Britain’s ready for interest rate rise, says Lloyds boss – The Guardian

Britain’s bank is back under private ownership, and has seen a 38% increase in revenue since the start of this year. Seeking to maintain a stable market, you can expect to see the bank’s first rate increase on loans since 2007. From an ultra low .25 percent rate, borrowers can expect to see interest creep […]

The step-by-step guide to buying a home – The Guardian

There are several steps one can take to prepare for buying a home. First off, one should get their finances in order, to make sure they have enough money to afford a home and that they can safely borrow enough to cover the rest. Then, one should start looking for the house they want by […]

How to avoid inheritance tax: How Grandparents can help first-time buyers – Express.co.uk

Grandparents are helping their grandchildren financially in myriad and at the same time avoiding inheritance taxes. Their motives vary, but they are mainly interested in seeing their grandchildren enjoy their gifts before they die, rather than leaving them as an inheritance. An average of £ 9,360 is being gifted to grandchildren for a variety of […]

Leeds launches new Help to Buy rates with £500 cashback – Financial Reporter

Leeds Building Society has developed and released a more flexible and appealing mortgage plan to their clients; they call this “Help to Buy” and offer £500 back. This cashback allows the borrowers to choose the conveyancer of their choise, which tends to speed up the process. Clients can chose from three different plans with various […]

Beaconsfield is the UK’s first £1m+ market town – Mortgage Introducer

London has suburbs. One of them is Beaconsfield is one for the wealthy. With homes selling regularly over one million euros. Despite being located outside of London it has a commute time of only 40 minutes. The homes in these market areas have more than 150% markup on price. There is a trade off where […]

House price fall renews concern over cooling UK economy – The Guardian

Wages are getting lower and the prices of houses are dropping at a continuous rate. In various months there is an unsteady dip and rise in the prices thereby showing great instability in prices. Mortgages are not been approved and therefore there is not a great influx of new buyers inquiring about houses. While it […]

UK house prices dip in August as the ongoing squeeze on consumers hits affordability in the South – This is Money

Prices for homes in the UK have gone down in the month of August, according to a website issued by a financial firm. A UK lending firm reported the average price of a home in the UK went down by one tenth of a per cent to £210,495. The annual price increase also dropped from […]

Buying a new-build has paid off for this doctor who had her heart set on a Victorian property – Metro Newspaper UK

Katherine Byrne was ready to buy her first house after 10 years of renting. She had thought about it for a long time and new exactly what she wanted. She loved the Victorian style. However, after 18 months of searching, every house she looked at had too many repairs that were needed due to their […]

UK consumer credit growth hits more than 1-year low in July, mortgage approvals surge – Nasdaq

A recent report noted that consumer credit growth in the UK has slowed down. Annual growth in July slowed down from 10.0 to 9.8 per cent. This is the weakest gain since April of 2016. With respect to cash, consumer credit went up by 1.179 billion pounds, well below the anticipated increase of 1.5 billion. […]

Does the help-to-buy scheme really offer the best rates? – The Guardian

Potential homeowners in the UK are being offered help to buy loans from the government. A reader asked an expert online whether the loans are good. The reader offered to help his daughter by giving her 50,000 pounds for a deposit on a 200,000 pound house. His daughter wants to use the help to buy […]