40-year mortgages offer lifeline to FTBs
More than six in 10 would-be FTBs said that affording the mortgage payments was a significant obstacle to buying a home. A 40-year mortgage could cut monthly payments by hundreds, making it easier to get on the ladder. Just remember: longer terms can mean more interest overall.
Is your fixed rate coming to an end?
Over 350,000 UK households will face higher payments this winter as low-rate deals from 2020–2023 end. With the Autumn Budget on 26 Nov, now’s the time to review your mortgage options. Early planning can save you thousands.
Mortgage Guarantee Scheme made permanent
The Mortgage Guarantee Scheme aims to sustain availability of high LTV mortgages by incentivising lenders with government-backed guarantees. First-time buyers and home-movers across the UK can benefit, but professional advice is essential to help you choose the right deal.
Mortgage overpayments – small steps, big savings
Overpaying your mortgage, even by small amounts, could save you thousands and cut years off your loan. Thousands of homeowners could be tapping into these benefits, but a third of the people not making overpayments say they are being held back by a lack of understanding.
Fewer young people securing mortgages
A proposed new ‘Freedom to Buy’ mortgage guarantee scheme is unlikely to support prospective first-time buyers, according to FCA data analysed by Quilter. The total number of people between the ages of 18 and 30 securing a mortgage was 350,092 in 2023, down from a spike of 401,665 in 2021
Buyers of new builds more protected than ever
It might not be the most exciting thing to think about when looking for a new home but regulations for newly built homes can certainly make a big difference to buyers.
Overcoming the challenges faced by first time buyers
There have always been challenges involved with buying a first home, but what specifically are they and what does the future hold for FTBs?
Keen landlords upgrading their EPC
Did you know almost half of all UK pension savers have not thought about who will inherit or otherwise benefit from their retirement savings?
Do FTBs know the support available to them?
Many FTBs lack awareness of affordable schemes like Shared Ownership, despite its benefits. Shared Ownership offers lower deposits by allowing buyers to purchase property shares. To afford homes, many young Londoners work more and rely on financial support from parents
Significant gains for UK homeowners over two decades
Over the past 20 years, UK properties have increased in value by an average of £80,000. High-demand areas like the Cotswolds and South East saw the most significant gains, driven by location, infrastructure, and lifestyle changes, highlighting market resilience