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

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