Tag: Skipton Building Society
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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…
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West Midlands – Officially the Worst Place in the UK to Buy Your First Home
The West Midlands has been named the most expensive region in the UK for first-time buyers, with experts warning of a “bleak” outlook. New research reveals that a staggering 95% of people in the West Midlands can’t afford to buy their first property. This is significantly worse than the national average, where 88% of first-time…
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£1,500 Cashback on Offer in Skipton’s New First-Time Buyer Mortgage Deal
Saving up for your first home just got easier thanks to a new range of mortgages and savings products launched by Skipton Building Society. Keen to help first-time buyers struggling to get on the property ladder, Skipton is offering a tempting £1,500 cashback on its new mortgage range. And that’s not all! The building society…
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More Mortgage Rate Cuts – Virgin Money and Skipton Slash Costs for Borrowers
Virgin Money and Skipton Building Society are cutting mortgage rates, making it cheaper to borrow. Virgin Money, the banking giant, is slashing rates on selected residential and buy-to-let mortgages by up to a hefty 22 basis points. This means lower monthly repayments for borrowers. Here’s a breakdown of Virgin Money’s reductions: From 8pm tonight (8th…
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Move Back in with Mum and Dad to Afford a House Deposit?
Soaring rents and the ever-increasing cost of living are pushing potential first-time buyers to desperate measures, with a staggering 40% considering moving back in with their parents to save for a house deposit. This eye-opening statistic comes from a new study by Skipton Building Society, who surveyed 2,000 renters hoping to buy a home. The…
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Mortgages Getting More Expensive – TSB & Skipton Hike Rates
It’s bad news for anyone thinking about getting a mortgage, with two major lenders, TSB and Skipton, raising their rates. This means you’ll be paying more to borrow money to buy a home. TSB has announced it’s increasing the rates on some of its most popular mortgages, making it more expensive for first-time buyers and…
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UK Mortgage Rates Take a New Turn
Recent changes in the mortgage market have seen UK lenders adjust their rates to cope with fluctuating financial conditions. Nationwide building society and Santander, two leading mortgage providers, have rolled out new fixed-rate mortgage offers despite recent rate hikes. These changes could impact your choices whether you’re buying a new home or remortgaging your current…
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London Lettings – A Modest Increase as Spring Approaches
Foxtons, a leading name in London real estate, has reported a slight improvement in the capital’s lettings market as demand gradually picks up. February to March 2024 has witnessed a 9% rise in demand in the London lettings market, a positive signal amid the hustle and bustle of the city’s housing scene. This upturn comes…
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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…
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Dream Deal for First-Time Homebuyers – Just £5,000 Deposit
The Yorkshire Building Society has rolled out a new mortgage offer that seems like a dream come true for first-time buyers. Imagine securing a home with just a £5,000 deposit and the possibility to borrow up to a whopping 99% of your property’s value! This deal, aimed at properties valued up to £500,000, comes without…