If you want to sell your home you’ll have to spend over £5,400 on the process, taking into account factors like estate agency and conveyancing fees, although this cost climbs as high as £11,500 in the capital. That is according to estate agent comparison site, GetAgent.co.uk, which utilised its ‘My Property […]
As a landlord, your property’s yield is an important figure. It indicates the level of return your property investment is generating and can be used to track the performance of your property over time so that you can compare it with other buy-to-let properties and market averages, as well as […]
With the bank base rate at its highest for 15 years, we have heard of eye-watering increases in people’s monthly mortgage costs. And with such scary news stories, if you still have a little while to go before you have to re-mortgage, you might be tempted to hold off until […]
The best time to remortgage depends on several factors and individual circumstances. However, there are some considerations to help you determine the optimal time: Interest rates Keep an eye on the prevailing interest rates. If interest rates have significantly dropped since you initially obtained your mortgage, it might be a […]
As two-year fixed-rate mortgages soar to 6%, what can flat owners expect from their maintenance fees? Homeowners across the country are currently facing turmoil as it has been reported that the UK is ‘hurtling into mortgage disaster’. With two-year fixed UK mortgage rates rising above a staggering 6%, amid an […]
NatWest and Nationwide, two of the UK’s largest mortgage lenders, have announced today that they will increase interest rates by as much as 0.45% while removing some of their mortgage products from the market altogether. The move from the lenders, experts predict, is due to the financial markets reaction to the stubbornly high […]
Getting onto the property ladder is tough, most of the time you need a hefty deposit, a steady income and good credit. This is why you might want to consider getting a joint mortgage, grouping together means you’re more likely to afford a bigger property as it’ll increase how much […]
In September 2021, according to Moneyfacts, the average two-year fixed mortgage rate was 2.38%, and the average two-year variable tracker rate was 2.25%. By February 2023, after numerous bank base rate increases since December 2021, taking it from 0.1% to 3.5%, the average two-year fixed rate was 5.58% in January, and the average […]
There’s no denying that buying a property is more difficult than it used to be, particularly for first-time buyers. Interest rates are at a 14-year high, mortgages are less affordable, and soaring energy and living bills are squeezing budgets like never before. According to Halifax, the average price of a home for first-time buyers is now around 7.6 times the average UK […]
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 […]
