If you are looking to arrange a mortgage, you might think it is an impossible task. This is wrong. A huge number of people arrange a mortgage, even people who aren’t in great financial shape. You will also find many current homeowners have previously been denied a mortgage. A recent study by a financial services…
If you are looking to buy a home and arrange a mortgage, it is vital you undertake research. You should follow tips and guidance from the experts, but you should also familiarise yourself with problems and mistakes. Many people in the UK are familiar with MoneySuperMarket, and they follow the teachings and instructions placed on…
While the stamp duty holiday has encouraged many people to consider their options in the housing market, by itself, the holiday will not help all buyers step on the property ladder. There is a feeling that the stamp duty holiday isn’t aimed at first-time buyers. There is a range of measures in place to assist…
While there was an initial burst of activity when the housing market re-opened in May, many people doubted whether this level of demand for homes would last. There is no denying the impact of the COVID-19 pandemic, and it is likely some households who planned to move have now decided to wait. This is a…
With stamp duty measures encouraging people to buy property, it is likely a lot of households will consider applying for a mortgage. When you consider the challenges many people, households and businesses have faced in 2020 because of the COVID-19 pandemic, it is positive to see so many people feeling optimistic as to what will…
According to information provided by the BBC, one-sixth of homeowners arranged a mortgage payment holiday. This is the equivalent of two million people, and it is important to note there are now some concerns about the longer-term impact of the mortgage payment holiday. Lisa Orme is the managing director of Keys Mortgages and she has…
As would be expected by many people, the number of new home loans approved in Great Britain has decreased by 90% since the outbreak of the COVID-19 pandemic. The Bank of England states this is the lowest level since the early 1990s. Even though estate agents have been operating in the property market since mid-May,…
Before you commit to a mortgage holiday, make sure you are comfortable with the costs of doing so.
While the pace with which the housing market re-opened in mid-May took a lot of people by surprise, the demand and activity which followed was predicted by many industry experts. It is believed around 370,000 property deals were placed on hold when the market was paused, so it was inevitable many of these people would…
With the property market re-opening, there is optimism surrounding house moves, and the market in general. There will be many people who decide it is best to wait before they move home, but for many people, this is the right time. A lot of circumstances will have changed during the lockdown, which makes moving a…