Bridging Finance: A Comprehensive Guide Bridging loans have emerged as a crucial tool for individuals and businesses alike. Whether you’re a property investor seeking quick funding for a new purchase or a homeowner looking to bridge the gap between property transactions, understanding the ins and outs of bridging finance is essential. In this comprehensive guide,…
A Guide to Equity Release Mortgages Your Home, Your Future Homeownership is a cornerstone of financial stability, providing not just shelter but also a potential source of wealth. For many homeowners, the idea of tapping into this wealth without selling their beloved property is both enticing and practical. Enter equity release mortgages – a financial…
Remortgage A remortgage is when you apply for a new mortgage with a different lender but stay in your current home. It is best to start looking at your options early, generally six months before your current mortgage deal expires and well before your mortgage reverts to a follow-on rate, or your mortgage provider’s standard…
Equity Release is a way of unlocking cash from your home which can be used for any number of reasons. Provided you are a homeowner and over the age of 55 you can access the equity that is stored in your home. This can be taken as a tax free lump sum, several smaller payments…
As with all forms of credit, a mortgage lender will compare your application against certain criteria and make a decision whether to accept your application and what level of borrowing is available to you. There are a number of factors a lender will take into account when assessing your application, such as a affordability assessment,…
There was a sharp increase in sales agreed during March, following the chancellor’s extension to the stamp duty holiday, according to the latest index from the Royal Institution of Chartered Surveyors (RICS). Demand for homes is now outstripping supply of properties listed for sale. Although new home listings have improved month on month, the pace…
February saw the second highest level of housing transactions in a month since February 2007 as buyers rushed to beat the original stamp duty deadline. Figures released by HM Revenue and Customs, showed 147,050 residential mortgage transactions were completed in February. The only month with a higher figure since February 2007 was in March…
The Royal Institute of Chartered Surveyors (RICS) has issued guidance on which residential buildings need an EWS1 form to clarify they do not have unsafe cladding. Following consultation by lenders, surveyors and fire safety experts new recommendations are set to be implemented by the 5th of April. The new advice will now require buildings of…
The Bank of England’s chief economist Andy Haldane recently commented that the British economy is like a ‘coiled spring’, ready to bounce back strongly when the pandemic is over. Bank of England data due to be released next week will show that the pandemic has strengthened household balance sheets, consumer debt has fallen and average…
Research by Barclays has shown some 30% of homeowners may have missed out on possible savings because they did not negotiate the purchase price of their current property. The survey of 2,000 homeowners in the UK revealed 22 percent did not know how to negotiate house prices, while others said feelings of embarrassment and…