What Is Mortgage Capacity And How Is It Calculated?
The first part of a new calendar year and the last part of a financial year is often a time when people take stock of what they currently have and start to consider what tomorrow will bring for them. For many, it is a time to either take their first steps onto the property ladder […]
When Should You Release The Equity In Your Home?
For many people who have paid off a significant amount of their mortgage or are debt-free entirely, their home is often the most valuable asset they have. This is increasingly the case given the average house price in the UK has nearly doubled since records began in 2005, meaning that people who bought a house […]
Why Might 2024 Be A Good Year To Get A Mortgage?
As the New Year dawns, people will ask many questions about what the year ahead will bring them. For those whose chief aim is to buy a new home, the issue is whether now – or at least this year – will be a good time to get a mortgage. Last year was clearly a […]
What Are Property Market Predictions For 2024?
The housing market has been so unstable this last year, it is hard to predict what will happen in 2024 – whether house values will continue to fall and mortgage rates rise or if there will be a plateau as loans stabilise? Here we look at what 2023 was like for the property market, and […]
When Should You Take Out A Lifetime Mortgage?
Whilst this is not always the case, as people get older, they want to slow down and take advantage of the care, work and savings they have invested into over the course of decades, to ensure a better quality of life and more peace of mind whilst they can enjoy it most. Without the pressure […]
Paying Back An Interest-Only Mortgage At The End Of Its Term
Interest-only mortgages are very appealing, as they enable people to afford a property by only paying off the interest over the term of the loan. At the end of this, the equity needs to be paid off, which normally happens when the homeowner sells the property. However, if they want to remain in the house, […]
When Would A Mortgage Lender Only Work Through A Broker?
When navigating an increasingly complex property market, it always pays to have a guide, and one of the best tools for closing sales and getting favourable mortgage rates and terms depending on your circumstances is a mortgage broker. A mortgage broker is an ideal intermediary between buyers and mortgage lenders, as they quickly learn what […]
House Price Figures Reveal Mixed Regional Picture
The latest house price figures have been published by Rightmove, indicating that the price of the average UK property is down again. But the picture is a little more complex than that. While the headlines may speak of a ‘miserable year’ for the property market, buyers in some of the more traditionally expensive regions may […]
2-Year Or 5-Year Fixed Rates… The Pros & Cons Of Each
The mortgage market is particularly tricky to navigate at the moment and, even though house prices around the country are falling, rates are still high and there’s a lot of chopping and changing going on, which is creating a lot of uncertainty right now. Although rates are high, they are coming down and have been […]
Signs That Now Is A Good Time To Buy A House
The last year has seen lots of doom and gloom in the property market. On the one hand, high inflation has squeezed the incomes of many would-be buyers, the Bank of England (incorrectly) forecasted the UK would spend most of 2023 in recession and interest rates have pushed up mortgage costs. All that might make […]