The average first-time buyer is now paying almost £209,000 for their first step on the property ladder, according to Halifax. With many first-time homeowners taking out substantial mortgages, reducing the interest paid is an important step. It’s a move … Read the rest
In the past leasehold properties were mostly limited to flats. But more new builds are being sold under leasehold. It’s led to homeowners being frustrated at the situation they’re left in. 93% state they would not buy another leasehold property, … Read the rest
Buying a home can be stressful. There are so many different aspects to juggle that what should be a time to celebrate could end up making you ill. If that’s a situation that you recognise, you’re not alone and there … Read the rest
The interest base rate set by the Bank of England (BoE) has increased for the second time in a decade. It’s a move that’s been welcomed by savers; but what does it mean for mortgage holders?
The base rate is … Read the rest
It seems like London property prices are constantly in the press. Even the smallest flats are seemingly out of reach for first-time buyers. But prices have fallen slightly, so is now the right time to make the move and purchase … Read the rest
Congratulations on overcoming one of the biggest hurdles in adult life; saving a deposit and finally being handed the keys to a home which is totally yours!
From everyone here at London Money, we wish you the best and hope … Read the rest
It doesn’t matter where you live or who you are, getting a foot on the property ladder is difficult.
Rising house prices, increasing deposits and a lack of significant growth in the average salary means that, for some people, buying … Read the rest
If you have recently moved into a new home or are weighing up a new rental property against taking the leap and buying your next home, you may find that monthly costs are the factor to help you make the … Read the rest
The Bank of England (BoE) has increased interest rates above 0.5% for the first time since 2009.
Today, the Monetary Policy Committee (MPC) voted unanimously to push up the base rate by 0.25% to 0.75%.
That’s not a massive increase; … Read the rest
Research shows that single first-time buyers take a lot longer to save their deposit than couples. (Source: Hampton International) That might sound obvious, after all, two incomes means double the savings.
Across the country, the average couple looking to … Read the rest
Your home may be repossessed if you do not keep up repayments on your mortgage
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