Purchasing your first property will probably be the largest financial commitment you will ever have made. However, looking for the right place can often be time-consuming, expensive if you need to take unpaid time off from work and often extremely frustrating. On top of all the emotional turmoil you have to go through you also […]
Don’t panic if you are looking to borrow
Wednesday, June 25th, 20081.4m borrowers are going to come off cheap two year fixed rate deals in the coming few months. If you were to believe everything you read these days then you couldn’t be blamed for thinking things are going to get a lot worse in 2008.
While this picture is partially true it only paints a half […]
Mortgage for first-time-buyers launched by Yorkshire
Monday, June 9th, 2008Yorkshire building society has launched a new mortgage which is targeted specifically towards key workers who are struggling to buy their first home.
The exclusive “Open Market HomeBuy” loan offers key workers a regular mortgage for 67.5% of the properties value.
This new offer replaces Yorkshire’s old offer where a regular mortgage could be taken out for […]
Find the right lender for you
Thursday, June 5th, 2008If you are having trouble meeting your monthly loan repayments and you are looking to switch lenders then there are a few tips you should follow in order to avoid being caught out.
First of all there are some lenders you should be very wary of. For instance some lenders give loans to anyone, regardless of […]
Men more likely to go it alone when buying their first home
Tuesday, June 3rd, 2008A study conducted by the Scottish Widows into the buying patterns of first-time buyers has revealed that a gender gap exists in the prospect of buying a home alone or with a partner.
The study found the while just 65% of males purchase a property with a partner the figure jumps to 77% for females, showing […]
Shortage of housing likely to help steady house prices
Friday, May 2nd, 2008While demand for housing in the past few months has dropped considerably the shortage of housing in many regions in of the UK is likely to help prevent house prices from crashing.
The shortage in housing provides a certain level of offsetting support to prices despite the fall in demand from buyers, this is particularly the […]
Mortgage sharing with friends?
Wednesday, April 9th, 2008Many first time buyers are now so desperate to get onto the property ladder that they are making alliances with mates in order to be able to afford the home loan.
It is not uncommon for young people to join up with siblings or friends and in some cases even strangers in order to increase the […]
Your First Home
Wednesday, April 2nd, 2008So you have finally saved up a little money and are thinking of buying a new house. This is quite possibly going to be the biggest investment you will ever make. However the joy of buying a new house can often come at a large emotional cost given the time, expense and frustrating that can […]
How likely is a US-style house-price crash here in the UK?
Tuesday, April 1st, 2008The past few months have seen considerable cooling off of the UK housing market. Estate agents across the UK have been reporting that house prices have been falling while mortgage lender snapshots of the property market have shown another decrease in house prices over the last month.
While five consecutive interest rate rises by the Bank […]
IMF warns Britain at risk of US-style property crash
Tuesday, April 1st, 2008The International Monetary Fund (IMF) has warned that the prospect of a US-style house price crash here is possible as the credit crunch begins to take its toll on a heavily over-priced property market.
Each half year the IMF comes out with check on the health of the global economy and the Washington based institution has […]