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
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
Your home may be repossessed if you do not keep up repayments on your mortgage
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