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.
The age limit for paying off some mortgages has risen to 85 – three years beyond current UK life expectancy. It’s good news for older people who may have feared lenders wouldn’t touch them, but what are the implications of your mortgage outliving not just your job, but you too? Owning your own home
Is your income as unpredictable as the British weather? Savings interest rates getting you down? Are you wary of locking up your liquid assets in your home? Then you may be interested in a flexible way to borrow and save at the same time. Is it a bird? Is it a savings account? Is it a
When it comes to one of life’s biggest challenges – buying a home – your credit file can be your best friend, or your worst enemy. But maintaining a good credit history can be a tricky balancing act, and you may not realise how easy it is to make yours wobble by accident. There are many advantages to having