Tag: First-Time Buyers
-
Stamp Duty Headache Looms for First-Time Buyers
Property website Rightmove is urging the government to rethink plans to slash the stamp duty relief available to first-time buyers, warning that it will price thousands out of the market. Currently, first-time buyers don’t pay stamp duty on the first £425,000 of a property’s price. But this generous tax break is set to be scaled…
-
Skipton Lowers Mortgage Rates Again
Skipton Building Society is cutting interest rates on a range of mortgages by up to 0.2%, making homeownership a little more affordable. This comes hot on the heels of the lender launching a new range of mortgages specifically designed for first-time buyers on Monday. From tomorrow, you could bag a cheaper deal: Other rate reductions…
-
TSB Reduces Mortgage Rates, Starting Tomorrow
In a move that will be music to the ears of homebuyers, TSB is slashing its mortgage rates by up to 0.20% starting tomorrow (26 July). This means cheaper borrowing for those looking to get on the property ladder or remortgage their existing homes. Here’s a breakdown of the changes: Experts are saying… Nicholas Mendes,…
-
Mortgage Rate War Erupts – This Week’s Best Deals
Good news for homebuyers! Mortgage rates have finally dipped below 4% for the first time in months. Nationwide Building Society is now offering a five-year fixed-rate mortgage at just 3.99% for new customers with a 40% deposit. This move has sparked hopes of a “summer of savings” as experts predict other lenders will have to…
-
Lifetime ISA Warning from Martin Lewis for First-Time Buyers – Don’t Get Caught Out!
Money saving expert Martin Lewis has issued a warning to first-time buyers hoping to use a Lifetime ISA (LISA) to boost their deposit savings. Speaking on ITV’s This Morning, Mr Lewis explained that while LISAs offer a fantastic opportunity for first-time buyers to receive a 25% government bonus on their savings, there’s a catch. What…
-
Are you trapped by your mortgage? Martin Lewis demands action!
Money saving expert Martin Lewis is demanding the government takes urgent action to help struggling homeowners and wannabe buyers. He’s fired off a letter to the new Chancellor, Rachel Reeves, urging her to tackle two big problems: mortgage prisoners stuck on sky-high interest rates and unfair Lifetime ISA rules. Mortgage prisoners left high and dry…
-
Mortgage Rate War Sees Costs Tumble for Homeowners!
Good news for buyers and sellers – mortgage rates have plummeted, with some of the fastest drops in recent memory! Rightmove’s latest figures reveal some big wins for anyone looking to buy a home or remortgage, with experts predicting even further drops in the near future. What’s Happening to Mortgage Rates? This means potential savings…
-
Pepper Money Lowers Mortgage Rates by 0.2%
Pepper Money has announced cuts to their mortgage rates, making it easier for people to get on the property ladder or remortgage. The biggest savings are on 2 and 3-year fixed-rate mortgages, with rates reduced by up to 0.20%. Five-year fixed-rate mortgages have also been reduced, with cuts of up to 0.10%. This is great…
-
High Peak House Prices Soar – Are They Heading for a Boom?
House prices in the High Peak area are skyrocketing! Last month alone saw a 5.3% jump, pushing the average price to a considerable £266,222. This continues the upward trend we’ve been witnessing, with prices up a significant 6.8% compared to this time last year. High Peak Outperforms the Region While the East Midlands as a…
-
Manchester One of Best Areas for First-Time Buyers
New research reveals Greater Manchester is one of the easiest places to buy your first home. It’s tough out there for first-time buyers. House prices are through the roof and rent is going up faster than a rocket! But don’t despair – there are still some bright spots for those dreaming of owning their own…