At the time of writing, the Bank of England base rate is set at 5.25%, following 14 consecutive hikes imposed by the central bank since December 2021. The fallout for homeowners, sellers and buyers is […]
Property owners unable to sell or remortgage a property due to issues with cladding standards may be relieved to hear of recent changes to guidance and lender positions that make mortgage financing on apartments in […]
In welcome news for buyers struggling to get onto the housing market or move home in a period of unprecedented interest rates, the government has announced that the Mortgage Guarantee Scheme will now remain available […]
Following the news that the Bank of England (BoE) has raised interest rates to 3% – an increase of 0.75 percentage points – homeowners and buyers are concerned about how this may affect their mortgage […]
While the Help to Buy mortgage support scheme has been tapering for a few years (Help to Buy ISAs closed in 2019), the remaining equity loan system will end in March 2023. Applicants can still […]
We are all conscious that most things are getting more expensive, and housing prices are no exception! The latest report from the Nationwide House Price Index indicates that property values across the UK have increased […]
The cost of living crisis is everywhere you look in the news right now, it is not hard to see why. Combinations of inflation, soaring energy prices, and increasing National Insurance rates are putting a […]
The Autumn Budget and Spending Review 2021 has been presented, and it is aimed at preparing the UK for an ‘age of optimism’. There are a number of key concerns that have arisen as the […]
As many as 40% of landlords have observed an increase in tenant demand over the last 3 months. This is according to new research by Paragon Bank, which reports that the rise has been significant […]
Often, sound financial planning is viewed as a way to open up your world. You can buy your first home; buy your investment property; see your retirement funds rise with clever investment; put your kids […]
The recent budget saw the implementation of the Mortgage Guarantee Scheme. When the Covid-19 pandemic began to spread in Spring 2020, property valuations went the other way, slowing rapidly. This led to low-deposit mortgages being […]
With coronavirus restrictions finally starting to ease and the UK navigating the government’s Roadmap out of Lockdown, the 2021 budget is crucial for both businesses and individuals. With today’s budget, Rishi Sunak has pledged to […]
The financial hardship that has impacted consumers during the Coronavirus pandemic could cause damage to your credit score, which might last 6 years. The government’s Covid-19 financial support schemes will start drawing to a close […]
Sometimes, life throws things at us that can cause a shock to our finances. A third of adults in the UK have taken a blow to their financial situation due to things like bereavement, illness […]
Separation and divorce are extremely stressful and emotionally draining. A joint mortgage can make that significantly worse. Unfortunately, it’s not uncommon for a partner to refuse to maintain mortgage payments when they have moved out […]
House prices in September 2020 rose by an annual 5%, according to figures from Nationwide’s House Price Index. That’s the highest rate seen since 2016. The average price for UK homes now stands at £226,129. […]
As planning laws ease, more homeowners are likely to consider making improvements to their homes rather than buying a new place. In the near future, homeowners will be able to add new extensions or extra […]
As the nation slowly emerges from the coronavirus lockdown, Chancellor Rishi Sunak has now announced a new ‘mini-budget’ to help kickstart the UK’s economic recovery. There are some key announcements that will impact potential homebuyers, […]
COVID-19: Mortgage Products are Being re-introduced after Lockdown
The uncertainty of lockdown has led to changes across all industries. In the mortgage sector, a number of lenders withdrew some of their products temporarily. However, we’re glad to reveal that lenders have started to […]
Think Plutus can confirm that taking a break from your mortgage payments during the COVID-19 crisis will NOT affect your credit rating. Credit reference agencies have announced that this is the case, so you can […]
The coronavirus pandemic has had a devastating impact on the entire world, and many will be concerned that loss or reduction of income could leave them struggling to pay their mortgages. An announcement from the […]