Many Brits choose to move abroad for a variety of reasons. If you are considering this yourself, it is important to understand how overseas mortgages work. An overseas mortgage is essential for living in a different country, unless you are a cash [...]
In the UK, one in four housing transactions will rely on the assistance of their parents to raise the capital. The financial services group L&G predicts that the bank of mum and dad will lend (or in some cases give) £5.7 billion [...]
In the UK, approximately 1.75 million private renters don’t believe that they will ever be able to buy a house. Since 2010, the number of renters who have this mindset has increased by 50%. Despite various policies that have been implemented by [...]
There is very little difference between the long and short-term mortgage costs according. This is according to data release by the Bank of England. The analysis revels that long-term mortgages are being offered at the lowest interest rates since the financial crash [...]
March 2018 saw a drastic fall in London house prices, with the annualised rate of inflation dropping to minus 0.7%. According to official Land Registry figures, this is the sharpest decrease since 2009. The drop in London house prices are a stark [...]
In recent years, there have been many warnings about interest-only mortgages. The Financial Conduct Authority (FCA) stated how the organisation was “very concerned” with the vast number of people who face losing their homes because they are unable to repay the capital [...]
Potential homeowners are much different than previous generations. They are more likely to enquire about a home via phone, email, app or website rather than visiting an estate agent directly. Aspiring homeowners also require significant funds to obtain a mortgage and face [...]
Banks in England will be forced to increase mortgage rates. This comes following a warning issued by one of the country’s biggest investment managers, as cheap money provided by a closed Bank of England scheme runs out. Why Will Mortgage Rates Be [...]
The City regulator has proposed plans to make it simpler for borrowers to find the best mortgage deal possible. This comes after it was found that one in three people fail to find the cheapest deal. According to the Financial Conduct Authority [...]
A mortgage prisoner is a person who is unable to meet strict affordability checks under the lending legislation criteria that was introduced in 2014. Despite record low interest rates, many people across the UK are genuinely struggling to get a mortgage. A [...]
