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Mortgages

Asking Prices for Properties up £6,000 on Pre-Lockdown Averages

Lockdown has taken its toll on the UKs housing market, but evidence would suggest things are gradually returning to normal, at least in terms of property values which are heading in the right direction following an extensive period of stagnation. According to the latest figures released by Rightmove, which is […]

Spike in Housing Market Activity Suggests Return to Normality

With the peak of the Covid-19 outbreak seemingly behind us, the UK economy is slowly beginning to show signs of a gradual return to normality. The housing market has seen a tremendous spike in activity over the past few days, as movers and renters seek to make the most on […]

Mortgage Deals Show Signs of Life as Lender Restrictions Relax

The past month or so brought little other than doom and gloom for prospective homebuyers across the UK. As of this week, it seems there is finally light at the end of the tunnel for British borrowers on the lookout for a competitive home loan. As a knock-on effect of […]

Revealed: The True Extent of the UK Housing Gap

The figures are in and are once again painting an unfortunate picture for potential first-time buyers across the UK. Already in the grips of a full-blown housing crisis, research suggests that the scale of the housing shortage in the UK will continue to grow indefinitely as the population swells. The […]

What is Right to Buy?

If you live in a council house or a housing association property of any kind, now could be the perfect time to purchase your home. The government’s Right to Buy scheme provides qualifying tenants with the opportunity to purchase the properties they live in at a significantly discounted rate. As […]

Helpful Advice That All First Time Buyers Should Be Aware of

Buying a home for the first time can be both exciting and daunting in equal measures. Most first-time buyers have little to no knowledge or experience with the property market and therefore do not know where to start. Worse still, conflicting information and advice only stand to further complicate the […]

Banks Warned as Mortgage Prisoners Promised Help by the Government

Britain’s six biggest lenders have come under fire from ministers this week, as the row regarding thousands of ‘mortgage prisoners’ continues to escalate.  Treasury ministers issued an open letter accusing the banks of failing to help hundreds of thousands of struggling borrowers get a fair deal on their overinflated mortgages. […]

What is a Renovation Mortgage?

A renovation mortgage is a specialist type of home loan, designed to fund domestic property improvements, extensions and alterations. Options vary significantly in accordance with the nature of the project and the personal circumstances of the applicant. Some larger renovation mortgages are provided in stages as the project progresses, while […]

Right to Buy Home Sales Up 4% Year on Year

Despite its accepted imperfections, the UK Government’s Right to Buy scheme continues to grow in popularity across much of England and Wales.  According to the latest figures from the Ministry of Housing Communities and Local Government, a total of 2,531 properties were sold under the double housing initiative between July […]

Subprime Mortgages Make A Return

Simply mentioning the words ‘subprime mortgage products” is enough to incite painful memories of the 2007 financial crisis.  Prior to 2007, many mortgage lenders in both the United Kingdom and the United States were underwriting loans with minimal checks and as such agreeing loans for a wide range of applicants, […]

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UK Property Finance is Authorised by The Financial Conduct Authority (FCA)
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