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Freelancer Mortgages 

According to a recent report from Foundation Home Loans, nearly 60% of freelancers believe that it is difficult to secure a mortgage when comparing their opportunities to those in employment. They survey carried out in August of this year revealed that 59% of freelancers believe it takes longer to secure a mortgage because of their … Continue reading Freelancer Mortgages 

UK House Prices – Scotland Outperforms UK Average

According to the latest Halifax House Price Index, annual house price inflation went up to 7.4% in September – this is up from 7.2% with the average UK property price now at a record £267,587. Scotland has continued to outperform the rest of the UK. House prices in the UK rose by 1.7% in September … Continue reading UK House Prices – Scotland Outperforms UK Average

Green Mortgages

Climate change and the issues surrounding our homes is big news at present especially with the protests currently taking place each day in London to highlight the issue of insulating our homes – along with reports of an impeding fuel crisis. In the past, taking an interest in the future of our planet was seen … Continue reading Green Mortgages

What’s Happening in the Buy-to-Let Sector?

There has been a recent rise in buy-to-let remortgaging with this sector increasing every year from 2009 to 2019, representing a decade of growth. Figures from UK Finance show that in 2008 there were 114,740 remortgages but in 2009 cases fell sharply to 32,850. Since then, the buy-to-let market has increased and in 2019 remortgaging … Continue reading What’s Happening in the Buy-to-Let Sector?

Fastest Moving Housing Market for Five Years

According to the latest figures from Zoopla, the lack of supply and increasing demand for homes has resulted in the fastest-moving property market in five years. The latest Zoopla House Price Index released on June 30 shows that house prices have risen by more than £10,000 over the last 12 months as buyers have re-evaluated … Continue reading Fastest Moving Housing Market for Five Years

House Prices Surge in Scotland

Here in Scotland, we have seen house prices surge to record highs – with the latest figures from the Office for National Statistics showing that the average house price rose by nearly 11% in the year to March 2021. According to the ONS, house prices in Scotland increased by 10.6% over the year to March … Continue reading House Prices Surge in Scotland

The Rising Availability of 95% Mortgages

According to the latest figures from Moneyfacts, the 95% mortgage market tripled in the last month. At the start of May there were 112 mortgage deals requiring just a 5% deposit whereas at the start of April there were just 34. Last month we saw the introduction of the Mortgage Guarantee Scheme – the aim … Continue reading The Rising Availability of 95% Mortgages

The Mortgage Guarantee Scheme for First Time Buyers

In his Budget last month, Chancellor Rishi Sunak confirmed that the 95% mortgage scheme would boost the market and bring back the low-deposit mortgages that were largely withdrawn as a result of the pandemic. Most lenders were offering a maximum 90% loan to value mortgage. This made it difficult for many buyers to get onto … Continue reading The Mortgage Guarantee Scheme for First Time Buyers

Are You Paying Over the Odds for Insurance?

A large number of homeowners could be paying over the odds for their home insurance according to the latest research. A third of homeowners have taken out insurance from their mortgage lender for ‘ease’ at the time of their house purchase rather than searching for the best deal, according to Compare the Market. When surveyed, … Continue reading Are You Paying Over the Odds for Insurance?

Applying for a 95% Mortgage? What You Need to Consider

It was announced in the spring budget earlier this month that the government will be introducing a new 95% mortgage guarantee scheme from April 2021, which will run until December 2022. The scheme has been introduced in response to a large-scale withdrawal of low LTV mortgages following the pandemic, pricing many first time buyers out … Continue reading Applying for a 95% Mortgage? What You Need to Consider

The Spring Budget – New Mortgage Scheme Open to All Buyers

Chancellor Rishi Sunak has now announced the much-anticipated Spring Budget after a challenging year across the globe. He announced a raft of changes including several that will affect the property market and home buyers at all stages. The first change is a government-backed mortgage scheme and the second is an extension to the stamp duty … Continue reading The Spring Budget – New Mortgage Scheme Open to All Buyers

Mortgage Choice at Highest Level Since March 2020

Those looking to move currently have the highest number of mortgage products to choose from since the first national lockdown last March. At present, there are 3,215 mortgages to choose – the highest number for 11 months. Before the lockdown, there were 5,222 mortgages in the market. Since October 2020 there has been a 42% … Continue reading Mortgage Choice at Highest Level Since March 2020