Rejection hurts. You’re sure you could afford a mortgage, so why won’t the lender agree with you? A new online tool makes it easy to test your application first to increase your chances of a perfect match. Article by Nick Green.
Is your dream of home ownership still stuck on the ground? Here are our top mortgage tips to help it take flight.
The last quarter of 2018 saw buy-to-let yields hit a three-year low, down 5.6 per cent on the previous quarter. Squeezed by tax and regulatory changes, many landlords are struggling to meet their margins and market confidence has taken a hit. So what’s the outlook for buy-to-let as a source of income? Article by Nick Green.
The UK housing market is facing a unique combination of pressures, which could have major consequences for first-time buyers and sellers alike. In particular, the long-term trend of climbing house prices may be losing steam – but is this good news or bad news? Article by Nick Green.
‘Mayday! Mayday!’ If your rent bill makes you want to call for help, you’re not alone. The average UK renter takes until the start of May to earn a year’s worth of rent. With ‘Rent Freedom Day’ falling further behind ‘Mortgage Freedom Day’ every year, how can you escape from the rut? Article by Nick Green.
Today (16 April 2018) is Mortgage Freedom Day – the day on which the average UK homeowner will have earned enough to cover their mortgage payments for the whole year. But some homeowners are freer than others – are you among them? Article by Nick Green.
As if saving for a first home wasn’t hard enough, today’s young adults have had to face a chorus of disapproval from baby boomers who think they’re lazy spendthrifts. But the Millennial Money Survey reveals the real reason why saving today is so hard.
Some borrowers are living with a sword hanging over their heads: a mortgage they have little or no hope of repaying. One possible answer is the “lifetime mortgage” – but it’s hardly ideal. We explore this nerve-wracking scenario and offers some possible solutions.
For years the property ladder has been rising further out of ordinary peoples’ reach. But the latest figures are a ray of light, showing first home purchases at their highest for 10 years. Martin Stewart of London Money hails the comeback of first time buyers – and throws in a free buyer’s guide too.
Few can climb the property ladder alone, and it’s not only couples who are making the ascent. But whether you’re buying as lovebirds or just housemates, it’s vital to understand how joint ownership works – or you could find that your dream home isn’t really yours after all. Most people who buy a home will
Mortgage rates are at historic lows, and for homebuyers it looks like the perfect opportunity. But in your eagerness to secure your dream home, you should be wary of ‘mortgage shock’ – the danger of over-stretching yourself in the longer term. The solution? A borrowing buffer zone.
The government has pledged to tackle the issue of ‘mortgage prisoners’ – people who are trapped in an expensive mortgage because of regulations that stop them getting a cheaper one. If you’re in this ridiculous position, help may be on the way.