Homeowners whose two-year fixed rate mortgage deals are about to end have been warned they could see a bill shock if they fail to act. In September 2017, the average two-year fixed mortgage rate hit its lowest ever level at 2.17 per cent, according to Moneyfacts. Borrowers can still swap to deals almost as cheap … Read more
Almost 2,000 more first-time buyers get on the property ladder each month, as they take advantage of cheaper homes, generous mortgages and stamp duty cut First-time buyer numbers jump by 5.8 per cent compared to last year July saw a year-high in the amount lent to people buying their first homes Fewer homeowners are remortgaging than … Read more
Kieron and Hannah Muldoon were among the first adopters of Help to Buy when they bought their first home in Merseyside six years ago. For five years, the couple were over the moon with their decision to take advantage of the Government’s interest-free loan to help them get on the property ladder. But in year … Read more
Five-year fixed rate mortgages are nearly as cheap as two-year deals – but should you lock in for longer? Gap between two and five-year fixes shrinks to smallest margin in seven years 10-year fixed rates are also getting cheaper as lenders fight for customers Two-year fixed rates are still dropping but at a much slower … Read more
Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance. But … Read more