UK renters risk being thrown out on their ear by landlords should they get sick, as only 29% say they could pay next month’s rent if they were unable to work due to illness.
Read MoreRent unlikely to be paid if tenants fall ill for a month or more
Tag: finance
COURTS (rent to rent): Landlord wins ‘important’ appeal in rent to rent case
Landlord Amlendu Kumar has successfully appealed against a Rent Repayment Order for his Tooting property after a ‘rent to rent’ company he contracted with turned into an illegal HMO without his knowledge.
Read MoreWhy buying a new car on finance might knock your mortgage chances
Homebuyers are being warned that buying a new car this month could knock £36,000 off any mortgage offer they can get from a high street bank or building society.
Read More5 ways to pay your mortgage off faster
Why pay tens of thousands in interest payments when that money could be spent on almost anything more exciting?
If you’re able to reduce the length of your mortgage term or make overpayments, the financial rewards could be huge.
Senior Mortgage Adviser for Natwest, Michael Gyapong, takes us through the top five ways to pay your mortgage off faster.
Read MoreSharp rise in rental homes being sold as landlords flee buy-to-let sector
Landlords continue to flee the private rented sector with many actively looking to cut the size of their buy-to-let portfolios, leaving thousands of renters looking for somewhere new to live.
Analysis by TwentyEA had already revealed a substantial increase in landlords exiting the market or downsizing their portfolios.
Figures released last month showed that that the number of properties ‘for sale’ that were listed ‘to let’ in the past three years had risen dramatically.
Read MoreSurvey reveals 71% of Brits believe that mortgages should be taught in schools
Soaring rates have made mortgages a hot topic in the UK. Despite this, the phrase ‘what is a mortgage?’ receives an average of 4,400 Google searches per month, indicating that many people are still confused about the subject. So, how many people actually understand certain mortgage-related terms, and how many are left scratching their heads?
Read MoreWill home improvements reduce my mortgage rate?
I’ve nearly finished a two-year fixed rate and starting to look at remortgaging soon. I bought my property at the end of 2022, and it needed quite a lot of work. I’ve upgraded the kitchen, bathroom and redecorated throughout.
When I bought the property it was £325,000 and it’s now worth £375,000. Will this be taken into account when I remortgage?
Read MoreI’ve inherited a property – can I expand into buy-to-let?
What if you own a property but want to let it out so you can buy another place to live? David Jackson discusses the pros and cons of ‘let-to-buy’ in his latest Q&A
Read MoreBank of Mum and Dad to lend £30bn to first-time buyers over next three years – Savills
Some £30bn is expected to be gifted to first-time buyers in the next three years, according to estate agency group Savills.
Last year £9.4 billion was gifted to 164,000 first-time buyers, accounting for a huge 57% of all mortgaged first-time buyers.
Frances McDonald, director of residential research at Savills, said: “While many homebuyers enjoyed record-low interest rates during the early part of the decade, more stringent mortgage requirements, which have been in place since the start of the pandemic, have impacted higher-loan-to-value (LTV) lending, most commonly used by first-time buyers.
Read MoreUK house prices drop by more than £5,000 in August
The average price of a newly marketed UK home has dropped by more than £5,000 month-on-month in August, as the distractions of school summer holidays traditionally bring a dip in prices.
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