Our Blog

  • All
  • Mortgages

Thinking of selling? Improve Your EPC Rating

Energy bills are on the rise, and we are facing unprecedented times with another energy price cap rise due in October. With this in mind, now could be a good time to improve your EPC rating. Buildings with higher EPC ratings are more popular with those buying or renting. Rising energy costs In April this … Continue reading Thinking of selling? Improve Your EPC Rating

A Lifeline for First-Time Buyers?

The UK Government recently pledged to turn ‘Generation Rent’ into ‘Generation Buy’ with a review of the mortgage market. The aim is to help people to buy their first property against a backdrop of rising house prices and interest rates, a sharp spike in the cost of living and high deposit requirements – all of … Continue reading A Lifeline for First-Time Buyers?

Preparing for the Mortgage Rate Rise

This week, the Bank of England once more raised interest rates in a bid to combat inflation, warning inflation could reach 11% by October. Members of the Bank’s monetary policy committee voted to increase the base rate by 0.25%, taking it to 1.25%. Mortgage costs and interest rates are rising and if you are one of … Continue reading Preparing for the Mortgage Rate Rise

New Record High for House Prices

According to the latest House Price Index from Zoopla, house prices in April of this year hit a record high with the average cost of a UK property exceeding £250,000 for the first time, reaching £250,200. During the year to the end of April 2022, the average cost of a UK home went up 8.4% … Continue reading New Record High for House Prices

Is Now Really the Right Time to Buy a House?

The housing market appears to be at its peak. We are seeing record house prices after two years of unprecedented demand and high competition among buyers. Many people are starting to wonder if they should wait until prices fall to purchase a property. Since December 2021, interest rates have gone up three times now standing … Continue reading Is Now Really the Right Time to Buy a House?

The Spring Mortgage Market

The days are longer, and the weather is warmer – but are we in a new phase for the mortgage market? The latest figures from Google Search reveal that there has been a 400% rise in searches over whether mortgage rates will go up, showing that this is a huge concern for many people looking … Continue reading The Spring Mortgage Market

How to Help Your Children onto the Property Ladder

Over the last few years, it has been increasingly difficult for first-time buyers to get onto the property ladder. Following the pandemic, demand for homes skyrocketed as people’s priorities changed. Instead of wanting to be close to public transport links and amenities, there has been increased demand for homes with more space inside to accommodate … Continue reading How to Help Your Children onto the Property Ladder

The Mortgage Guarantee Scheme Gains Popularity in Scotland

The latest data released this week shows that a total of 6,535 homes were purchased using the government’s help to buy mortgage guarantee scheme in the six months between April and September last year. First time buyers account for 84% of those taking out this type of mortgage and the total value of mortgages supported … Continue reading The Mortgage Guarantee Scheme Gains Popularity in Scotland

Property Demand in 2022

Over the last two years we have witnessed an unprecedented property market. At the start of the pandemic no one could have predicted how the market would be affected by being forced to essentially close from March to June. During the pandemic, if you weren’t a key worker you were confined to your home to … Continue reading Property Demand in 2022

Will Lending Rules be Relaxed?

The Bank of England has announced that it plans to relax mortgage lending rules in 2022, removing the requirement for borrowers to prove that they can meet the repayments should rates go up by 3% on the lender’s standard variable rate. At present, borrowers need to prove that they can afford the monthly repayments via … Continue reading Will Lending Rules be Relaxed?

First Time Buyer Numbers on the Rise

According to the latest research, the number of first time buyers has topped 400,000 for the first time in 19 years. The research from Yorkshire Building Society shows that first time buyer transactions reached 408,379 last year. This is 35% higher than the number of first time buyers entering the property market in 2020. This … Continue reading First Time Buyer Numbers on the Rise

Remortgaging Dominates the Market

Last month was the second busiest month for mortgage searches since November 2019, with remortgaging dominating the market. The latest report released by Twenty7Tec has found that the housing market has continued upwards despite the end of the stamp duty (LBTT in Scotland) holiday earlier this year. Over the last two years, the only other … Continue reading Remortgaging Dominates the Market