Mortgages and rising interest rates have been headlining news across the country this week. This has followed the reaction of financial markets to the fiscal statement delivered by the new Chancellor. Mortgage lenders have moved swiftly in their response and the...
Stamp duty has changed and this time the changes are permanent. This week saw a Budget announcement from the new Chancellor in which a set of economic policies were announced. A change to stamp duty was one of the policies at the forefront of the announcement. Stamp...
The Help-to-Buy Equity loan is ending very soon. The government-backed initiative has supported buyers, latterly just first-time buyers, as well as the new-build sector and the overall housing market. Looking ahead into 2023, Help-to-Buy will be no more. Over the last...
Affordability is forever a hot topic when it comes to mortgages. While income and expenditure are the driving forces behind the affordability calculation, many other factors affect borrowing capability with lenders constantly competing to find their niche and attract...
Retirement interest only (RIO) mortgages are a type of product aimed, as the name suggests, at those who have already retired or will soon be retiring. Retirement interest only mortgages are only available on your residential property. However, they are not to be...
Across the mortgage market, availability of low deposit mortgages for new-build properties is scarce. The Help to Buy Equity Loan scheme has supported the new-build market since it began in 2013. However, the end of the scheme is fast approaching with the deadline for...
