The popularity of lifetime mortgage is growing across every UK region, according to the Equity Release Council’s Autumn 2022 Market Report, as homeowners aged 55+ draw on the wealth they have accumulated through paying down their mortgages and long-term house price growth. Over the last four years, Wales (50%), the North-West (38%) and West Midlands …
Lifetime mortgage popularity grows in every UK region Read More »
What is Deposit Unlock? The Deposit Unlock Scheme is a brand-new scheme devised in collaboration with lenders and the home building industry. It enables first time buyers and existing homeowners to purchase a new-build home with a 5% deposit. It provides customers with competitively priced mortgage products and makes buying a new home more affordable. …
Chancellor Kwasi Kwarteng announced this morning a cut in stamp duty land tax (SDLT), a move which is expected to push up the demand for property once again. Kwarteng revealed a package of major cuts to SDLT, with the changes expected to increase additional residential investment, boost spending on household goods, and support hundreds of …
The Bank of England has unveiled a 50 basis point (bps) rise in the base rate, bringing it up to 2.25 per cent. The Bank of England’s Monetary Policy Committee (MPC) has announced a 50 bps increase in the base rate as it attempts to deal with spiralling inflation and a tumbling pound. The figure …
