Tag: Shared Ownership
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Leeds Building Society Lowers Rates
Good news for homeowners and first-time buyers alike, as Leeds Building Society has announced big cuts to some of its fixed-rate mortgages. This comes as a welcome relief following the Bank of England’s recent warning that over three million borrowers could be hit with higher monthly payments as they come to the end of their…
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Help to Buy? 88% Of First-Time Buyers Don’t Know It’s Available
Are you about to step onto the property ladder? Government schemes could help you buy your dream home, but shockingly, most first-time buyers don’t even know they exist! A recent report by Barratt Homes has revealed that a staggering 88% of first-time buyers don’t know about the Help to Buy scheme. This comes at a…
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House Prices Hitting Rural Areas Hardest
New research reveals a rural housing crisis, with sky-high prices and a lack of affordable options forcing people out of their communities. Finding somewhere decent to live in the countryside is a nightmare for many, with 69% of rural residents saying it’s a struggle to find a home in their local area, according to a…
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Mortgage Rates Hope as NatWest Announces Cuts
Good news for homebuyers and those looking to remortgage – NatWest is cutting interest rates on a range of mortgages by up to 23bps From tomorrow (July 2nd), borrowers could bag a cheaper deal, whether they’re buying a new home or sticking with their current property. Here’s the breakdown of the cuts: For those buying…
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New 95% Shared Ownership Mortgage to Help First-Time Buyers
Suffolk Building Society has launched a new mortgage specifically designed to help first-time buyers purchase a home through shared ownership. The new mortgage has a fixed interest rate of 5.25% for five years and allows buyers to borrow up to 95% of the property’s value. This means that buyers could secure their home with a…
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Virgin Money Revamps Mortgage Offers
Virgin Money has announced significant updates to its mortgage products, impacting a variety of customers, from first-time buyers to seasoned landlords. The changes include rate adjustments and the introduction of new deals designed to cater to different housing needs. Here’s everything you need to know about the latest updates from Virgin Money, set to take…
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Virgin Trims BTL Mortgage Rates
Virgin Money has announced significant reductions in its mortgage rates across both its buy-to-let and residential mortgage ranges. It has reduced its rates on various buy-to-let mortgage products, which is great news for landlords looking to purchase or refinance properties. The cuts vary by product type and fee structure: These reductions could mean lower monthly…
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New Mortgage Offers Zero Energy Bills for a Decade
Octopus Energy in collaboration with bond bank Perenna, has rolled out the ‘Zero Bills’ home mortgage. This unique financial product is tailored to make eco-friendly homes more accessible to buyers across the United Kingdom, potentially revolutionising the way we think about energy and homeownership. The ‘Zero Bills’ mortgage enables homeowners to inhabit properties that are…
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Property Purchase Financing – Your Options
Buying a home can be one of life’s most exciting, yet daunting, challenges. Whether you’re a first-time buyer or looking to invest in property, understanding the array of financing options available is key to making an informed decision that suits your financial situation. Let’s look at the different ways you can finance a property purchase…
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First-Time Homebuyers’ Guide – Everything You Need to Know
Embarking on the journey to buy your first home can be as thrilling as it is daunting. With a plethora of steps, checks, and considerations, the process can seem overwhelming. Fear not! We’ve broken down the essential steps every first-time buyer should be aware of, making your path to homeownership a little smoother. Before You…