Category: Purchase
Common mistakes when buying a home
Buying a home can be stressful enough without making a mistake. But knowing how to avoid the most common pitfalls can reduce the hassle. Many things can hold up a house purchase and cause problems after you have moved in. Here are some of the main mistakes which buyers make – make sure you bear...
First time buyers take advantage of drop in demand
While there was a 20% drop in the number of house hunters at the end of last year, first-time buyers capitalised on the quiet market and used it to their advantage. Housing demand fell by 20% at the end of 2017. That’s despite the number of available properties remaining stagnant. As well as a drop...
Are house prices finally starting to fall?
Average house prices in England and Wales fell by 0.4% during 2017, but this doesn’t mean the market is in decline. According to the latest report[1], average house prices fell over the last 12 months, in the first annual decrease seen since March 2012. However, the fall has been driven by weakening house prices in...
What’s stopping home movers from climbing the property ladder?
While a quarter of UK homeowners want to move up the property ladder during the next five years, the cost of moving is holding them back. That’s according to new research by Lloyds Bank. The figures also show that the number of people moving home has fallen for the first time in five years. Barriers...
Is property still a good investment?
As demand continues to outstrip supply, and increasing rental prices make home ownership increasingly attractive, property remains a good way to make the most of your money. Buying a home is likely to be the best investment most people will ever make, with a recent survey[1] showing that the majority of homebuyers continue to be...
How are building societies making borrowing easier for older people?
There are many reasons someone might be thinking of buying a property or re-mortgaging in their later years, whether it’s to get a better deal on their current home – especially if a fixed rate has ended – or they’ve simply decided to downsize; but up until now, obtaining a mortgage over the age of...
A Sixth of First-Time Buyers Turn to Bank of Mum and Dad
Over recent years, it’s become clear that children have become much more reliant on their parents. Whether it’s tagging along on the annual trip abroad or staying at home long after university, a mix of financial and personal factors have meant parents are now ‘parenting’ longer than they might have expected. However, even if parents...
Buying a house with a partner
You may have decided that the only way to get on the property ladder is to buy with your partner. Together you can afford a bigger deposit and mortgage. It certainly makes financial sense. But there are important points to consider. How are you legally going to own the property? Will you both be contributing...
Four things to consider when buying your first home
Buying your first home is one of the biggest financial decisions you will ever make. So, it’s extremely important you put enough time into considering your new purchase and educating yourself as to the process. By following just a few simple points, you will find the process far smoother and a lot less stressful. Keep...
