Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
Without a legally valid Will, you risk leaving your loved ones in a difficult position where the government decides how your estate is divided. The same applies if you lose mental capacity without an LPA in place. Your family may struggle to manage your affairs. This is why estate planning is one of the most valuable gifts you can give your family.
If you’ve been waiting for the right moment to buy a home or move up the property ladder, this could be your golden opportunity. The Bank of England made a 3rd cut in interest rates in the last 8 months - potentially making mortgages cheaper and opening doors for first-time buyers and homeowners looking to move. But how long will this window of opportunity last? And should you act now?
With interest rates fluctuating and the cost of living rising, many homeowners are exploring remortgaging as a way to potentially save money or secure more manageable repayments. If you're considering remortgaging in 2025, understanding when to make your move is crucial to maximising these potential savings. Here's what you need to know to get ahead of the game.
