The UK is in a tricky spot financially, with millions of households and homeowners across the country feeling the bite of rising inflation – and seeing little hope of reprieve on the horizon. Older homeowners in particular are growing more nervous, as those reaching pension age rightfully consider if their […]
House Prices Drop To 14 Year Lows
Will Mortgage Costs Fall In 2023?
The latest research by specialist property lending experts, Octane Capital, has revealed that the average homebuyer can expect to pay £166 more per month as a result of the latest base rate increase by the Bank of England, although this monthly repayment is expected to fall by £188 come this time […]
Interest Rate Rise – What It Means
Mortgage Repayments Could Rise By £300
Market analysis by specialist property lending experts, Octane Capital, reveals that the average homebuyer coming to the end of their mortgage term over the next year is set to see the cost of their monthly repayments climb by over £300 a month, despite having made three years worth of payments. The […]
Should I Remortgage Now Or Wait?
What Happens If Your Mortgage Offer Is Withdrawn?
To help buyers and sellers better understand their legal position, property purchasing specialist, HBB Solutions, has created a comprehensive guide to pulling out of a property sale. What does it mean? When is the last point you can do it? And what are the ramifications of walking away from the deal? […]
Getting A Mortgage With Adverse Credit
As interest and mortgage rates rise, mortgage providers are becoming more strict when it comes to who they will and will not lend to. This means that anyone who has adverse credit might find it difficult to get mortgage approval. But new industry insight from Revolution Brokers shows that people with adverse […]
What Is A Bridging Loan? The Benefits & Challenges
The latest research by Revolution Brokers reveals that bridging loan lending has increased by 30% since the start of the pandemic, as UK homebuyers work hard to stay afloat in an historically busy housing market. In Q1 2020, at the very start of the pandemic, total bridging loan lending in the UK […]