You may have seen the recent media headlines about mortgage affordability tests being withdrawn from August. In reality, this isn’t as significant as it may seem. The Bank of England’s Financial Policy Committee (FPC) has announced it will withdraw its affordability...
Property prices peaked in August and saw the biggest monthly rise since 2004. So what does this mean for the property market for the remainder of 2020? UK house prices hit a new high in August according to Nationwide. The average home sold for £214,123, up two per...
Are you worried that your mortgage application is taking ages? Don’t read anything into it as it’s probably not you – it could well be your lender… If you have applied for a mortgage and your application seems to be taking forever, it may not be a bad sign and...
We have some reassuring news for anyone struggling to pay their mortgage now or worried about their ability to pay in the near future. The mortgage payment holiday scheme has been extended until the end of October. The scheme to help those struggling to pay their...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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