Tag: Shared Ownership
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Dream of Owning a Home Fades for UK Renters as Costs Soar
Spiralling house prices and the increasing cost of living are crushing the dreams of homeownership for many, with a shocking six in 10 renters believing they’ll never escape the rental trap, according to a disheartening new study. The research, conducted by Go Compare Home Insurance, lays bare the stark reality facing a generation priced out…
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Virgin Money’s Mortgage Rate Reductions
Virgin Money is making changes to its mortgage rates, with some borrowers set to benefit from cuts while others face higher costs. From today (19th September), the lender is cutting rates on some of its residential and buy-to-let mortgages. The biggest winners will be first-time buyers and those with smaller deposits, who could see their…
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Newbury Offers Mortgage Rate Cuts of up to 0.3%
Newbury Building Society has announced a round of mortgage rate reductions, potentially saving borrowers thousands of pounds in interest. The reduced rates apply to a range of mortgages for different types of borrowers, including: Standard residential mortgages: These rates apply to mortgages where the loan is 75% or less of the property value. Shared ownership…
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Skipton Cuts Rates and Launches New Mortgages
Skipton Building Society has announced a range of new mortgages and a rate cut on a popular product for renters. From today, 12 new mortgages with an 80% loan-to-value (LTV) are available. This means buyers need a 20% deposit, opening up options for those who have previously struggled to get on the property ladder. These…
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Skipton Building Society Opens Doors for First-Time Buyers with New Mortgage Offering
Skipton Building Society has revamped its Track Record mortgage, making it easier than ever for renters to finally get a foot on the property ladder. The move has been hailed as a game-changer by brokers, who say it could help thousands of people escape the rental trap. So, what’s changed? Here’s a breakdown: More People…
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Principality and TML Slash Rates – Here’s What You Need to Know
There’s good news for home buyers and those looking to remortgage, with two lenders announcing cuts to their mortgage rates. Principality Building Society is cutting rates on some of its mortgages by up to a hefty 0.48 percentage points. That’s a significant saving, particularly for those with large mortgages. The Mortgage Lender (TML) has also…
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Lloyds Offers Mortgages 5.5x Your Salary to First-Time Buyers
Dreaming of finally getting on the property ladder? Well, Lloyds Bank might just have the answer, with £2 BILLION set aside to help first-time buyers! In a major boost for aspiring homeowners, Lloyds Banking Group (which includes Halifax and Lloyds Bank) has announced a new scheme called “First-Time Buyer Boost”. This initiative allows eligible first-time…
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Virgin Money Reduces Mortgage Rates – Saving Homebuyers Hundreds!
Virgin Money is cutting mortgage rates by up to 0.28% from today (29th August), offering some much-needed relief for homebuyers and landlords. This means cheaper monthly payments for those looking to buy a new home or remortgage their existing property. Here’s a breakdown of the best deals on offer: For those buying a home with…
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Together Launches New Discounted Rate Tracker Deal
Good news for nervous homebuyers and remortgagers: Lender Together has launched a new tracker mortgage designed to help people navigate the current climate of high interest rates. The new two-year discounted rate tracker mortgage is available for first and second charge mortgages, covering a range of scenarios: With economists predicting that interest rates may start…
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What Will Your House be Worth in 100 Years Time?
Get ready for a wild ride in the housing market! Experts at City Index have teamed up with ChatGPT to predict house prices in 2124, and the results are mind-blowing. Hold on to your hats because AI reckons the average UK house price will skyrocket to £3.2 MILLION in the next hundred years! That’s not…