Mortgage Advice

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Mortgage lending hits 19-month high

Bank of England says more than 71,000 mortgages were approved in August as housing market shows no sign of summer slowdown Mortgage lending has leapt by the largest amount since 2008, official figures showed on Tuesday, providing further evidence that the housing market is continuing to heat up. The Bank of England said a total [...]

October 2nd, 2015|Loans, Money Saving Tips, Mortgage Advice, News|

45 per cent of renters ‘think they will never be able to afford own home’

Some 45 per cent of those surveyed for Post Office Money Mortgages doubt their ability to ever climb on to the property ladder. Of those who expect to be able to buy at some stage, the average age at which they hope to do so is 36 years old, up from 35 when similar research [...]

September 18th, 2015|Loans, Money Saving Tips, Mortgage Advice, News|

Considering a mortgage? Let us help you prepare properly

Research suggests potential buyers are not savvy about UK mortgage rules Two thirds of potential house buyers in the UK do not understand the new mortgage rules which were introduced last year, new research has found. Some 31% of people who plan to buy a property within the next two years are unaware that mortgage [...]

September 10th, 2015|Loans, Money Saving Tips, Mortgage Advice, News|

Rent rises speed up as average UK rent reaches £937 a month

Rents were up 4.6% in July on the year before, figures show, with median rent for one-bedroom flat in London now more than £1,000 a month Average rents in the UK reached £937 per month in July as the pace of increases took a significant step up amid a shortage in the supply of housing. [...]

August 24th, 2015|Loans, Mortgage Advice, News|

Buy-to-Let lending set to tighten

High street crackdown means you'll require a bigger deposit and face tighter checks for a buy-to-let mortgage.

August 13th, 2015|Loans, Mortgage Advice, News|

More people expected to rent than buy in UK by 2025

By 2025 there may be slightly more people renting privately in the UK than owning with a mortgage, according to new research, with average prices rising to £360,000 by 2020.

July 23rd, 2015|Mortgage Advice, News|

Interest rates on personal loans fall to historic low

Bank of England credit conditions survey for Q2 found rate for £10,000 loan is just above 4%, with greater competition among lenders cited.

July 16th, 2015|Loans, Money Saving Tips, Mortgage Advice, News|

Nationwide: UK house prices slip in June

House prices dipped by 0.2% in June, bringing the annual rate of growth to its lowest level in two years, figures from Nationwide show.

July 3rd, 2015|Mortgage Advice, News|

UK rents highest in Europe

Tenants in the UK spend on average 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest.

June 25th, 2015|Money Saving Tips, Mortgage Advice, News|

Average life cover payout £31,500 short of average outstanding mortgage

New research by SunLife shows that the UK’s famous ‘protection gap’ is caused by under-insurance as much as it is by no insurance.

June 18th, 2015|Mortgage Advice, News|