What Does The Rise In Interest Rates Mean For Mortgages?
The Bank of England has recently raised interest rates to 3%, which is the highest level since the onset of the 2008 financial crisis, and the biggest single hike (of 0.75%) for more than 30 years. The move was widely expected, to help tackle soaring levels of inflation, which currently stand at 11.1%, the highest […]
How Do Estate Agents Value Homes?
If you are searching for a new home to buy, or thinking about putting your current home on the market, you will probably be keeping your eye on house prices. The value of the average home in the UK has risen sharply over the past couple of years, by 14.3% in England and 14.6% in […]
Schemes To Help First Time Buyers
The housing market is not an easy place for first time buyers right now. Average house prices continue to rise, at the same time as mortgages are becoming more expensive and the cost of living crisis is squeezing incomes. However, there is hope on the horizon, as house prices are widely predicted to plateau or […]
5 Mortgage Myths Busted
Getting your first mortgage is one of life’s major milestones, and it can be an exciting but daunting prospect. The headlines often seem to be full of doom-laden news about spiralling house prices and rising interest rates. You may have assumed that a mortgage is beyond your means because of your credit record or level […]
How Is The Cost Of Living Crisis Affecting Mortgages?
The cost of living is rising at the fastest rate in the UK since the 1970s. The inflation rate, which is the measure of price rises, is currently at 9.1%. Basic commodities that we all need to live are more expensive than this time last year, and the rate continues to rise month on month. […]
Property Search Tips For First Time Buyers
Buying your first home is an exciting but daunting prospect. There’s so much to think about, and mistakes can’t be undone quickly. However, there’s plenty that you can do to make the process go smoothly, and avoid some of the common pitfalls. Here are some property search tips to help you land your dream home. […]
