Last year, a survey of 1,000 sales in the UK revealed that nearly half of the properties involved were down valued. But what does this mean exactly and what can you do if it happens to you? Read on to get up-to-date with down-valuations. A down-valuation is when a...
Read moreFollowing the recent vote in parliament to reject the latest amendment to the Fire Safety Bill, Mary-Anne Bowring of Ringley has outlined what this means for leaseholders. The amendment to the bill aimed to protect leaseholders from costs to make their homes safe in...
Read moreThe government’s new 95% mortgage guarantee scheme launches today, with a number of lenders including HSBC, Barclays, Santander, NatWest, and Lloyds now further supporting borrowers with smaller deposits. Under the scheme, buyers will be allowed to acquire...
Read moreFind out whether a Help to Buy equity loan could help you buy a new-build home and, if you’re eligible, discover how to apply. Applications are now open for the new version of the Help to Buy equity loan scheme, which launched on 1 April 2021. A Help to Buy...
Read moreThe latest industry research has revealed that over 70% of people are worried they won’t be able to get a mortgage due to their credit history. Although roughly one in five people have been turned down for a mortgage for this reason, that is a far cry from nearly...
Read moreBigger deposits, more paperwork and black marks if you took a bounce back loan during lockdown NatWest, Nationwide and Metro Bank are among the lenders showing preferential treatment to salaried employees NatWest has a separate affordability calculation for...
Read moreThe 10% deposit deal is aimed at first-time buyers and existing homeowners The 90% mortgage market has seen nine in ten deals on offer axed in lockdown Buyers can borrow on pre-owned flats and houses but not new build properties First-time buyers squeezed by the...
Read moreOne way to pay off your mortgage in retirement is to capitalise on the equity of your home, rather than just watch it build up on paper. Many people are now expecting to retire in debt, as we are buying homes later in life and building up years of credit card or...
Read moreGetting on the property ladder is no mean feat – there’s the deposit to save, the mortgage to get, the house or flat to find and that’s before you know whether your offer will be accepted or you’ll be approved by your lender. Buying your first home is exciting but...
Read moreBanks risk a mortgage credit crunch as 90% of small deposit home loans are axed in lockdown – a steeper fall than during the financial crisis Lenders pull high LTV loans faster than they did in the 2008 financial crash More than 90% of the 10% deposit mortgages...
Read moreHomeowners who turned to banks for help in their hour of need could face much higher interest rates in future or even be denied loans altogether. Banks have been accused of moving the goalposts after it emerged that they could reject applications from people who asked...
Read moreBritons are saving £140 a week on average by staying at home. Here’s how to turn those savings into a house deposit in five years. Although it may seem hard not being able to go to the pub or practise your usual hobbies, there may be some financial benefits to...
Read moreWe are proud to be members of the Equity Release Council, the NACFB, Air Later Life Academy and the National Skills Academy
