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More Lenders Slash Income Barriers for Bigger Mortgages as First-Time Buyers Get a Boost
First-time buyers across the country are set to benefit as a growing number of high street lenders follow Skipton Building Society’s lead in lowering the income required to borrow more against your salary. Just days after Skipton announced it would cut its minimum income threshold for higher loan-to-income mortgages from £50,000 to £40,000, Nationwide and…
Read MoreThe Bank of England Cuts Interest Rates to 4.00%
What this could mean for your mortgage. In a move widely anticipated by markets, the Bank of England has reduced the base interest rate from 4.25% to 4.00% today. This marks a further step in the Bank of England’s shift away from the cycle of rate hikes that saw interest rates reach a 16-year high.…
Read MoreIs Your Mortgage Deal Ending in Early 2026? Why Now Is the Time to Act
Homeowners whose fixed-rate mortgage deals expire in early 2026 are being urged to start planning ahead, as a new wave of rate rises and higher payments could be on the horizon. UK Finance data shows that around 1.6 million fixed-rate mortgage deals are due to end in 2025, with a similarly high number expected to…
Read MoreIs Your Five-Year Fixed Mortgage Ending? Here’s What You Need to Know
Is Your Five-Year Fixed Mortgage Ending? Here’s What You Need to Know If your five-year fixed mortgage deal is coming to an end, you might be wondering what to do next. Many homeowners who locked in a low fixed rate several years ago are now facing a different mortgage market, where rates have changed. With…
Read MoreBuying a Home in a Flood Risk Area: What You Need to Know
Buying a Home in a Flood Risk Area: What You Need to Know Purchasing a home is one of the most significant decisions you’ll ever make, so it’s crucial to consider all potential risks before committing. This winter, flooding has once again made the headlines, affecting many homes across the UK, and highlighting the importance…
Read MoreWhy are Tracker Mortgages becoming so popular?
Why are Tracker Mortgages becoming so popular? Tracker mortgages have gained significant traction in the UK housing market throughout 2024, with recent data showing a 67% surge in uptake compared to 2021.1 The appeal of these products stems from their flexible nature, offering interest rates that follow the Bank of England’s base rate, which has…
Read MoreChancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election.
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election. We wanted to provide you with a summary of the most notable points that were made in yesterday’s speech. Personal taxes Freeze on income tax and National Insurance thresholds to end in 2028, preventing people…
Read MoreFirst-Time Buyers: Two Months Left to Save up to £15,000 in Stamp Duty
First-Time Buyers: Two Months Left to Save up to £15,000 in Stamp Duty Time is running out for first-time buyers looking to save big on their property purchase. According to new research from Zoopla1, buyers have just two months left to take advantage of the current stamp duty relief before rates rise, potentially saving as…
Read MoreWhat to do if you’re dealing with debt
What to do if you’re dealing with debt If you are in debt, or have a family member who is, it can be the loneliest place to be and no matter how resilient you are, eventually it will wear you down. However, there are strategies you can adopt to alleviate the situation and get…
Read MoreHow to Save Money When Buying a Home
How to Save Money When Buying a Home Buying a home is one of the most significant purchases you’ll ever make. While it’s exciting to imagine your new space, it’s crucial to keep your finances in check. Here are some fun and practical ways to save money during your home-buying journey. Know Your Budget and…
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