Tag: Quilter
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Homebuyers Ditch Fixed-Rate Mortgages for Flexible Trackers in Uncertain Market
Tracker mortgages have seen a huge surge in popularity, with a 67% increase in borrowers snapping them up since 2021. New data from wealth manager Quilter reveals this significant shift in the mortgage landscape. So, what’s behind this trend? Let’s break it down: Flexibility is Key: Tracker mortgages see your interest rate rise and fall…
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Property Shares – Labour’s Housing Boom Could Be Your Goldmine
The Labour Party’s ambitious plans to build 1.5 million new homes over the next five years have sent shockwaves through the UK property market. While some investors are hesitant, others see this as a golden opportunity to cash in on the potential housing boom. A Housing Revolution Let’s be honest, building 1.5 million new homes…
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Call for Stamp Duty Reform to Boost UK Housing Market
The UK Government is facing growing calls for a major overhaul of stamp duty to boost the housing market and assist more first-time buyers in purchasing their own homes. The Coventry Building Society is the latest influential voice advocating for the reduction or elimination of this tax on property purchases, highlighting the potential benefits for…
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Persimmon Set to Construct Over 10,000 Homes Amid Market Recovery
Persimmon, a leading housebuilder, has announced its plans to construct between 10,000 and 10,500 homes this year. This news serves as a positive indicator of recovery, especially considering the challenging economic backdrop marked by high interest rates. Persimmon revealed that it had a strong start to the year, with forward sales totaling £1.75 billion in…
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New Mortgage Rules to Boost Home Ownership Chances for Families
Several leading UK banks have updated their mortgage policies to make it easier for individuals receiving Child Benefit to qualify for larger home loans. Santander, a major player in the UK banking sector, has recently announced a pivotal adjustment to their mortgage rules. Starting from April 9, they will consider Child Benefit as a part…
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Stealth Tax – Homeowners Pay More for Lodger Income
Homeowners in the UK who have opted to take on lodgers are finding themselves caught in a tax bind. The cost of living, including mortgage rates and rents, has sharply risen, yet the government’s tax relief for such homeowners has remained largely unchanged. This disparity is leading to increased financial pressures for those who rent…
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Mortgage Guarantee Scheme – A Closer Look
The UK government’s Mortgage Guarantee Scheme, launched in April 2021, has played a modest yet notable role in the housing market, particularly for first-time buyers. Despite its intention to aid those struggling to enter the property ladder, its impact raises important considerations for potential homeowners and investors alike. Understanding the Scheme’s Reach Since its introduction,…
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Property Experts Comment on Autumn Statement
Chancellor Jeremy Hunt presented over 100 measures in his full Autumn Statement, but only a few specifically targeted the housing sector. PropertyIndustryEye canvassed the opinions of several property experts. Enhancements to Local Housing Allowance The Local Housing Allowance rate, which assists private renters on low incomes in paying their rent, is set to increase to…
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Challenging Time for UK Property Funds
Several property funds in the UK have faced challenges due to a range of external pressures. Here are some key events: Not the First Time Such events are not entirely new. Property funds in the UK have periodically faced similar challenges since 2016. Factors like increasing interest rates have recently caused a shift away from…
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How to Sell Your House Fast
The UK property market has faced a series of challenges recently, influenced by factors like last year’s mini-Budget, unpredictable inflation, and the Bank of England’s interest rate hikes. These changes have led to increased mortgage rates and a cooling of property prices, following an extended period of significant growth. Karen Noye, a mortgage expert at…