UK Finance has released its interest-only mortgages data for 2024 revealing a significant drop in in interest-only mortgage stock of 17% over the year. This analysis covers pure and partial interest-only homeowner mortgages as well as maturity and loan-to-value (LTV) profiles. The same review criteria also revealed a reduction by 78% in number and 61% […]
Insights Show A Significant Decline In Interest Only Mortgages Read More »
Agreed sales in May have reached the highest level in 4 years. With more homes for sale and modest price rises, buyers can benefit from relaxed affordability testing while sellers need to be supported with pricing advice. The number of sales agreed in the UK is at the highest level for 4 years in May
More Sales as More Homes Come to Market Read More »
In partnership with Persimmon Homes, Gen H Mortgages have launched New Build Boost mortgage scheme in an effort to make homeownership more accessible. The scheme is modelled on the previous Help to Buy scheme, with a 5% deposit and 15% added interest free for five years, how does it compare and what are the benefits?
Thinking of Buying a New Build? Here is Build Boost to Help Read More »
70% of renters haven’t heard of the Renters’ Rights Bill and 75% don’t understand how it might impact them, a new survey has revealed. Housing Hand, a UK rental services provider, quizzed 1,700 private tenants, the majority of whom are still in the dark about the legislative changes, despite media coverage and campaigning by tenant groups.
70% of Tenants Have Never Heard of The Renters Rights Bill Read More »
Mortgage rates look set to fall as US president Donald Trump’s tariffs continue to send shockwaves through global supply chains. Financial markets are now pricing in greater chances of economic recession with interest rate cuts now forecast to be introduced faster than before. The US tariffs are an effort from Trump to encourage local manufacture
US Tariffs Set to Bring Down UK Mortgage Rates Read More »
4/5 existing homeowners (83%) will pay stamp duty from April 2025, up from 49% as the 2% band returns between £125k and £250k, adding up to £2,500 per purchase. Four in five existing homeowners (83%) will pay stamp duty from April, up from 49% today as the 2% band returns between £125k and £250k, adding
Over 80% of Homeowners Now To Pay Increased Stamp Duty Read More »
Have you ever wondered where the best places to live might be? Here’s the list as published by the Sunday Times: If you live in Saffron Walden you will be pleased to learn that the Essex town has been named the best place to live in the annual Sunday Times Best Places to Live guide.
The Best Places to Live in 2025 Read More »
Record numbers of heat pumps were installed in UK homes in 2024, new figures show. The increase was partly due to a grant designed to help people in England and Wales switch from gas boilers. But the government’s independent climate advisers have warned that around half of all homes will need to have a heat
Is a Heat Pump worth it, how do they work and can you get a UK Government Grant? Read More »
Valentines isn’t just for couples, although the marketing would have you think otherwise. Here are some ideas to help cosy up your home this February. No month in the year necessitates an improved home environment more than February. The excitement of Christmas and New Year’s have passed, vacation plans are on the horizon, and there’s
Valentines Decorations for your Home Read More »
The Bank of England has cut the base rate to 4.5%. Here’s how it could impact the mortgage market and what it all means for your next deal. The Bank of England has cut the base rate by 0.25%. It now stands at 4.5% The Bank’s Monetary Policy Committee (MPC) voted by a majority of
Bank of England base rate down to 4.5% Read More »
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