Thinking of Buying A House? Should you buy now or wait for prices to drop?
The economy is moving towards a period of recession due to the current pandemic and the consequential lock down. Property activity, in particular, came to a halt, and experts believe UK housing prices will continue to drop down this year. Impact On House Prices And Moving While the government has...Read More
Buyers, Rejoice: Lenders Likely to Reintroduce More Mortgage Products Into The Market
Although the year started with a roadblock in the form of COVID-19, the normalcy is returning, but slowly. For starters, an array of high-profile mortgage lenders withdrew their 90% loan-to-value (LTV) deals from the market during March and April. However, as social distancing norms were relaxed, a...Read More
COVID-19 for First-Time Buyers: Rural love
Office space per person is very expensive in London, with the average monthly cost per person ranging anywhere between £650 and £1,500. As a result, people don’t have any reason to stay in the capital. Working from home is not only affordable, both for employers and employees, but it also helps...Read More
COVID-19 For First-Time Home Buyers: A Blessing in Disguise?
The English housing market reopened for business on 13 May after its temporary closure since mid-March due to COVID-19. If a report is to be believed, about 450,000 property transactions were stalled due to the sudden shut down between March and May. Now that the lockdown is partially lifted in ...Read More
FCA confirms support for customers who are struggling to pay their mortgage
The FCA made a press release today confirming further support for mortgage customers who are either coming to the end of a payment holiday or who are yet to request one. The FCA is also reminding customers that if they can afford to resume payments, they should.Read More
Mortgage Holidays: Should You Fall For Them?
As COVID-19 continues to disrupt the global economy, governments across the world are coming up with innovative ways to deal with the slump. Rishi Sunak announced that the banks have agreed to give up to six-month payment breaks to people affected by the pandemic. So far, almost one in five ...Read More