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.
As 2024 gets underway, homeowners facing the end of their fixed-rate mortgage terms are presented with a critical decision - navigating the remortgage market to secure the best possible deal. The landscape of interest rates and mortgage products is ever-changing, and making the right choices can significantly impact your financial future.
The UK mortgage landscape has experienced a significant shift, with rising mortgage rates becoming a growing concern for homeowners. However, amidst these uncertainties, the UK Mortgage Charter has emerged as a beacon of hope, offering practical ways to help UK homeowners during remortgaging and providing peace of mind in these challenging times.
As a specialist mortgage broker in London, we understand the importance of being prepared when your fixed rate mortgage term is coming to an end. It is crucial to make informed decisions that can potentially save you money and secure the best possible mortgage deal for your specific needs. Here, we outline five essential steps you should take when your fixed rate mortgage term is ending.
It's not just homeowners feeling the current mortgage pressure; even tenants are worried that their landlords, facing higher rates themselves, will increase their rent. Our mortgage consultant explores five reasons why mortgages have become such a source of discussion and detail our top tips for not letting mortgage worry get the better of you.
As the price of energy rockets, generating solar power and using it within your own household now offers a far bigger saving than it used to. Not only can solar panels reduce your energy bills, they can also improve your carbon footprint, too. More and more people are remortgaging their current properties releasing equity to fund home improvements in the hope that the value of their property will increase in the long term. However, remortgaging could also be an option for funding solar panels. Solar power might not only increase the value of your property, but also tick the box for homeowners looking for an energy efficient house to reduce energy bills.
