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.
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.
Specialist mortgage advice has traditionally been sought by those with specific requirements, but changes in society, and the growing trend towards flexible working have altered our housing needs. These changes mean that an increasing number of potential homeowners will fall outside of traditional mortgage selection criteria. And as a result, specialist mortgage products are becoming increasingly relevant to all home buyers.
Spring is in the air and the property market appears to be in better shape than many predicted during the dark days of last October. According to recent data from Rightmove, the housing market is showing green shoots of recovery. The topline of the report states that the market is better than expected and more buyers are returning, so are we seeing the green shoots of recovery?
