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?”

Homeowners put off moving due to stress

If you find yourself recoiling at the prospect of selling up and finding a new property, you’re not alone. Quite apart from Brexit uncertainty and the housing market slowdown, it seems that many homeowners are putting off moving because it’s simply too stressful. Concerns about moving to a new location, having noisy neighbours and high … Continue reading “Homeowners put off moving due to stress”

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)”

Over-55s borrowing £11m a day against their homes

Many older people turned to their properties as a source of cash last year, due to the rising costs associated with later life. In 2018 homeowners borrowed nearly £11 million a day against the value of their homes, via the process known as ‘equity release’. Borrowing via equity release is at an all-time high in … Continue reading “Over-55s borrowing £11m a day against their homes”

How your family can help you buy a home

Your parents would love to help you onto the property ladder – they just don’t have a huge lump sum to give you. Fortunately there are other ways for them to help, from guarantor mortgages to family flexible mortgages. We take you through the main options, and their pros and cons. As a first-time buyer … Continue reading “How your family can help you buy a home”