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Young people face a difficult choice when it comes to buying their first home. Whilst owning your own home is still a strong trend in the British economy many people are struggling to get on the property ladder. With the cost of living spiralling and many still paying off their university debt, finding the money […]
So you want to get on the housing ladder, make sure you start building your personal wealth and stop throwing money down the drain on renting a property? Many will say easier said than done and they will be right as it is undoubtedly much harder to get a first time buyers mortgage these days. […]
Risking sounding like a broken record, I will tell you once more that reviewing your mortgage deal, especially if you are not on a fix term deal, can actually save you a lot of money. Your mortgage is, in most cases, the biggest loan you will ever take and as such it needs to be […]
If you are a first time home buyer you almost certainly would have to jump through a number of hoops in order to secure a mortgage these days. With the changes to legislation and the introduction of affordability checks it is not just a case of finding the best deal for you anymore. If you […]
There are many valid reasons as to why you might still be renting a property rather than owning your own home: Deposits are high and require saving and help from family There has been a lot of talk about interest rates going up creating uncertainty Applying for a mortgage is timely and costly process Tightened […]
Despite the average first time buyer Loan to Value ratio (LTV) steadily dropping resulting in ever growing deposits, the number of first time buyers in the UK reached their highest level in July since the recession, paying an average of £161,985, some 8.9% more than a year ago, according to the latest index. * So […]