House prices rose by around 3% in 2024, and experts forecast similar rises in 2025
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Category: Mortgage
Little-known schemes that can help first-time buyers get on property ladder
There are a range of helpful mortgage schemes available for first-time homeowners that many people aren’t aware of
Read MoreBase rate held at 4.25% – here’s what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Read MoreCheaper mortgages and relaxed lending rules push up price of a first home
Mortgage lending to first-time buyers also reaches highest level on record.
Read MoreOlder first-time buyers and longer mortgage terms rising in popularity are risking debt into retirement
According to research from Sprive, of the 827,000 first-time buyers who bought with a mortgage in 2023-24, 11.5% were aged 45 or over. This is almost triple the 3.6% figure recorded in 2019-20.
Read MoreMortgage guarantee scheme to be made permanent from July
The mortgage guarantee scheme which helps buyers with a small deposit purchase a property is being extended permanently, the government revealed yesterday.
Read MoreMy income is topped up with universal credit. Can I still get a mortgage?
Question: I am trying to apply for a mortgage, and though I work, part of my income is topped up with universal credit (UC). How will this affect my income as assessed by a mortgage lender and will it affect eligibility?
Read MoreInterest rates set to be held at 4.25 per cent – what it means for mortgages
The Bank of England will hold interest rates at 4.25 per cent on Thursday, economists predict, which could mean higher mortgage rates for longer.
Read More6 ways first-time buyers can boost their credit score
A top tip for first-time buyers wondering how to get the best mortgage rate possible to work on boosting your credit rating.
Read MoreNew mortgage rules will help 80,000 renters onto property ladder for first time
Rule changes mean buyers could borrow up to £40,000 more than before, easing affordability pressures, it has been revealed.
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