Mortgage Payers Advised to Switch to Save Thousands

Experts are advising homeowners approaching the end of their two-year fixed rate periods to consider switching to a new deal, rather than automatically transitioning to their lender’s SVR (standard variable rate). According to Moneyfacts.co.uk the average mortgage payer could save on average 1.93% on their mortgage payments by taking action at the opportune moment. Data […] →Read more

New Campaign Seeks to Support Rejected Mortgage Applicants

New Campaign Seeks to Support Rejected Mortgage Applicants

Major High Street banks are being urged to offer more support to mortgage applicants whose applications are likely to be rejected. A new initiative called “Thanks for Nothing” has been launched by specialist mortgage platform Haysto, with the aim of preventing rejected applicants becoming trapped in ongoing rejection cycles. Haysto voiced concern that major banks […] →Read more

UK Bridging Sector Maintains Momentum Throughout Q2

The UK’s bridging finance sector held steady throughout Q2, achieving modest growth on Q1’s impressive overall performance. According to the latest Bridging Trends report from MT Finance, total bridging activity during the second quarter increased to £146.5m from £144.5m in the first quarter. The report indicated that the vast majority of lending activity taking place […] →Read more

The 1% Mortgage is Back, but what does it Really Mean?

The 1% Mortgage is Back, but what does it Really Mean?

Competition among lenders on the High Street is fuelling an unprecedented and escalating price war; over the course of the last month several lenders have once again introduced sub-1% two-year fixed mortgage deals for the first time in years. Today there are at least 10 two-year fixed remortgage deals being advertised at rates of less […] →Read more

Build-to-Let: A Brief Overview

Build-to-Let: A Brief Overview

In the UK the typical approach to generating long-term revenues from a rental property has been buy-to-let; this is where an individual or organisation invests in an existing property in order to let it out to prospective tenants as a landlord. With affordable inventory becoming increasingly thin on the ground, alternative options are being explored […] →Read more

UK Homebuyer Priorities Revealed Outdoor Space Tops the Table

Bridging Loans: A Lifeline for Homebuyers

Defying all projections, the UK’s property market has enjoyed a stellar year; average house prices have broken all records, monthly sale completions are at an all-time high and demand continues to outstrip supply in all regions of the UK. Competition for desirable properties has become ferocious on an unprecedented level. Consequently, those who encounter delays […] →Read more

Why July 1st Was Not Necessarily Stamp Duty Doomsday

Why July 1st Was Not Necessarily Stamp Duty Doomsday

The July 1st stamp duty deadline was seen as a black mark on the calendar by many prospective homebuyers. As of this date, the full stamp duty holiday officially came to an end, having been extended from its initial March 31 deadline. Consequently, thousands rushed the completions of their property purchases to take advantage of […] →Read more

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Extending a Mortgage in Later Life: Property Loans Post-Retirement

Approaching retirement with an outstanding mortgage can be an unsettling prospect; however it does not necessarily have to cause a major financial headache. Increasingly, lenders are acknowledging the fact that more people than ever before need to borrow money beyond their retirement. Consequently, the market for post-retirement products and services is more dynamic and accessible […] →Read more