There’s no question that it can all seem very daunting for first-time buyers who want to purchase their first home. For those saving hard to get a deposit together, it is important to note that this is just one outlying cost of moving house.
Does your family need financial protection?
Creating financial stability for our families is about managing day-to-day expenses, putting food on the table and a roof over their heads. But it also means thinking about the future and planning for all eventualities so you can safeguard their future.
What are the pros and cons of 100% mortgages?
A 100% mortgage is, very simply, a home loan which allows the buyer to purchase a property without putting down any money (or a deposit) up front.
Six key factors that can affect your first mortgage application
Applying for your first mortgage is an exciting milestone, but it can also feel overwhelming. Lenders assess numerous factors to determine your eligibility, and some seemingly minor financial decisions can significantly impact your application.
A first-time buyer’s guide to mortgage rates
For the last 14 years, mortgage rates – the interest rate charged on the money borrowed to purchase a property – have tended to be low, because interest rates, in general, have remained low.
Think insurance companies don’t pay out?
Buying a home and taking on a mortgage is often the biggest financial commitment a person will make in their lives.
Your remortgage questions answered
According to the Bank of England, 3.6 million mortgages are set to be renegotiated over the next three years, amounting to 41% of all outstanding home loans.
How can the Bank of Family support first time buyers?
With gifts and loans from the Bank of Mum and Dad totalling a whopping £9.4bn in 2023, it would be one of the UK’s biggest if it was a real bank or lender.
Product transfer v remortgage
When your mortgage deal comes to an end, it’s natural to wonder what’s next. Should you stick with your current lender and switch to a new deal—or explore what other providers have to offer?
The cost of buying a house
Understanding the costs of buying a home can help you get prepared for moving day and avoid any unwelcome financial surprises. We help take the stress out of homebuying.