FIRST TIME BUYERS MORTGAGE GUIDE
House prices flat in May
House prices stayed mostly flat in the month of May, with annual house price growth falling by 1%, according to Halifax. We’ve seen phenomenal house price growth in the last few years, but now the situation is changing. House prices remained mostly static in May. The...
Can a side hustle income help with your mortgage?
Are you hoping to buy a property and use your income from a side hustle to support your mortgage application? Unfortunately, not all lenders will factor this into their affordability calculations – here’s what you need to know… With the current cost of living crisis...
100% mortgages are back
Skipton Building Society has launched a new 100% mortgage product for renters who can prove they’ve covered their rent and bills for at least a year. Good news for renters who want to buy their first home. Skipton Building Society has just announced a new 100%...
Slight dip in house prices in April
Prices have dipped, but the housing market remains stable, according to Halifax. Halifax published its House Price Index for April on 9 May, revealing that the average house price decreased by 0.3% in April, following a 0.8% rise in March. Annual house price growth...
Help to Buy scheme back on the agenda
The Prime Minister may bring back the Help to Buy Scheme, which ended in March this year. Prime Minister Rishi Sunak is considering bringing back the government’s Help to Buy Equity Loan Scheme to help more people get onto the property ladder.The scheme only applied...
Common mortgage myths busted
We look at some common misconceptions about mortgages so that you can arm yourself with accurate information and feel more confident about your search for a mortgage loan… Buying a home is an exciting milestone, but it can also be a bit daunting. There are some...
Homeowners better off than renters
Monthly mortgage payments are now cheaper than monthly rental prices, according to Halifax. Good news for anyone thinking of buying their first property. Homeowners are nearly £500 better off annually than renters, according to Halifax. The lender has revealed that...
Why homebuyers should consider financial protection
Not everyone’s finances are in great shape, yet many homebuyers don’t always think about financial protection. We explain why it’s crucial and how it can protect you and your loved ones. Some 12.9 million adults had low financial resilience last May, according to the...
House prices are stable
Despite annual house price growth slowing in all nations and regions in January, Halifax reports that prices are stable – even with the cost of living crisis. UK house prices remained stable in January, according to Halifax. The lender has just published its latest...
Mortgage interest rates keep coming down
Despite today's Bank of England base rate increase, mortgage interest rates look set to keep falling and should be below 4% in a few weeks, according to industry experts. Updated on 2nd February 2023 A few weeks ago, we reported that mortgage interest rates were...