The property market fightback begins

Home-buying has virtually ground to a halt due to the lockdown – but efforts are already underway to get the market moving again. Remote valuation and viewings, and the return of low-deposit mortgages, are among the encouraging signs. Positive signs are emerging that the UK property market may soon restart some activities in a limited … Continue reading “The property market fightback begins”

The UK property market freeze – what it means for you

The COVID-19 lockdown has put the UK’s housing market on hold. Find out what impact this could have on you, whether you’re hoping to buy, sell, move home or just remortgage – and how long it might last. The UK government has defied King Canute, and held back the UK’s most powerful tide: the property … Continue reading “The UK property market freeze – what it means for you”

What does 2020 hold for the mortgage market and you?

There is no doubt that the property market has been affected by ongoing economic and political uncertainty. However, despite hesitation from buyers and vendors, resulting in reduced activity in certain areas, recent research indicates that the property market over the next 12 months shows signs of resilience1. Sales volumes are expected to stabilise, whilst prices … Continue reading “What does 2020 hold for the mortgage market and you?”

Bank of Mum & Dad still paving the way to property purchases

Children are still relying on financial assistance from their parents to get their foot on the property ladder. For ‘Generation Rent’, becoming a homeowner is harder than ever, meaning that the Bank of Mum and Dad continues to play a significant role. Parental support has become so vital, in fact, that the Bank of Mum … Continue reading “Bank of Mum & Dad still paving the way to property purchases”

Are your finances mortgage-ready?

Time spent organising your finances before you apply for a mortgage will help lenders assess your suitability and may even result in them lending you more. ASSESS CURRENT DEBTS A prospective lender will want to know about any debts you already have. If you can afford to, pay down loans and credit card balances, but … Continue reading “Are your finances mortgage-ready?”

Is there life after Help-to-Buy?

The Help-to-Buy ISA is closing to new savers after 30 November 2019. Existing account holders will still be able to keep their Help-to-Buy ISAs, but must claim their 25 per cent bonus (payable on completion of a first home purchase) by 1 December 2030. For nearly four years this ISA has helped prospective first-time buyers … Continue reading “Is there life after Help-to-Buy?”

Shortage of suitable homes scuppers downsizing plans

Once their offspring have left home, parents can often find the family house is too big for their needs and expensive to maintain. That’s why, as retirement approaches, many people think about downsizing, and moving to a smaller, easier-to-manage home that’s cheaper to run. However, it seems that suitable properties might not be that easy … Continue reading “Shortage of suitable homes scuppers downsizing plans”

Lifetime ISA investors losing out to high fees

People using the Lifetime ISA to save for a first home, or to boost their retirement income, may be sacrificing thousands of pounds to avoidable management fees. But lower cost alternatives are available. The Lifetime ISA (LISA) has been a godsend for first-time buyers, offering the fastest way to save a deposit for a first … Continue reading “Lifetime ISA investors losing out to high fees”

How to save up a deposit in 6 years (or less)

Saving a deposit for your first home can seem like a mountain to climb. However, if you approach this challenge in the right way you’ll find it can be conquered – just as mountains can be. There’s a cruel paradox at the heart of the housing market, which is that it’s usually more expensive to rent … Continue reading “How to save up a deposit in 6 years (or less)”

Brexit delay spurs the housing market

The slowdown in the housing market caused by Brexit uncertainty is showing signs of shifting, thanks to the postponement of the UK’s leaving date. Asking prices are bouncing back as more homeowners decide they can wait no longer. After more than six months of falling buyer enquiries, the slowest house price growth for six years … Continue reading “Brexit delay spurs the housing market”