The past few years have been particularly difficult for first time buyers attempting to get onto the housing market and find a suitable and affordable home owner loan product which actually meets their needs and whilst the situation has improved in recent months, there are still many hurdles for potential new loan customers.
The latest figures [...]
The Bank of England confirmed yesterday (Thursday 8th December) that the base rate of interest for loans and savings would be kept on hold for another month at the historically low level of just 0.5 per cent.
The announcement was made following the regular monthly meeting of the Bank’s Monetary Policy Committee (MPC) and came as [...]
The government has announced that it is to conduct a review of the benefits available under its Support for Mortgage Interest (SMI) which is currently available to unemployed individuals who would otherwise be unable to pay their home owner loan.
SMI benefit currently pays the interest on home owner loan repayments up to loan amounts of [...]
The likelihood of taking out home owner loan and buying their own house is becoming a distant dream for many individuals in the UK, as a new survey has discovered that, on average, it will take someone at last ten years to save up a large enough deposit to meet lenders strict loan to value [...]
A large number of borrowers in the UK have the option of overpaying on their home owner loan or mortgage, yet do not take advantage of this opportunity, even though they may be saving regular monthly amounts in a separate deposit account with their bank.
New figures from First Direct have shown that it could be [...]
For several years now, first time buyers have been struggling to get themselves onto the housing and home owner loan market, due to the high cost of a typical property, as well as the difficulty in being able to get a suitable home owner loan or mortgage.
The government has just announced a range of measures [...]
Concerns are growing that the average age of a typical first time buyer in the UK is increasing significantly, to the level whereby they may not be able to get a traditional home owner loan or mortgage due to their age.
Back in the 1960’s the average age of a first time buyer with a home [...]
