Improve Energy Efficiency
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...
Reducing Borrowing Costs with New Equity Release Rule
Homeowners, who have taken advantage of equity release finance, are now able to make additional partial payments without any charges or penalties in a bid to reduce borrowing costs. Although this is a feature already offered with some later-life lending products, as...
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...
Price of Mortgages Predicted to Be £800 More Per Annum Than in October 2021
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 example of a homeowner who had...