MORTGAGE RATES: PRICE GAP BETWEEN FIXED-RATE AND SVR MORTGAGES REACHES RECORD HIGH - WHICH? Find out how standard variable rates compare among some of the biggest UK mortgage providers. The average rate for a standard variable rate (SVR) mortgage has surpassed 7% for the first time since 2008 - [...]
STAMP DUTY FOR FIRST-TIME BUYERS - WHAT ARE THE RULES AROUND EXEMPTION? IDEAL HOME Make sure you know the different rules around stamp duty for first-time buyers, which should mean a lower stamp duty bill. When it comes to stamp duty for first-time buyer, you could benefit from a [...]
UK HOUSE PRICES DEFY GLOOM WITH AN AVERAGE £3,000 RISE - THE GUARDIAN Latest Rightmove survey concludes market on ‘much more stable footing’ than many had thought. Average house prices have risen by nearly £3,000 this month as the property market continues to resist predictions that the UK’s lacklustre [...]
5 HOUSE MOVING MISTAKES TO AVOID IF YOU WANT TO SAVE MONEY - IDEAL HOME Moving home is expensive enough - avoid these mistakes if you want to keep costs low. Moving home is a stressful and costly business, and there is usually lots of tasks to tick off [...]
I COULD "STAIRCASE" THE 30% SHARE OF MY FLAT TO 100% BUT HOW WOULD IT AFFECT STAMP DUTY? - THE GUARDIAN Paying SDLT for the entire property was not within budget back then and I am unsure if I count as a first-time buyer. Q I bought a 30% [...]
WILL INTEREST RATES RISE, AND WHAT COULD THIS MEAN FOR MORTGAGES? - RIGHTMOVE If you’re thinking of buying a home, or are coming to the end of your current mortgage deal, you might be wondering what’s going to happen to mortgage rates over the coming months. The Bank of [...]
UK HOMEOWNERS STILL BETTER OFF THAN RENTERS DESPITE SPIKE IN INTEREST RATES - THE GUARDIAN Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowing. Homeowners in the UK are almost £500 better off a year than renters, according to [...]
SIX COMMON HOME-SELLING MISTAKES TO AVOID - YOUR MONEY To get the maximum sale price, the optimum time for a house to be on the market is fourteen days – and the price you’ll receive steadily decreases over time. Here are six home-selling mistakes to avoid. Homes sold after [...]
SHOULD I OVERPAY MY MORTGAGE? FINANCE EXPERTS EXPLAIN WHAT TO CONSIDER - IDEAL HOME Wondering if you should overpay your mortgage? We explain what you need to think about before making your decision. Money is tight right now for many households but if you have some savings put aside [...]
STRUGGLING TO PAY YOUR MORTGAGE? FCA CONFIRMS HELP IS AT HAND - WHAT MORTGAGE A lifeline has been thrown to borrowers struggling to pay their mortgage after new guidance has been firmed up which puts lenders under obligation to support customers in financial difficulties. Lenders must now have tools [...]
