News

Dozens Queue Overnight to Secure Affordable Homes in Wales

The extent and severity of the UK’s housing shortage was made painfully apparent this week when it took just 3 hours for an estate agent in Wales to sell 13 new homes. Dozens of people spent the night on the pavement outside the agency in Aberdare, hoping to secure one […]

Detached Property Price Boom Fuelled by Northwest Market

Recent figures have indicated that record numbers of renters and homeowners have been setting their sights on properties outside major urban centres.  London in particular was predicted to experience a major exodus throughout 2021 prompted by COVID-19; city centre apartments and quick commutes to work are out while spacious properties […]

Return of the 5% Deposit Mortgage: Tips for First-Time Buyers

The return of 95% LTV mortgage is likely to come as welcome news for millions of prospective homebuyers. Across the UK first-time buyers have found themselves increasingly priced out of the market; this is due to the excessive deposit requirements of most major lenders. This month several major banks confirmed […]

5% Deposit Mortgages Now Back on the High Street

For the first time in years, several major lenders have reintroduced 95% LTV mortgages with a deposit requirement of just 5%. An initiative aimed at encouraging more first-time buyers to get on to the property ladder in England, these government-backed loans are now available from Lloyds, Santander, Barclays, HSBC and NatWest. […]

Paragon Bank incentivises Eco-Conscious Landlords with New 80% LTV Mortgage

Landlords in the United Kingdom have for some time been urged by the government to make every possible effort to improve the energy efficiency of the properties within their portfolio. Little, however, has been provided by way of financial incentive for those wishing to do so. Recent proposals introduced by […]

Making Sense of the New Inheritance Tax Rules

As part of his 2021 budget, Chancellor Rishi Sunak announced a series of minor alterations to the rules regarding inheritance tax. Specifically, Sunak confirmed that the residence nil-rate band will be frozen temporarily, but how will the alterations set to come into place after April affect the average UK resident? […]

Mortgage Approvals in February Up Almost 40% on Ten-Year Average

There was further evidence of robust real estate market activity in February, with official data indicating a near 40% increase of mortgage approvals compared to the ten-year average. New figures from the Bank of England show that around 87,700 mortgages were issued for residential property purchases in February, far above […]

Housing Market Performs Beyond Expectations in March, Halifax Data Suggests

The run-up to the easter home buying season has apparently put an early “spring in the step” of many movers and first-time buyers, according to the latest figures released by Halifax. Part of the biggest High Street mortgage provider in the UK, the Lloyds Banking Group, Halifax spoke of a […]

Demand for Specialists Mortgages on the Rise for High Net Worth Individuals

With the recent budget announcements putting personal and business finance firmly in the spotlight, it has become more important now than ever to focus on the issues facing homeowners and potential new borrowers. With many incomes being significantly impacted by the Covid crisis over the last 12 months, it is […]

Co-Founder of Anorak Confirms Planned Collaborations with Mortgage Brokers

One of the web’s leading protection providers has confirmed its plan to establish partnerships with mortgage brokers, in order to make it quicker and easier for borrowers to safeguard themselves from future financial issues. In a recent interview with FTAdviser, Anorak’s co-founder and chief executive officer, David Vanek, explained his […]

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