A proposed government scheme could make it easier for first-time buyers in England to purchase a new-build home with a much smaller deposit. The government has announced plans for a new equity loan scheme called Your First Home, aimed at buyers who can afford monthly...
Looking to apply for a mortgage in later life? Contrary to what you might think, it’s not too late to become a borrower in your fifties, sixties and beyond… If you think it’s too late to take out a mortgage in your fifties or sixties, think again. Borrowing in later...
The government has been warned that urgent action is needed to ensure housing wealth becomes a recognised part of mainstream retirement planning, with single women most likely to have smaller pensions. A new report published by UK consumer group Fairer Finance has...
While many people consider downsizing in later life, it might not be the best solution. Read on to find out why… and discover an alternative way to free up your finances. According to a recent survey, some three in five people aged 65 have considered moving to a...
The Bank of England has kept the base rate the same, but rising inflation and higher lender rates continue to create uncertainty for borrowers. If your mortgage deal ends within the next six to nine months, now could be a good time to review your options. The Bank of...
August’s inflation rise has been driven largely by higher fuel prices and airfares. With household bills also expected to increase, borrowers due to remortgage may benefit from seeking advice early. Headline inflation rose to 3.1% in August, up from 2.9% in July,...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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