Mortgages

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Trends Suggest Use of “Bank of Mum and Dad” Is Back

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Is the so-called “Bank of Mum and Dad” on its way back? While many first-time buyers do receive some form of financial support from their parents, recent data suggests that this trend may be on the rise. Obviously, the pandemic had a huge impact on the housing market, causing fluctuations in house prices, essentially closing…
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Stamp Duty Holiday Ends: What You Need To Know

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At the beginning of October 2021, the stamp duty holiday ended. This policy had been in place since July 2020, and was essentially a temporary cut on stamp duty, designed to help those whose finances had been affected by the Covid pandemic. A lot of people across the UK took advantage of the stamp duty…
Pensions vs Property; which is the best investment

Which is the Better Investment; Pension or Property?

It’s not uncommon for people to invest in property as their little nest egg for retirement. For some, property is seen as a safer option in the long run compared to the volatility of financial markets which affect pensions. In fact, a recent YouGov poll found that 30% of respondents between the age of 45…
Interest rate rises

Interest rate rises – will it ever happen?

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The will they/won’t they debate around raising interest rates has been rumbling on for several years now. But with the Bank of England announcing this month that they’re holding the base rate at their current 300-year low of 0.25%, how does the landscape look? And do we need to do anything to prepare for when…

Mortgages for the over 65s: it affects us all

What’s the situation? The amount of mortgage debt held by the over 65s is set to almost double from £20.1 billion to £39.9 billion by 2030. The financial industry, and mortgage lenders in particular, need to take action in response to these figures. The right moves could help stimulate the housing market to the benefit…