In a move that could reshape borrowing and investment landscapes, the Bank of England (BoE) has cut interest rates to 4.5%, down from 4.75%. This marks the lowest rate since June 2023 and signals a potential shift in monetary policy. But is this the first of many...
The UK housing market has started 2025 on a strong note, with house prices rising at their fastest rate since April 2023. According to Zoopla, house price inflation stood at 2% at the end of December, up from 0.9% a year ago. The average UK house price now sits at...
Contracting offers independence and flexibility, but it can also bring financial risks, especially if you’re unable to work due to illness or injury. Without the benefits of a permanent employment contract, contractors often lack access to Statutory Sick Pay...
Navigating the mortgage market as a contractor with bad credit can seem overwhelming, but with the right knowledge and strategy, you can secure the right mortgage. Contractor mortgage with bad credit solutions offer pathways for contractors who face the dual challenge...
If you’re a property investor or a business owner, a limited company mortgage could be your ideal route to owning property under your company’s name. Whether you’re expanding a property portfolio or acquiring a business location, understanding this unique financial...
If you’re working through an umbrella company, securing a mortgage may seem more complicated than it is for traditional employees. Umbrella company employees face unique challenges that can make lenders hesitant. However, with the right approach, you can still...
Being your own boss is great, but when it comes to getting a mortgage, it might feel like you’re navigating a maze. The good news? It’s absolutely possible to get a self employed mortgage—you just need the right approach. In this guide, we’ll break down...
Securing the right deal with contractor mortgage lenders can feel overwhelming. Traditional lenders often struggle to assess the unique income patterns of contractors, leaving many professionals unsure about their mortgage options. The rise of tailored contractor...
Many property investors face growing challenges in today’s rental market, from rising tax burdens to the complexities of managing multiple properties. These issues can make traditional buy-to-let ownership less appealing and less profitable. But there is a solution:...
House asking prices have seen a sharp rise in January, with an average increase of £5,992—or 1.7%—from December. This marks the biggest “New Year bounce” since 2020, with the typical home now listed at £366,189, according to Rightmove. However, despite the...
Navigating the intricate world of freelancer mortgages can often feel like venturing into uncharted territory. With fluctuating incomes and non-traditional employment structures, many freelancers wonder: can I successfully secure a mortgage in today’s risk-averse...
Self-employed remortgages can present unique challenges, especially for those who are newly self-employed. While it is possible to secure a remortgage, lenders may scrutinize your financial situation more closely compared to traditionally employed individuals when...
Buying a home is one of the most significant investments you’ll make in your lifetime. Understanding the home buying process in detail can help first-time buyers avoid costly mistakes and navigate each step with confidence. This guide provides an in-depth breakdown of...
Remortgaging when self-employed might seem challenging at first. Unlike salaried employees, self-employed people must prove their income differently. However, with the right knowledge and preparation, you can secure a deal that fits your needs. In this guide, we’ll...
Getting a self employed mortgage might feel overwhelming, but it’s absolutely achievable. Self-employed people often face stricter checks from lenders, but with preparation and knowledge, you can secure a mortgage that works for you. This guide explains every step in...
Inflation in the UK took an unexpected turn in December, dropping to 2.5% from November’s 2.6%. This decline marks the first dip in inflation in three months, raising hopes for an interest rate cut by the Bank of England as early as next month. The decrease was...
Major updates to Stamp Duty Land Tax (SDLT) are set to take effect on April 1, 2025, impacting homebuyers and property investors across England. Whether you’re buying your first home, upgrading, or investing in a second property, understanding these Stamp Duty changes...
Looming changes to stamp duty are expected to fuel a surge in first-time buyer activity, British bank Halifax has revealed. With the average UK house price nearing £300,000, this shift could be a pivotal moment for prospective homeowners looking to climb onto the...
Buying your first home is a significant milestone, but navigating the process can feel overwhelming. Our First-Time Buyer Guide provides all the information you need to secure your first mortgage in the UK in 2025. Let us help you turn your dream into reality with...
UK house prices ended 2024 in a strong position, posting a 4.7% increase compared to December 2023. While prices remain just below the all-time high seen in summer 2022, the resilience of the housing market has been noteworthy, according to the latest Nationwide House...
The UK is an attractive destination for non-UK citizens looking to buy property, whether for personal use or investment purposes. However, securing a mortgage as a foreign national can be challenging due to factors like visa restrictions, credit history requirements,...
The Bank of England kept its base rate steady at 4.75% in December, following two cuts earlier this year. While these reductions signal progress, borrowing costs remain a challenge, especially for contractors and self-employed professionals. After a long stretch of...
Key workers form the backbone of society, providing essential services that keep communities functioning smoothly. Despite their critical roles, many key workers face challenges when trying to secure a mortgage, particularly in high-demand housing markets. Key worker...
Healthcare workers in the UK are essential to the well-being of society, yet many find the mortgage process complex and daunting. NHS mortgages aim to simplify this journey by offering tailored solutions designed to meet the unique financial circumstances of...
The market for self-employed mortgage applicants is projected to grow significantly, with lending set to rise from £20.9 billion in 2023 to £34.8 billion by 2029, marking a 67% increase, according to Together’s Residential Property Market Report, December 2024. The...
Foster carers play a vital role in providing stability and care to children and young people in need. Despite their societal contributions, many foster carers face unique challenges when applying for mortgages due to irregular income structures and misconceptions by...
