Bank of England: Bank rate moves up to 0.5%
Bank of England increased the base rate to 0.5%
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First Homes Scheme: What is it and can I benefit?
What is the scheme? The Government’s First Homes scheme in England allows first time buyers (FTB) to purchase a New Build property at a discounted purchase price under a Resale Price Covenant (RPC). The discount (which will be a minimum 30%) must be passed on if the property is sold in the future. How do
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Daniel Bell-Drummond renews sponsorship with Prospect Tree Mortgages.
Prospect Tree Mortgages re-sign Daniel Bell-Drummond as ambassador for yet another season Daniel Bell-Drummond has renewed his ambassadorship with Prospect Tree mortgages for another year. “I’m delighted to have Prospect Tree as my sponsor again for the upcoming season!” said the Kent Cricketer. Nick Daynes, Marketing director commented “we are over the moon to have
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Mortgage Calculators: Will they give me an accurate loan amount?
Mortgage lenders such as NatWest, Nationwide & Halifax (to name a few), have useful mortgage calculators on their websites which are free for you to use. As an example, NatWest have a simple 8 step e-form which you can fill out to get an estimated mortgage loan amount. The first 3 steps are to check
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Record numbers of First Time Buyers joined market in 2021
According to one of the leading UK’s leading lenders, 2021 saw new buyers boost the housing market by a record rate. The rate in which house prices are growing is far surpassing the growth of incomes. The average price to earnings ratio for First-time Buyers in the UK is currently standing at 6.9 times average
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The Hundred: Can I use this income for my mortgage application?
Cricket Professional – Can I use my Hundred income for my mortgage application? What is ‘The Hundred’ The Hundred is a professional franchise 100-ball cricket tournament involving eight men’s and eight women’s teams located in major cities across England and Wales. The tournament is run by the England and Wales Cricket Board and had its
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Should I remortgage before my fixed rate ends?
Should I remortgage before my fixed rate ends? 02/12/2021 What the stats are saying… Bank of England figures show that 67,200 new homebuyer mortgages were approved during November 2021. A pale comparison to the record 104,547 recorded in the same period last year. On the other hand, the statistics for remortgages appear to be trending
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Mortgage stress tests, what does this mean?
What are mortgage stress tests? 15/12/2021 The Bank of England has been in the headlines again this week. This time they have released information about plans to scrap the ‘Stress Test’ rule, borrowers must be able to afford an interest rate rise of three percentage points. This plan to ease mortgage lending rules is aimed at helping
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Income Protection – Why it is a must for renters
Why income protection is a must for renters Updated – 17/11/2021 What is income protection? Income protection insurance ensures that if you are unable to work due to an accident or illness, you will still be able to keep up with any monthly outgoings. In an ideal world, with rents being so high, you should
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Young Athlete – Big dreams
Young Athlete, Big Dreams 12/10/2021 What happens when you achieve your dreams both financially and personally but don’t know how to manage them? Young sportspeople have clear goals in sight from a very young age. The training and support provided to that young person to get them to professional level is all consuming. There is often little
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