Renters pay £41,900 before buying their first property
February 19, 2014 – 10:29 am | One Comment

UK homeowners spend an average of £41,900 on rental payments before buying their first property, according to new research from Santander Mortgages.
On average, homeowners who rent prior to buying spend seven years as a tenant …

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Renters pay £41,900 before buying their first property
February 19, 2014 – 10:29 am | One Comment
Renters pay £41,900 before buying their first property

UK homeowners spend an average of £41,900 on rental payments before buying their first property, according to new research from Santander Mortgages.
On average, homeowners who rent prior to buying spend seven years as a tenant …

Help to buy mortgage scheme Q & A
February 16, 2014 – 8:19 pm | No Comment
Help to buy mortgage scheme Q & A

The government says that its Help to Buy scheme will assist people trying to get on the housing ladder who can afford mortgage repayments but are struggling to raise a deposit.
But critics say that the …

Scottish Widows cuts interest rates on fixed rate and tracker mortgages
February 13, 2014 – 1:16 pm | No Comment
Scottish Widows cuts interest rates on fixed rate and tracker mortgages

Scottish Widows Bank has announces changes to a number of its products today, including its niche Professional range.
The Professional range, which goes up to 85% LTV, are all two-year fixed rates and have been reduced …

First-time buyer mortgages shoot up 37% in December
February 13, 2014 – 9:50 am | No Comment
First-time buyer mortgages shoot up 37% in December

The number of first-time buyer loans rose by 37 per cent in the 12 months to December 2013, according to figures released today by the Council of Mortgage Lenders.
A total of 26,700 mortgage loans were …

So now is the time to fix your mortgage?
January 17, 2014 – 3:25 pm | No Comment
So now is the time to fix your mortgage?

A senior member of the Bank of England has suggested borrowers would be better off switching to a fixed rate mortgage to avoid being stung with higher repayments when base rate rises.
Richard Sharp, an external …

10 buyers for every new property as housing market accelerates
January 16, 2014 – 9:41 am | No Comment
10 buyers for every new property as housing market accelerates

An average of 9.7 buyers were chasing every new property in the fourth quarter of 2013, according to estate agency Countrywide.
Research by the firm shows the buyer-to-seller ratio jumped from 8.5 in November 2012, 7.1 …

Almost two-fifths of UK house hunters fear mortgage rejection
January 15, 2014 – 9:29 am | No Comment
Almost two-fifths of UK house hunters fear mortgage rejection

Nearly two-fifths (38 per cent) of house hunters are concerned they will be rejected for a mortgage, according to new research by TSB.
The survey of 2,014 people showed younger buyers – those under the age …

Get help with Stamp Duty from TSB Mortgages
January 13, 2014 – 12:44 pm | No Comment
Get help with Stamp Duty from TSB Mortgages

TSB has offered to pay 1% Stamp Duty for homebuyers purchasing properties costing between £125,001 and £250,000.
The offer applies to a range of mortgage products with interest rates starting from 2.84%. At present TSB …

How you can get the best mortgage deal
January 6, 2014 – 3:16 pm | No Comment
How you can get the best mortgage deal

Qualifying for a mortgage can be a complicated affair and some first-time buyers may find it daunting. It is important to choose the correct lender and not to pay a higher rate than necessary.
That means …

Rents are rising at twice the pace of wages
December 23, 2013 – 1:38 pm | No Comment
Rents are rising at twice the pace of wages

Wages have grown at half the speed of rents in the last 12 months according to the latest Buy-to-Let Index from LSL Property Services.
As of November, the average rent across England and Wales now stands …