Emma Orlando made a bold move when she realized she couldn’t save enough for a house deposit while paying £1,000 per month in rent. Three years ago, the 28-year-old decided to live in a campervan to save money. With the help of a friend and online tutorials, Emma transformed her van into a livable space. …
Lenders Cut Mortgage Rates in Start of Price War as Struggling Homeowners Receive a Needed Boost By Jessica Beard Deputy Money Editor Updated: 00:04 BST, 15 September 2023 Struggling homeowners received a much-needed boost yesterday as a five-year fixed-rate mortgage deal below 5% went on sale for the first time since June. This development has …
Aspiring first-time buyers find themselves in a difficult situation due to rising rents and mortgage rates. Higher mortgage rates have made it more challenging to purchase a first home, while increasing rents limit the amount that can be saved for a deposit. Rightmove reports that the average five-year fixed mortgage rate is now 5.67%, up …
Having Trouble Deciding on Your First Home? Experts Share Their Advice After years of renting with friends, I’ve finally decided to start looking for my first home. However, I’m feeling overwhelmed and unsure about making such a big decision. Falling house prices and high mortgage rates have added to my uncertainty. To overcome this decision …
Perenna, a new mortgage lender, has obtained its unrestricted banking license, making it the first start-up to do so in 2023. The company plans to offer borrowers the option to fix their home loan interest rate for up to 30 years, a product that is common in many countries but not in the UK. Unlike …
The typical homeowner has seen £14,000 knocked off the value of their property over the last year, according to Halifax’s latest figures. Halifax’s long running index showed house prices dropped by 4.6 per cent annually, the biggest year-on-year fall since 2009, as the mortgage spike takes its toll on the property market. Average house prices …
With fixed rates beginning to decline, homeowners may be enticed to wait and observe just how much they will drop before committing to their next deal. However, experts suggest that in a volatile mortgage market, this can be a risky gamble. Online property portal Zoopla predicts that mortgage rates may fall below 5% by the …
At this pivotal crossroads in my life, I find myself seeking advice and opinions on the best course of action. I’m a single, 38-year-old homeowner with a mortgage, but I am fortunate to have savings that now exceed the remaining amount on my mortgage. Specifically, I have £37,000 in savings while my mortgage amount is …
NatWest and HSBC have announced that they will be cutting mortgage rates in a move that could potentially lead to a five-year fix rate below 5%. The rate cuts come as mortgage brokers anticipate further reductions as banks compete for business. One broker even hopes for a low 4% five-year rate by the end of …
Skipton Building Society is now offering a no-deposit mortgage option to a wider range of homebuyers, including former homeowners who have transitioned to renting. The expansion of the Track Record mortgage aims to assist more individuals who are currently trapped in the rental cycle. Since its initial launch in May, Skipton has received over £40 …