MOVING HOUSE
Property demand falls
Property demand has fallen due to higher interest rates but some lenders have cut rates in the last week.
Inflation dropped in June
Inflation fell to 7.9% in June, which marked a pleasant surprise for the mortgage industry. So what will happen with interest rates now? Read on… With rising interest rates, and the cost of living still expensive, you could be forgiven for thinking there’s very little...
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...
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...
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...
Younger generation leads the way in home-moving trends
Home movers are getting younger, according to Halifax, and demand for detached homes remains high. The age of those moving home in the UK is dropping at a surprising rate. The average age of a UK home mover has fallen to 39, a year younger than just 12 months ago and...
Should you buy a bigger property?
Should you upsize to a larger home with more space and convenience, or would you be better off staying put and maybe even clearing your mortgage sooner? You need more space. You like the idea of a sprawling lounge, more bedrooms and a bigger garden. You’re not alone...
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...
How to prepare for buying a bigger property
Thinking of upgrading to a bigger property? Here’s some key things to think about before you commit to moving house. Buying a bigger property can be an exciting experience that can provide you with more space and better amenities. It’s a chance to relocate to a new...