From the existence of credit blacklists to living in the house of a former debtor, there are many misconceptions which are hindering people from improving their financial health. According to credit reference agency, Experian, there are a number of myths…
The latest data from Zoopla shows, whilst house prices have risen by 8.1% in the year to February, estate agents have also reported a 3.5% increase in their stock levels in March. It’s a small rise – indeed the number…
The recent announcement by the Bank of England that the base rate was to rise for the third time in four months did not really come as much of a surprise. With the rate of inflation at a 30-year high…
The Bank of England is considering ditching rules that limit how much people can financially stretch themselves when taking out a mortgage. The central bank has launched a consultation in relation to changing the affordability tests that mortgage lenders currently…
Homeowners have had the luxury of cheap mortgages for more than a decade. But the era of rock-bottom rates looks to be officially over. Last year’s record low deals of less than 1 per cent are long gone and rates…
House prices have rocketed 20 per cent in the two years since the coronavirus pandemic began and the average home is up £29,000 over the past year alone, figures revealed today. Britain’s biggest building society Nationwide said the pandemic property…
Mortgage brokers have warned that some estate agents are pressuring buyers into using their in-house financial advice services – sometimes as a condition of submitting their offer. A group of independent brokers has said that certain agents, including some nationwide…
Since the start of the pandemic, millions of self-employed people have accessed government support schemes such as the Self-Employment Income Support Scheme grant and Bounce Back Loan. The money allowed them to keep afloat in the most difficult days of the…
House prices are continuing to rise but the pace of growth is slowing according to the latest report from Halifax. The mortgage lender revealed monthly prices increased by 0.3% in January which is the lowest rise since June 2021. Annually,…
Gaining as much knowledge as possible about your potential future home will help you plan and avoid any problems. It will also put you in a better position to negotiate. Michael Reading runs through the questions to ask before making…