The number of 95% mortgages have increased by 37% in only one month. This particular type of mortgage is very popular with first time buyers. Because of the increase, borrowers can now choose from over 300 products for the first time since [...]
Some of the UK's largest cities are planning housing developments on a huge scale. Although this may seem like an attempt to aid the current housing crisis, it is quite the opposite. Indeed, there will be houses available to the public, but [...]
Lending for mortgages increased by almost a tenth in January. However, Brexit uncertainty has led to a significant drop in business lending. As a result, the outlook for the UK economy appears "sluggish", according official figures. Overall, mortgage lending increased by 9.7% to £21.9bn [...]
Mortgage borrowers have faced base rate increase warnings since November last year. Nevertheless, it is important to remain aware of changing rates whilst being cautious when searching for a loan. Mortgage rates have hit record lows over the last few years. As a result, it is [...]
Two-year fixed rate mortgages have usually been the most popular choice over the years. Borrowers found two-year fixes cheaper than longer deals, meaning that monthly mortgage payments were lower and there was more stability. Two-year deals also don't lock the in borrowers with [...]
Since 2001, the number of people who are self-employed has increased from 3.3 million to 4.8 million. Being your own boss and taking charge of a business can be extremely rewarding. However, there is an outlook that self-employed people will struggle [...]
Renting is often an option taken when people don't have the resources to buy a property. It enables people to have a place to live whilst gathering enough funds to get a mortgage. Although renting is viewed as a cheaper alternative to buying, [...]
Buying a home for the first time is certainly an accomplishment, especially in such a difficult market. Many first-time buyers aren't completely aware of what is involved in buying a property and though estate agents, banks and building societies are good sources of information, here are [...]
The Bank of England's monetary policy committee is set to meet next week, for the first time in 2018. The last time the committee met in November 2017, the base rate was increased by 0.25pc to 0.5pc - the first increase in a decade. [...]
Property developers in London have received permission from local councils to build over 26,000 luxury flats. The upcoming properties are set to be priced at over £1m each, despite current objections. People already believe that there are too many 'posh ghost towers' or expensive flats that [...]
