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
The amount spent on home improvements, each year, by homeowners in their first year of owning property has reached almost £1 billion, according to research from LV=.
According to the research, the most popular activities among home improvers include:… Read the rest
Buying a house is cheaper than renting one.
Figures from Santander show that rent is, on average, £3,468 more than mortgage payments, per year.
It sounds like good news, and it is; for those who have already saved a deposit … Read the rest
According to research from Scottish Widows, more people have mobile phone insurance than Critical Illness Cover.
Replacing a phone can be time consuming and paying out for a new handset might be inconvenient, so having insurance makes sense. However, it … Read the rest
According to UK Finance, the number of outstanding interest-only mortgages has fallen by almost half (46%) since 2012.
That might not mean much to you unless you have one yourself.
Interest-only mortgage holders only pay the interest due on … Read the rest
Being a first-time buyer in London is expensive.
Anyone who hasn’t been living under a rock probably knows this. However, over the past five years, the price of buying your first home in the capital has increased by two thirds, … Read the rest
Would you like to retire at 56, with a fund of £300,000?
For millennials, this is an average expectation, according to research from Barclays. Those same 18-34-year-olds also plan to spend their retired years travelling the world, eating out … Read the rest
At London Money, we’re big supporters of the first-time buyer and we love when new initiatives look like they will help future homeowners on their journey. That’s why we’ve been so excited about the introduction of Lifetime ISAs (Individual Savings … Read the rest