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 […]
With the property market continuing to remain buoyant through the Covid-19 pandemic thanks in part to the extension of the stamp duty break, many people are thinking about either moving home or considering their position on the property market. Despite this, the last 12 months have also seen a huge […]
Buying a property at auction involves paying a 10% deposit on the day and signing a contract to say the remaining 90% will be paid within 28 days. Often, buyers do not have the required amount of money to buy a property outright, and they must consider finance options such […]
For many people, the thought of climbing onto the property ladder can be a far & daunting prospect. Even the first step seems like an impossible task, with many Millennials and Gen Y’s believing that they’re never going to escape the renting lifestyle. This feeling isn’t solely shared by younger […]
Put simply, the ‘Six Month Rule’ says that if you buy a property you can’t finance or refinance within six months of purchase. Or, if you finance or refinance a property, you can’t then refinance within 6 months of financing or refinancing. So, as an example, if you buy a […]
