FIRST TIME BUYERS MORTGAGE GUIDE

House prices see small decline in July

House prices see small decline in July

Halifax’s House Price Index for July shows a slight price dip and an annual reduction of 2.4%, with house prices ‘little changed’ over the past six months. House prices went down slightly in July by 0.3%, according to Halifax. The lender has published its latest House...

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The base rate goes up to 5.25%

The base rate goes up to 5.25%

The base rate has gone up to 5.25%, marking the fourteenth consecutive increase in the last 18 months. Find out what it means for your mortgage payments. The Bank of England has increased the base rate from 5% to 5.25%. The increase was widely anticipated, despite...

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House prices dipped in June

House prices dipped in June

Prices have gone down slightly in the past month, but Halifax says that it is still receiving a consistent volume of mortgage applications House prices dropped by 0.1% in June, according to Halifax. The lender has just published its monthly House Price Index and has...

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New Mortgage Charter Scheme Introduced

New Mortgage Charter Scheme Introduced

A new scheme for those worried about rising mortgage payments has been introduced by the government. We look at what it covers – and explain why our message to borrowers is always to seek advice. The government has launched a new Mortgage Charter scheme with lenders...

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What to do about rising mortgage payments

What to do about rising mortgage payments

The base rate going up to 5% has shocked many and, of course, means that many people will face higher payments on their mortgages. Here are some key things to consider if you’re worried about rising costs… The recent base rate rise from 4.5% to 5% by the Bank of...

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House prices flat in May

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...

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Can a side hustle income help with your mortgage?

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...

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100% mortgages are back

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%...

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