Tag: Equity Release
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Bank of Mum and Dad to the Rescue: Record Numbers Using Property Wealth to Help Kids Buy Homes!
Are you a parent or grandparent struggling to see your kids get on the property ladder? You’re not alone! A new report shows that 42% of under-55s rely on family help to buy their homes – and it’s costing families billions! With house prices still high, it’s no surprise that getting a mortgage is a…
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Beware the Bait – Rising Mortgage Scams Target Homeowners
Homeowners and potential buyers across the UK are finding themselves increasingly targeted by opportunistic scammers offering deceitfully low mortgage rates. According to the latest data from Action Fraud, the national fraud reporting centre, incidents of mortgage and lender loan fraud have surged by 33% over the past three financial years. This rise coincides with climbing…
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Buying Property Abroad with Equity Release
Equity release might sound complex, but think of it as a financial tool specially designed for over-55s. It allows you to tap into the value of your home, releasing cash that you can use while still living there. Here’s how it works: You borrow against your home’s value, and you don’t need to pay back…
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Halifax Set to Hike Remortgage Rates This Friday
Halifax, one of the UK’s leading mortgage lenders, has announced a significant update that will impact numerous homeowners and prospective buyers across the country. Starting from this Friday, 15 March, Halifax will be increasing its remortgage rates, specifically targeting its two-year fixed rates. This decision follows closely on the heels of their recent adjustments to…
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Alternatives to Bridging Loans
Bridging loans have long been the go-to solution for many property professionals, there are other financing methods that could offer better benefits depending on your specific needs. Bridging loans, undeniably, have earned their place in the short-term lending market. They’re quick, flexible, and allow borrowers to leave their existing financial commitments untouched. This last point…
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What are Development Exit Bridging Loans?
In the ever-evolving landscape of the UK’s property sector, developers face an array of challenges, particularly in financing. Development exit bridging loans can offer a safety net for investors navigating the unpredictability of the economy. This financial product is not just a contingency plan but a strategic tool for maximizing profitability and maintaining project momentum…
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Understanding Mortgage Broker Fees and What They Mean for You
The world of property investment can often feel like a labyrinth, especially when it comes to understanding the various fees associated with mortgages. For many, mortgage brokers are the guiding light in this complex journey, offering advice and options. However, recent observations in the industry have highlighted significant discrepancies in what these experts are charging,…
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Shifting Trends Favour Build To Rent
Yorkshire property expert and partner at Zenko Living, Jonathan Morgan, told the Yorkshire Post about a profound shift towards long-term renting and how the public’s perception of housing is evolving. The Housing Act of 1988 and the Dawn of “Buy to Let” The Housing Act introduced in 1988 was somewhat of a game-changer for UK…