Refurbishment remained the key reason for bridging loans over the last year, despite a marginal year on year reduction, with the reliance on bridging loans to fuel refurbs expected to grow over the coming year. That is according to specialist lender Octane Capital, which analysed data from the EY Bridging Report to reveal how […]
Mortgage comparison website Uswitch has uncovered seven simple steps to increase your likelihood of being offered a lower mortgage rate. 1. Compare mortgage rates to save up to £4,776 per year The importance of comparing mortgages can’t be overstated. By exploring various options, you can access a wider range of deals that might not be available […]
New research from upfront information platform, Home Sale Pack, reveals that whilst the cost of a mortgage has started to ease, the average monthly mortgage repayment today is 57.4% more expensive than it was in December 2021 when interest rates first started to climb. However, there are ways in which mortgages […]
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 […]
After much speculation over the last few weeks, the Governers of the Bank of England have voted to raise interest rates in the UK by 0.75% from 2.25% to 3% – the highest one day rise in 30 years, but what does this mean for you? Giles Coghlan, Chief Market […]
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 […]
Whether you’re on a fixed rate mortgage, or a tracker or variable rate deal, there’s a lot to be concerned about right now. When the Bank of England increases its base rate, mortgage rates follow suit. If you don’t remortgage when a fixed deal concludes, your interest rate converts to […]
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? […]
There’s no denying that recent tax changes have made the buy-to-let market less attractive for investors. Yet it’s still a tempting option with the potential for excellent financial returns. Donna McCreadie, partner and property specialist at Perrys Chartered Accountants, looks at the current landscape and explains why buy-to-let is still a viable […]
One of the big, big changes in property over the last 20 years is that it is now so easy to find finance for your properties. When I first started 20 years ago, buy to let mortgages had only just come in. Nobody quite knew what they were, or how […]
