Tag: First Time Buyer

Interest Rates

Interest Rate Rise

Interest Rate Rise In 2007 Bulgaria and Romania joined the European Union, Lewis Hamilton got his first drive in Formula 1 partnering with Fernando Alonso at McLaren, the final book in the Harry Potter series was published and England played their first match at the new Wembley Stadium. It was also the year in which the Bank of England last [...] Read more
Mortgages

Mortgage-savvy millennials

Mortgage-savvy millennials When it comes to their mortgage, are younger people making better financial decisions than their older counterparts? The term 'millennial generation' applies to people born somewhere between 1980 and 2000, a 20-year span which also saw a huge rise in property prices. At the start of 1980, the average house price was £22,677, but by the end of [...] Read more
conveyancing

Do you know your credit rating?

Do you know your credit rating? If you're looking to take your first steps onto the housing ladder you may have sacrificed your takeaways and holidays to save the deposit and scoured hundreds of houses online. But have your checked your credit history? Even if you're remortgaging or moving up the housing ladder your credit history will be important. What [...] Read more
conveyancing

How to choose a good conveyancer

Conveyancing is an important part of the home buying process, and it’s important to note it’s required when both buying and selling a property.

So what should you consider when choosing a property solicitor to carry out your conveyancing? It’s important to use a qualified property solicitor who’ll be able to take care of a range of issues on your behalf, including:

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fixed rate mortgage

Thinking of fixing your mortgage?

Thinking of fixing your mortgage? If you think an increase in your mortgage repayments could have a negative impact on your lifestyle or financial wellbeing, you may want to consider fixing your mortgage. With a fixed rate mortgage, your payments are set at a certain level for an agreed period, regardless of whether your lender changes its Standard Variable Rate [...] Read more
First Time Buyers

Buying for the first time

Buying for the first time? For first time buyers, getting onto the property ladder may seem like a daunting process, but there is help available. With demand outstripping supply in many areas, the average UK house price has been pushed beyond the reach of many of the UK’s estimated 335,750 first time buyers. A report from The Land Registry (based [...] Read more
downsizing your home

Parent landlords

Parent landlords With house prices rising faster than salaries, the younger generation face having to find a much bigger multiple of their income to buy a home, compared to their baby-boomer parents. Couple this with rising rent payments that stifle the ability to raise a deposit and you can see why ‘Generation Rent’ is a growing population and more kids [...] Read more
Mortgage Advisers

Buying for the first time?

Buying for the first time? For first-time buyers, getting onto the property ladder may seem a daunting process, but there’s more help available than you might think. With supply and demand at an imbalance, the average UK house price has been pushed beyond the reach of many first-time buyers. August data from Land Registry shows an annual price increase of [...] Read more
downsizing your home

Bank of mum and dad

With rising house prices outpacing income an increasing number of young people will borrow from parents and family in order to get onto the property ladder. The 10th largest mortgage lender The combined amount which parents and grandparents will be prepared to gift or loan their children to help them buy their first home is estimated to be £5bn. This [...] Read more