Understanding the latest news and trends in the property market can help you make informed decisions about buying or remortgaging a property. Our blogs in this category provide insights on everything from interest rate fluctuations to regional property trends.
5 Year fixed rates falling 5 year fixed rates falling as lenders announce new rates this week. Sub 5% rates released Several high street lenders have released fixed rates below 5% as inflation news filters into cheaper mortgages. Following on from better than expected inflation figures and The Bank of England having voted to leave […]
5 year fixed rates falling under 5%. Read More »
Applying for a mortgage as a self-employed individual in the UK can be a bit more complex than the process for salaried employees. Lenders typically require more documentation to assess your income stability and affordability. In this article, we’ll guide you through the essential documents you need when applying for a mortgage as a self-employed
Self-Employed Documents required for a Mortgage Application – 2022 / 2023 NOW Read More »
Bank of England Holds Interest Rates at 5.25% Following on from better than expected inflation figures The Bank of England have voted 5 -4 to leave rates unchanged at 5.25% bringing to an end 14 consecutive rises. This can only be viewed as good news and hopefully will be the beginning of lower rates for mortgage
Interest Rates announcement. BOE holds at 5.25%…. Finally some good news Read More »
Dreaming of celebrating this Christmas in your new home? It’s not too late to make it happen! Buying a home can be a lengthy process, but with a strategic plan and a sense of urgency, you can secure your new home and be settled in by the festive season. In this blog post, we’ll guide
Act Now for a Home by Christmas: Your Guide to a Timely Move Read More »
House prices fall by 5%. Good news for First Timers and Home Movers. According to the Nationwide Building Society, houses on average have fallen by 5.3% in the 12 months to August 2023. If you’re looking to buy your first home or move up the ladder this should be seen as positive news. It may
Bank of England Base Rate Rises by 0.25% The Bank of England have increased the Base Rate to 5.25%, this is the 14th consecutive rise. At first glance this is not good news, certainly if you have a base rate tracker mortgage, but this is half what experts were predicting until we saw a drop
Bank of England Base Rate Rises(Again!) Read More »
Prospect Tree Mortgages have advised many clients how they can buy their rental property from their landlord. With times changing and landlords reassessing their options, now could be the perfect time to see if you are able to buy direct from your landlord. Can private rental tenants ask to buy the house from their landlord?
Buy your Home from your Landlord. Read More »
The June figures show a fall from 8.7% to 7.9% which was more than expected, experts were forecasting a figure of 8.2%. This is good news for borrowers as it takes the pressure off the Bank of England to increase the base rate as much as they may have done. What does this mean for
Inflation at lowest level in 16 Months! Read More »
Bear in mind that what you must pay back is a percentage of the property’s current value, not what you paid for it. If house prices are likely to go up over that five-year period, it’s best to pay off the loan quickly. The Government’s Help to Buy Equity Loan scheme is designed to help those
Should I repay my Help to Buy equity loan? Read More »
The business of being a landlord is changing fast. HMRC have made it difficult for Landlords to make a “profit” from rental for Landlords who have a mortgage. With rising interest rates, the gap between payments and rental has closed and in some cases, after tax, the rent may not cover the mortgage. Landlords are
The increasing Struggles of being a Landlord. Read More »
