FIRST TIME BUYERS MORTGAGE GUIDE
Mortgage interest rates are dropping
The property market will benefit from interest rates going down, and rates are expected to keep falling. Good news for anyone looking to buy their first home, move house or remortgage this year – mortgage interest rates are dropping. Rates went up after the...
Asking prices go up in January
The new year has started on a good note as asking prices in January have gone up, and monthly mortgage payments are starting to come down. Asking prices for properties have increased by an average of 0.9% in January, according to Rightmove. Despite recent house price...
Are you ready to buy your first home?
Buying your first home can be a daunting task. With so many factors to consider, it's easy to get overwhelmed and even carried away by the excitement of being a new homeowner. Make sure the time is right for you with our top tips on taking out your first mortgage....
House prices fell slightly in December
Prices dipped but still remain above pre-pandemic levels, according to Halifax. Find out what the lender thinks 2023 will have in store for the property market. House prices in the UK fell by 1.5% in December compared to 2.4% in November, according to Halifax’s latest...
6 key things to think about when buying your first home
Purchasing a property is an important life decision. It can be exciting and overwhelming at the same time. Before you take the plunge into home ownership, there are some key questions you should ask yourself to ensure you’re making the right decision. 1. Do you know...
House price growth slows in November
The housing market is slowing down, and buyers are in a stronger position now to negotiate on price, according to Nationwide. Nationwide published its latest house price index yesterday. The lender revealed that annual growth last month slowed to 4.4% compared to 7.2%...
Update on the Help to Buy: Equity Loan scheme
The government’s equity loan scheme on new build homes has now closed for applications, but if you applied before the end of October, you may still be eligible for the loan. We explain the terms and conditions that remain in place until next March. The government’s...
How to be credit-ready before you apply for a mortgage
Hoping to buy your first property soon? Make sure you’re ready to be assessed by a lender with our guide to getting prepared for your mortgage application… Get on the electoral register This means that lenders can confirm your address. If you’re not on the electoral...
7 things to think about when buying a new build home
Tempted by the idea of buying a brand-new home that doesn’t need any work? Read on before you commit… New build homes have seen increased demand recently, which is understandable, as they can be more energy efficient, and there’s also the convenience of moving in and...
Mini budget is virtually abandoned
The new Chancellor has ditched most of the mini-budget, so what does this mean for mortgage interest rates and stamp duty? Read on to find out. Chancellor Jeremy Hunt today announced that he is scrapping almost all of the tax cuts outlined in the mini-budget on 23...