Could equity release be the key to raising deposits for first time buyers?

2021-06-02T15:09:04+00:00June 2nd, 2021|First time buyer, Lifetime (equity release), Mortgage|

The second half of 2020 saw a 19% increase in the number of Equity Release products sold over the first half of the year, according to the Equity Release Council*. These figures show the robust nature of equity release, and demonstrate that more and more people are looking to money locked up in [...]

Do you want to help your relatives get on the property ladder?

2021-03-30T13:26:16+00:00March 30th, 2021|First time buyer, Lifetime (equity release), Mortgage|

In 2020, older homeowners released almost £755 million of equity in order to help younger members of their family meet a range of costs including supporting them with an average of £42,500 to use for a house deposit.* This new research helps illustrate the extent to which younger buyers are being supported by [...]

You can still buy, sell and move home during lockdown #3?

2021-01-22T15:27:26+00:00January 22nd, 2021|Buildings & contents insurance, First time buyer, Insurance, Mortgage, Remortgage, Secured loan (second charge)|

We know that the third lockdown rules can be a little confusing when it comes to the housing market. If you've been tuning in to the barrage of news conferences from the government, whether it's Boris, Matt, or Rishi, you may be feeling a bit overwhelmed, and we're completely on your side. There seems to be a [...]

What’s in the mortgage pot for this year?

2020-01-24T15:49:43+00:00January 15th, 2020|First time buyer, Mortgage, Product transfer, Remortgage|

Last year was a great time for those looking to remortgage. Five-year fixed rate deals proved the most popular as people looked to ride through the economic instability caused by uncertainty over Brexit. We also saw some innovative products come to market such as the first 15-year fixed rate deal for a decade, offered [...]

Bank of Mum and Dad amongst the UK’s biggest mortgage lenders

2019-12-09T10:41:02+00:00November 14th, 2019|First time buyer, Mortgage|

Securing a foothold on the housing ladder for your offspring is not so much de rigueur as necessary these days. According to Legal & General (L&G), £6.3bn was leant collectively by parents over the last year. As a comparison, the UK’s 10th largest lender, Clydesdale Bank, leant £5bn in the same time span. Having [...]

Exploring the Right to Buy

2019-11-05T12:46:24+00:00October 11th, 2019|First time buyer, Mortgage|

Navigating the housing market can feel like an uphill struggle if you’re a first-time buyer. Gathering the required deposit and passing eligibility checks can seem daunting. Interestingly, Knowledge Bank, who operate a mortgage search system for advisors, noticed that for the first time this July, queries for ‘Right to Buy’ appeared as the fourth [...]

Navigating the options for First-Time Buyers

2019-08-23T08:05:08+00:00September 20th, 2019|First time buyer, Mortgage|

Navigating your way onto the property market can seem daunting for first-time buyers. Having the right income, a good credit score and a decent deposit ratio can feel like a never-ending circle of hoops to jump through. The Government, however, has been putting several schemes in place to enable the process and make it [...]

Fix or float? What is the best mortgage deal at the moment?

2019-08-23T07:39:27+00:00August 21st, 2019|First time buyer, Mortgage, Product transfer, Remortgage|

More than 90% of new mortgage loans are now taken on a fixed-rate, with the most popular of these being a two-year fixed-rate. But with so much choice around, what is the best mortgage deal at the moment? Not bad for a product that wasn’t in existence 30 years ago. What has changed though [...]