If you’re struggling to afford your first home, then Help to Buy could be the financial lifeline you need. Help to Buy is made up of three different schemes: the Equity Loan, the ISA, and Shared Ownership. These have allowed a huge number of people…
Read More »If you’re a first-time buyer, then you’ll already know that it’s not easy to get on the property ladder in the current housing market. The value of deposits is increasing with property prices, and mortgage providers have all sorts of stringent requirements you’ll need to…
Read More »A buy-to-let mortgage is a specialised type of mortgage agreement designed for prospective landlords who want to buy a property and rent it out to tenants, but can’t afford to buy it outright using their own capital or savings. As with a traditional mortgage, a…
Read More »If you’re buying a property in the UK, there’s a good chance that you will need to pay Stamp Duty Land Tax to the Government. Whether you need to pay the Tax and how much you will owe all depends on the price of the…
Read More »There are a variety of mortgage fees and charges you may have to pay at different stages in the process, both before and after completion. These can range from small admin fees to larger costs covering essential services, but it’s important that you’re aware of…
Read More »Almost all loans have an interest rate: the percentage charged on top of the amount you owe, which acts as a payment for using the lender’s service. Mortgages are no different: interest is charged as a percentage of the loan amount (known as the ‘capital’…
Read More »This week (9 May), a new study has recommended that people from the age of 25 in Britain be given a £10,000 Citizen’s Inheritance to ease inter-generational financial unfairness. The study, titled A New Generational Contract, is the result of a two-year analysis of the…
Read More »There are many types of mortgage available in today’s market and knowing which one you need to apply for is essential if you want to get the right deal for you. Though all types of mortgage function in a similar way, factors like interest rates,…
Read More »Before you’re able to get a mortgage on your first home, you’ll need to save for a house deposit. The amount of money you’re able to put down upfront will have a direct effect on how much a lender will allow you to borrow, and…
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