Getting a mortgage can feel tricky when you’re a dentist. Long hours, complex incomes, and student loans often make things harder. But here’s the good news—lenders know how stable and reliable dental professionals are. Many offer special deals just for...
The UK has a dedicated nursing and midwifery workforce of around 360,000 professionals. The nature of the nursing profession, characterised by its demanding schedules and essential service to society, often leads to certain perks and discounts in various sectors as a...
The UK housing market continues its upward trajectory, with house prices rising for a fifth straight month, reaching a record high of £298,083. Halifax reports a 1.3% monthly increase in November, the most significant gain this year, and an annual growth rate of 4.8%,...
Halifax has introduced a new 1.5-year fixed-rate product for remortgages, featuring rates starting at 4.37% and £250 cashback across all options. Halifax Product Highlights: You might think that being a doctor automatically makes you an ideal candidate for a mortgage,...
Navigating the mortgage landscape can be tricky for doctors and medical professionals. Despite your high earning potential and stable career outlook, lenders often perceive the unique nature of your employment—whether it’s locum work, self-employment, or private...
The Bank of England reduced its base interest rate to 4.75% in November, marking the second rate cut in 2024 following the August reduction to 5%. Interest rates significantly impact mortgages, loans, credit cards, and savings accounts for millions of people across...
Donald Trump’s recent US presidential election victory could positively influence the UK housing market, according to speakers at the Specialist Lending Expo (SLE) yesterday. Steve Cox, Fleet Mortgages’ Chief Commercial Officer, noted the potential for increased...
Buying a home can feel like a complex puzzle, especially when you’re a locum doctor juggling different contracts, shifts, and pay rates. Your work schedule might be flexible, but when it comes to getting a mortgage, that same flexibility can raise eyebrows among...
The Bank of England has announced its second interest rate cut of the year, reducing the rate to 4.75%. This is a 0.25 percentage point drop from the previous rate of 5%, marking the lowest rate seen in over a year. While this may sound like good news for borrowers,...
Chancellor Rachel Reeves has unveiled transformative housing policies in the Autumn Budget 2024, significantly raising the stamp duty on second homes and introducing changes aimed at benefiting first-time buyers. Key Changes for Second Homes and Investment Properties...
Positive News on Inflation Bank of England Governor Andrew Bailey recently shared some good news about inflation in the UK. He said inflation is falling “faster than expected.” However, he also expressed concerns about changes in the economy that could affect prices...
September Sees a Jump in Remortgaging As summer ended, more people started remortgaging their homes in September. According to LMS, the average monthly payment increased by £370.13 for those who switched mortgages last month. This jump in activity was expected since...
UK Market Sees First Nationwide Price Rise Since 2022 UK House Prices on the Rise Again According to the latest RICS UK Residential Survey for September, house prices are rising at a national level for the first time in two years. The report shows a +16% national...
HSBC Reduces Mortgage Product Rates Across Residential and Buy-to-Let Ranges HSBC has announced a series of mortgage rate reductions, effective Thursday, 3rd October, impacting both residential and Buy-to-Let (BTL) customers. The changes apply to a variety of product...
In a recent development, The Mortgage Works and Halifax have both announced cuts to their mortgage rates, effective September 26. These changes aim to provide more favorable options for borrowers amid a fluctuating market. The Mortgage Works Rate Cuts Buy-to-Let (BTL)...
The Bank of England kept interest rates at 5% during its 19 September meeting. This decision was widely expected by economists. The pound rose strongly against the dollar and euro, while the FTSE 100 dipped slightly. European stocks went up after the Federal...
Nationwide Building Society has announced a major reduction in selected mortgage rates, set to take effect from today, Friday, 13 September 2024. The cuts, which reach up to 0.25 percentage points, are primarily aimed at first-time buyers, with further reductions...
Mortgage borrowing has reached its highest level in almost two years. More people are taking out loans as interest rates go down. According to the Bank of England, 62,000 mortgages were approved in July. This is the highest number since September 2022, showing that...
Halifax is making it easier for first-time buyers to secure a mortgage. Starting Thursday, August 29, the maximum Loan-to-Income (LTI) limit will increase to 5.5x. This change is available for those with a household income of £50,000 or more, a loan-to-value (LTV)...
Halifax has made some changes in response to the feedback and is now accepting five more foreign currencies for income validation. Some of the currencies are the US dollar, the Euro, Australian dollar, Indian Rupees, and Swiss Franc. Halifax will convert your basic...
For the first time this year, inflation in the UK has ticked up slightly to 2.2% in the 12 months preceding July, however, the rest of the hyperactive group continued to be hyperactive in the future period. This is only a slight rise and takes it just over the Bank of...
Housing costs have risen. In July, the average house price was £291,268, noted Halifax, a leading UK mortgage provider. This represents a 0.8% increase from June; this was equal to the cost of over £2,200 for the average property. The increase outstripped the...
Interest rate cutting has just occurred in the Bank of England for the first time in over four years with the base rate slashed from 5. 25% to 5%. Also this decision made in a tight poll among policymakers is good to some extent to give some relief to homeowners by...
As competition between lenders heats up ahead of the Bank of England’s next rate decision, mortgage rates have fallen. The average rate for a two-year fixed deal, which was nearly 6% at the start of the month, is now 5.79%, according to Moneyfacts. The average...
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