Buying a house? Stretch your finances, not yourself – Livemint

Most people look forward to owning their own house, and financial stretch is needed for this, but the stress which accompanies optimistic borrowing should be avoided, according to livemint.com. This stress can be avoided by budgeting carefully in advance, saving the largest possible deposit and settling for renting while income is too low to buy. […]

A 5-Point Checklist for Buying Your First Home – Money Magazine

First time house buyers should start by checking their credit reports, according to Time.com. Creditworthiness affects interest rates, so mistakes on records must be checked before applying for a mortgage. Prospective buyers should also set a budget of up to 2.5 times salary and decide whether a fixed- or adjustable-rate mortgage will suit them better. […]

UK property prices bounce back to near record | David Sapsted … – Re:locate Magazine

House prices in England and Wales have returned to near record levels, according to Rightmove.co.uk. They have found that sellers are particularly advantaged in Wales and northern England due to a decrease in available houses. While more houses are available in southern England, prices have still risen as confidence returned to the market some weeks […]

17 Tips From a First-Time Homeowner That Will Change the Way You Buy a Home – POPSUGAR

17 vitally important tips that every first-time home buyer should know. Tips are included for every step of the process, from the reasons for buying a house, to how much you can really afford to spend on a home and what to do when you move in. All of the advice is given by someone […]

Buy your first home with your grandparents using this clever new mortgage scheme – Mirror.co.uk

First time buyers may soon be able to get onto the property letter using a new type of mortgage scheme. An example of this new type of mortgage may soon be offered by a mutual, One Family, and has been dubbed the ‘inter-generational mortgage’ which will allow elderly relatives to provide security for the mortgage […]

Mortgage rates will rise, but it won’t be the catastrophe some predict – Telegraph.co.uk

The cost of mortgages may soon rise due to the falling pound and a fall in the value of guilts. These effect “swap rates” which effect price the capital banks can obtain in the market.Swap rates have risen to 0.58% from an all-time low of 0.38%. However, as a result of these increases, current affordability […]

The buy-to-let borrowers ‘marooned on high rates for life’ – Telegraph.co.uk

New rules from the Bank of England may restrict the ability of buy-to-let investors to remortgage to a better deal. As a result buy-to-let investors may find themselves on a standard variable rate mortgage as their current fixed rate deal ends, with possible rates of higher than 5%. Investors are also about to be hit […]

Brexit latest: First-time home buyers face sharply rising costs as UK housing market show signs of recovery – The Independent

Despite expectations from some experts that UK house prices may decrease, due to the result of the recent Brexit vote, house prices appear to be rising. The average house price rose 0.7% month-on-month, putting a property increasingly out of reach for first time buyers. There may still be a risk of a downturn in the […]

UK Government needs to think about older buyers not just those starting on housing ladder – Property Wire

The Government should focus less on first time buyers and more on later life housing, according to delegates at a housing conference in London. It is estimated that there will be 20 million people aged over 60 in the UK by 2020. Housing law partner Charlotte Cook said that greater choice and more meaningful information […]

This is why Britain’s banks will suffer greatly if Brexit kills the housing market – Business Insider

The recent vote for Brexit may damage the UK housing market and in turn banks. According to economists from HSBC the proportion of mortgage based accounts held by UK banks is over 60% making them vulnerable to interest rate rises and job losses involving mortgage payers. Falling GDP, as a result of the Brexit vote, […]