Number One In Scotland!
https://www.propertyreporter.co.uk/landlords/majority-of-renters-say-they-would-move-a-maximum-of-17-minutes-further-away-from-work-to-buy-a-home.html read more
Figures released by Trussle showed that 12% of existing homeowners have received financial assistance from the ‘Bank of Granny & Grandad'. https://www.propertyreporter.co.uk/finance/third-of-ftbs-given-deposit-boost-by-grandparents.html read more
After over 35,000 FTB mortgages were completed in August 2019, the figure is at a 12 year high. https://www.propertyreporter.co.uk/finance/ftb-monthly-lending-figures-at-12-year-high.html read more
In a survey carried out by Aldermore, 57% of respondents spent more money than intended, 23% lived in an empty house for months after moving in and 13% said it took years to afford to furnish and decorate it the way they wanted. https://www.propertyreporter.co.uk/finance/new-survey-reveals-majority-of-ftbs-underestimate-the-cost-of-homeownership.html read more
The percentage of first time buyers seeking help from the bank of mum and dad or another relative has increased to 61%, compared to just 20% 30 years ago. https://www.financialreporter.co.uk/mortgages/61-of-first-time-buyers-relying-on-bank-of-mum-and-dad.html read more
This article goes on to say that the government should provide state loans so young people do not need to rent. https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers?CMP=fb_gu The purposely seems to run in the same manor as student loans. I am not sure if this is a good idea. Where is the government getting the money? read more
Three market industry leader have there option of a 100% mortgage making a return. Read here if interested http://www.mortgagesolutions.co.uk/your-community/2018/03/21/100-ltv-mortgages-make-comeback-marketwatch/?utm_source=customsell&utm_medium=email&utm_campaign=msol-editorial-newsletter-market-watch-house-advert-bsla-21-march-1521644293 Here is my 2 cents worth. Yes they should but, under the following criteria. 1) Minimum interest rate should be 5% and this would be fixed for 5 years 2) Bring back read more
I read an article threating, again, that banks must behave on how much money they are willing to lend to customers. read here https://www.telegraph.co.uk/business/2018/03/16/bank-england-warns-mortgage-risk-interest-rates-rise/ I am getting tired of this. It is so simple. Customers will have to take there own responsibility or face losing there home and or bankruptcy. We do not need the Bank of England or the governments help or there influence with these matters. read more
The LGA, which represents local authorities in England and Wales, said that the failure to build enough homes for decades meant existing properties will have to house more people and last for much longer. This has led to the country spending nearly as much on the repair and maintenance of existing homes as it does building new ones. Cllr Judith Blake, LGA Housing spokesperson, said: “Our country’s failure to build enough homes over the past few decades is putting huge pressure on our existing housing read more
Such "reversion" rates are often the same as the lender's standard variable rate, or SVR. According to Ray Boulger of John Charcol, the broker, SVRs can currently be as high as 5.75pc. This could mean that some banks are forced to stress test at a very high rate of 8.75pc. Stringent new rules on mortgage affordability could force borrowers to prove that they could afford repayments almost twice as high as the expected monthly cost of their loan. The Bank of England announced the beefed-up rules on affordability or read more