Help-to-Buy has been assisting first time buyers getting onto the property ladder since 2013. The government funded scheme incentivises the building of new homes by making them more accessible to buyers, which in-turn creates an increased demand. From a buyer’s...
Reports of interest rates rising have emerged this past week with speculation that the Bank of England may increase base rate, currently at 0.10%, as early as next month. Governor of the Bank of England, Andrew Bailey, was quoted saying “it will have to act” in...
Investing in property is widely regarded as safe investment that can offer lucrative returns. With house price inflation exceeding standard inflation, you will normally benefit from capital appreciation as well as earning a supplementary income through rent each...
New-Build properties typically require a higher deposit with most mortgage lenders due to a greater risk of short-term depreciation caused by the “new-build premium”. The result of this is that standard 95% mortgages, requiring just a 5% deposit, are often not...
Your residential mortgage affordability, how much a bank will lend to you, is a calculation based on your income and your expenditure. Each bank calculates this differently, takes different factors into consideration and therefore produces a different maximum figure....
