One 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 more
Getting 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 more
Banks 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 more
Homeowners 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 more
Britons 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 more
During the 2008 financial crisis, property fell in value by 20% in just 16 months. Repossessions soared, and it was only in May 2014 that the average house price recovered to pre-credit crunch levels. In some areas of Britain, they have still not recovered. The big...Read more
Billions of pounds have been promised to all kinds of workers, from self-employed plumbers to marketing professionals. However, one group has been left behind. Private landlords do not fall into any of the rescue packages launched by the Government. They do not have...Read more
Remortgage deals are available with rates lower than 1% The coronavirus outbreak may have caused chaos in the property market, but it has also given existing homeowners an opportunity to save thousands of pounds by remortgaging. While hundreds of house purchase...Read more
A five-year fixed rate mortgage with NO early repayment charges: Leeds BS offers a fix with flexibility
Leeds BS offers two new fixed rate deals with no early repayment charges Borrowers can overpay or pay off their loan without incurring penalties The two and five-year fixes come in at 1.71% and 1.97% respectively Leeds Building Society has ditched early repayment...Read more
They say cash is king, but when it comes to investing in property, is it better to take a mortgage or to buy a home outright? Those investing in property to fund their retirement or to generate additional income have seen their returns squeezed in recent times...Read more
I want to top up my retirement income and heard equity release might be an option – is it safe, and what’s the best way to do it?
Question: My husband and I are retiring next year and we don’t think that between us, our pensions will provide us with enough income to keep up with our lifestyle. We don’t need a big top-up but we’re considering equity release as we paid off our mortgage several...Read more
Annual property MOTs and a database of rogue landlords – expert reveals his five-point wish-list for buy-to-let, but what changes would you make?
Industry expert outlines his ideal five-point manifesto for the buy-to-let market ARLA Propertymark’s David Cox wants reforms such as a property MOT If tenants want a better deal, landlords must be encouraged not to quit, he says Some tenants could be feeling...Read more