The latest move by the Bank of England to relax mortgage affordability rules should make it easier for first-time buyers to take out a mortgage. Key takeaways The Bank of England has announced plans to relax mortgage lending rules from August 1 Borrowers currently have to show they can afford repayments on their lender’s higher […]
Mortgage lenders to do more to help borrowers Read More »
It has recently come to everyone’s attention that energy prices were on the rise. The regulator Ofgem has announced a cap of 54% to the increase, the maximum limit has gone from £1277 to just under £2000 per year. Households in the UK will therefore see a hike in their energy bills. Some could be
Energy prices on the rise, how to offset the cost? Read More »
Landlords will no longer be able to evict renters for no reason as part of a package of measures included in the Queen’s Speech to make the rental market fairer. Key takeaways Landlords are set to be banned from evicting renters without a reason as part of a package of measures to make the private
Queen’s speech: no fault evictions to be banned Read More »
Property values rise at their fastest rate since 2007, as house price growth hits a 15-year high. Key takeaways The typical UK property has risen by 13%, since March 2020 Demand from potential buyers is 58% above the five-year average, but the supply of homes is also starting to increase, creating property hotspots A total
Value of average UK home rises by £29,000 in two years Read More »
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