The Bank of England has announced that, from 1st August, it will dispense with the mortgage affordability test that was introduced after the financial crisis. This is good news for prospective buyers who have been unable to secure a mortgage…
If you’ve been thinking about buying a leasehold property but have been put off because of the ground rent charges, you no longer need to let that stop you from going ahead with your purchase. From 30th June, ground rent…
In a majority vote by six of the nine members of the Monetary Policy Committee (MPC), the base rate has been increased by another 0.25% to reach 1.25%. This is the fifth consecutive rate increase since December 2021 and the…
Your military lifestyle means you have to move around frequently, live in military accommodation and be stationed overseas. All of these can lead to you having a poor crediting rating, which can impact your ability to obtain a mortgage when…
When you’re trying to buy a home as a member of the armed forces, it can often feel as though everything is working against you to stop that from happening. The lending criteria for standard residential mortgages don’t usually take…
Having a military career can pose numerous problems when it comes to buying a home, such as having a low starting salary, a lack of credit history and continually moving around with postings in the UK or overseas. To encourage…
Are you paying far higher rates for your mortgage than you need to but are unable to switch to a new deal? Is this because you cannot pass the strict lending criteria that have been introduced since you took out…
Do you have some savings tucked away and want to help a loved one to get on the property ladder? Then consider putting your savings to work with a family offset mortgage. What is a family offset mortgage? This type…
In a further attempt to combat the soaring rate of inflation, the Bank of England has once again increased the base rate. Now standing at 1%, this is the fourth consecutive rate increase and the first time it has been…
Inheritance tax (IHT) becomes payable upon your death and is based on the value of your estate. This can potentially leave a hefty bill to be paid, which can significantly reduce the amount you leave to your loved ones. With…