Tag: First-Time Buyers
-
HSBC, TSB and Others Announce Mortgage Rate Cuts!
HSBC has slashed its tracker mortgage rates to reflect the Bank of England’s recent decision to cut the base rate. Other lenders are following suit, offering cheaper deals to homeowners and those looking to buy. Last week, the Bank of England lowered the base rate by 0.25% to 5%. This was the first reduction since…
-
House Prices Set to Rise – But Booms Are Over
Good news – house prices are going up! But don’t expect another property price explosion… For years, buying a house felt like watching your money grow on trees. Prices were shooting up! But lately, things have been a bit more, well, normal. After a bit of a dip last year, experts reckon house prices are…
-
Race For Space Sends Detached Home Prices Soaring! Is Now the Time to Trade Up?
The price of detached homes is rocketing as Brits scramble for more space. Estate agents are calling it a ‘race for space’, with families taking advantage of slightly lower house prices and the possibility of falling mortgage rates to finally bag that dream detached home. Detacheds Surge Ahead in Value Official figures from the Office…
-
New Low Deposit Mortgages from Furness Building Society
Furness Building Society has launched a new range of mortgages designed to help people buy new-build homes with just a 3% deposit. The mortgages are available through the Own New scheme, which sees housebuilders contribute towards the cost of your mortgage. This contribution is then used to reduce your monthly payments for the first two…
-
Alarm Bells – First-Time Buyers Forking Out 40% of Wages on Mortgages
Are you dreaming of owning your own home but worried about crippling mortgage payments? You’re not alone! The latest figures from Nationwide Building Society reveal that first-time buyers are now shelling out 37% of their hard-earned cash on mortgage repayments. This figure is significantly higher than the long-term average of 30%, painting a bleak picture…
-
Greater Manchester House Prices – Where to Bag a Bargain and Where You’ll Need Deep Pockets!
Thinking of buying or selling a house in Greater Manchester? A recent analysis of the latest Land Registry data, by the Manchester Evening News, reveals the region’s property price peaks and troughs, giving you the most affordable and most expensive postcodes. Greater Manchester’s Most Affordable Postcodes For those looking to step onto the property ladder…
-
Midlands House Prices Plummet – Could You Grab a Bargain?
Birmingham homeowners are feeling the pinch as property prices have tumbled in some areas, with Moseley residents seeing £31,000 wiped off the value of their homes in just one year! But this could be good news for first-time buyers looking to get on the property ladder, with some bargains to be had across the West…
-
Halifax Slashes Mortgage Rates – Your Chance to Bag a Bargain!
Halifax Intermediaries is slashing mortgage rates by up to 0.33% starting August 1st! This is fantastic news for anyone looking to remortgage or climb the property ladder. Here’s the lowdown: The bottom line? Halifax is making it cheaper and easier to get a mortgage. Whether you’re looking to remortgage, buy your first home, or move…
-
House Sales Dip but Experts Say Don’t Panic!
The number of homes being bought and sold has dipped slightly, but experts are saying it’s just a blip and things are still looking good for the property market. Official figures from HMRC show that the number of house sales in June 2024 was slightly lower than in May 2024. This is the first time…
-
Virgin Money Slashes Remortgage Rates and Launches Exclusive Deals!
Good news for homeowners looking to remortgage! Virgin Money has just announced a shake-up of its mortgage rates, including cuts of up to 0.31% and some tempting new deals. New Remortgage Deals Exclusive to Brokers For those looking for a new two-year fixed-rate remortgage, rates now start from a competitive 4.59% for those with a…