New figures released by money app Plum today explained how it would take 11 years and four months for someone with a salary of £30,000 to save £68,154.
Read MoreExactly how long it will take you to save for house deposit based on your salary
Tag: mortgage
Barclays cuts mortgage rates as other lenders raise theirs amid higher inflation
Best UK mortgage deals of the week, 21 August.
Read MoreMortgage delays causing ‘extra stress’ for buyers
The process of applying for mortgages takes much longer than it did 20 years ago, an estate agent says.
Read MoreLeasehold scandal means flats out of favour with Buy To Let investors
New research from LRG, the agency group previously known as Leaders Romans, reveals that leasehold structures are creating a growing barrier to progress in the rental sector, limiting upgrades, pushing landlords away from flats, and lowering tenant confidence in how buildings are managed.
Read MoreBuy-to-let mortgage interest tax relief explained
Landlords receive a tax credit equal to 20% of their mortgage interest payments.
Read MoreWhere can first-time buyers get on the property ladder quickest?
A new study of ONS data has revealed the gulf of how long first-time buyers must save for a deposit for a property in different areas across the country.
Read More80% of homeowners could be missing out on green mortgage benefits
UK homeowners could be losing out on mortgage savings as 80% of UK homeowners admit they are not familiar with green mortgages and the benefits they offer; a new survey finds.
Read MoreChanges to mortgage regulation improve the outlook for the housing market
The regulation of mortgage lending is key in determining the level to which buyers are able to stretch themselves to get on the housing ladder.
Read MoreAverage mortgage rates below 5% for first time since Truss budget
The average two-year mortgage rate has dipped below 5% for the first time since former Prime Minister Liz Truss’s mini-budget in September 2022, figures show.
Read MoreLandlord money moving ‘out of homes and into offices’
Some residential landlords quitting the PRS appear to have moved their investments into the commercial sector, particularly offices.
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