Tag: Aldermore
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First-Time Buyers Find It Takes FIVE MONTHS Longer to Buy a House
Thinking of getting a foot on the property ladder? Brace yourselves! New research reveals that first-time buyers are wildly underestimating the time it takes to buy their first home. According to a study by Aldermore Bank, those dreaming of owning a home are out of touch with the reality of the housing market, leading to…
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Mortgage Rates Cut by Together and Aldermore
Two more lenders are slashing their mortgage rates! Together Cuts Rates by Up to 25bps Together, a specialist lender, has reduced rates on its popular “Discounted Rate” mortgage products. This type of mortgage is a bit like a tracker, offering a discount on the lender’s standard homeowner managed rate for two years. Here’s the summary:…
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Mortgage Rate Cuts from Aldermore
Aldermore Bank has slashed mortgage rates by up to 0.50% giving a much-needed boost to both homeowners and landlords. This good news comes as part of a shake-up of the bank’s mortgage range, with cuts for both new and existing customers. Here’s what you need to know: For those looking to buy a home (residential…
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New Buy-to-Let Deals from Aldermore
Aldermore has just launched a new batch of limited edition buy-to-let mortgage deals that could save you money. Here’s the summary: What does this all mean for you? These new rates could save you a tidy sum on your monthly mortgage payments, giving you more cash flow to invest in your properties and grow your…
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Election Promises Fall Flat for First-Time Buyers
Despite promises of cheaper mortgages and more homes, first-time buyers aren’t convinced the upcoming general election will make getting on the property ladder any easier. A recent survey by mortgage lender Aldermore has revealed that less than half (46%) of potential first-time buyers believe the election will improve their chances of buying a home. This…
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Aldermore Makes Getting a Mortgage Easier for Contractors
Good news for anyone working as a self-employed contractor – getting a mortgage is about to get simpler! Aldermore bank has just announced a major shake-up to its lending rules, making it easier than ever for contractors to secure a mortgage. In the past, contractors often faced an uphill battle when applying for a mortgage.…
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Buy-to-Let Hotspots in the UK Where Profit Waits
High interest rates and inflation are piling up the costs of holding properties, yet the robust growth in rental demand and prices offers a silver lining. However, this broad national overview masks the intricate patchwork of local markets, where the fate of landlords swings dramatically from city to city. The Daily Mail has produced a…
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Buying a Home vs Renting in Today’s Market
According to the latest analysis by Hamptons, opting to buy a property with just a 10% deposit has proven to be £9 cheaper per month than renting, on average. This marks the first time since May of the previous year that an average single renter finds themselves in a less favourable financial position monthly compared…
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Aldermore Cuts Rates for Homebuyers and Landlords
Aldermore Bank has just announced considerable reductions in their mortgage rates. Starting from Tuesday, 16th January, the lender is implementing a 0.50% cut across both its residential and buy-to-let mortgage products. Residential Mortgage Changes For those looking to buy their own home, Aldermore’s rate reduction is particularly good news. The bank has slashed the fixed…
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Hidden Costs of Homeownership – A First-Time Buyer’s Guide
Key points – First-time homebuyers in the UK, beware: owning your dream home comes with hidden costs that can add over £2,000 to your annual expenses. This warning comes from Aldermore Bank, which conducted extensive research revealing the often-overlooked financial burdens of homeownership. The Breakdown of Additional Costs According to Aldermore’s findings, first-time buyers should…