The Bank of England’s recent Financial Stability Report paints a concerning picture for millions of UK homeowners. Despite interest rates starting to decline, the relief for many borrowers will be minimal, as over three million households are set to face a significant increase in mortgage payments over the next two years. This scenario is expected...Read More

This change marks a significant milestone for homeowners across England and Wales as the Leasehold and Freehold Reform Act has officially become law on 24th of May 2024. This landmark legislation, introduced by the Department for Levelling Up, Housing and Communities, aims to revolutionise the rights and protections afforded to leaseholders and freeholders alike. Here’s...Read More

Definition of Mortgages A mortgage is a type of loan specifically designed to help individuals purchase property, usually a home. In the UK, this financial product is a cornerstone of the housing market, enabling buyers to spread the cost of a property over an extended period, typically 25 to 30 years. The property itself serves...Read More

The UK mortgage market is currently experiencing a tumultuous period, reminiscent of clothes tumbling in a spin dryer. Global events, including the ongoing conflict in Ukraine and escalating tensions in the Middle East, have significantly unsettled the market. This week, four major lenders announced increases in their mortgage rates, marking a disappointing start and creating...Read More

In the realm of securing a mortgage, your credit score is a pivotal factor that lenders consider. It’s the numeric representation of your creditworthiness, and improving it can significantly enhance your prospects of buying your dream home. Through consultations with various mortgage and financial advisers, a set of universally beneficial strategies has emerged. Here’s a...Read More