You may be wondering what the current situation is with the mortgage market. Have providers stopped lending altogether? Are all new mortgage deals off? It’s true that some providers have withdrawn their higher loan to value (LTV) mortgage products. Nationwide, Santander and Skipton Building Society have recently announced that they’re only going to be offering …
It’s a tough environment for first time buyers. Rising house prices and stagnant wage growth have pushed up the average age of buying a first property to 33. What’s more, first time buyers need to borrow 18 times more than those in the 1970s. Given this context, it’s unsurprising that more and more parents and …
After 30th November 2019, potential first-time buyers will no longer be able to apply for a new Help to Buy ISA. Savers who already have an account will be able to keep saving into it until 30th November 2029, regardless of when the ISA was opened, but accounts will close to additional contributions after that …
Back in 2017, the UK government published their Clean Growth Strategy, a report that included plans to work with lenders in order to create “green mortgage products,” that are able to “take account of the lower lending risk associated with more efficient properties and the reduced outgoings for customers living in more efficient homes.” More …
