Your basket is currently empty!
Tag: MORTGAGE
MORTGAGE
Getting a mortgage when you are retired
In the vibrant landscape of the UK housing market, prospective homebuyers have a multitude of mortgage options to consider when financing their property purchases. From traditional fixed-rate mortgages to innovative equity release schemes, understanding the various types of mortgages available is crucial for making informed decisions. Let’s explore the diverse range of mortgage options offered… Read more
Green party announce their housing policy for July election
The Green Party’s housing policy for the July 2024 UK election emphasizes creating sustainable, affordable housing while prioritizing environmental and social considerations. Key aspects of their policy include: Overall, the Green Party’s housing policy aims to address the housing shortage in the UK through sustainable practices, enhancing affordability, and supporting community development. Read more
Am I too old for a mortgage?
In the ever-evolving landscape of personal finance and homeownership, one question that often arises is whether age is a barrier to securing a mortgage. With changing demographics and increasing life expectancy, individuals are exploring homeownership at various stages of life, including later years. In the United Kingdom, mortgage eligibility criteria consider a range of factors… Read more
Housing policy for 2024 election from the conservatives
The Conservative Party’s housing policy for the upcoming UK election focuses on increasing homeownership, supporting renters, and addressing the housing supply shortage. Key elements of their policy include: The Conservative Party’s housing policy is designed to increase the supply of new homes, support homeownership, improve rental conditions, and ensure that housing development is sustainable and… Read more
What is labour’s housing policy for the upcoming election?
The Labour Party’s housing policy for the upcoming UK election includes a comprehensive plan aimed at tackling the housing crisis and ensuring access to affordable and secure housing for all. Key elements of their policy include: Labour’s housing policy focuses on increasing the supply of affordable housing, protecting renters, supporting first-time buyers, and ensuring that… Read more
How many first-time buyers will benefit from a permanent freeze to stamp duty?
The Liberal Democrats’ policy to permanently freeze stamp duty for first-time buyers is aimed at making homeownership more accessible for this group by reducing upfront costs. While the exact number of first-time buyers who would benefit from this policy is not specified in the party’s literature, we can estimate the impact based on recent housing… Read more
Liberal democrats unveil housing policy ahead of election
The Liberal Democrats’ housing policy for the upcoming UK election focuses on addressing the housing crisis through several key measures: The Liberal Democrats’ housing policy aims to create a fairer, more sustainable housing market that provides affordable and secure homes for all. Read more
Shared ownership explained
In today’s housing market, achieving the dream of homeownership can feel like an insurmountable challenge for many individuals and families, especially in high-cost areas. However, shared ownership has emerged as a viable solution, offering a stepping stone onto the property ladder for those who may otherwise struggle to afford a home of their own. Let’s… Read more
A look at lifetime mortgages
In today’s economic landscape, many retirees find themselves seeking ways to supplement their income or fund large expenses without sacrificing their hard-earned retirement savings. For homeowners in the United Kingdom, a viable option worth considering is the lifetime mortgage. This financial product has gained popularity due to its flexibility and potential to provide financial stability… Read more
Labour to introduce mortgage guarantee scheme
As of my last update in 2023, the Labour Party in the UK has proposed the introduction of a mortgage guarantee scheme aimed at helping more people, particularly first-time buyers, get onto the property ladder. Here’s an overview of the proposed scheme: Overview of the Mortgage Guarantee Scheme The proposed mortgage guarantee scheme by the… Read more