With the phased end of the government’s stamp duty holiday almost upon us; property buyers who have not yet completed their purchases face a frantic rush to do so by the end of today. It is feared that buyers who have already borrowed up to their maximum limit, but who miss the deadline, will not…
The First Homes Scheme is a new Government initiative that starts on 28th June 2021. However, seeing as the homes that qualify for these schemes are still yet to be built, it is unlikely we will see any completions until 2022. What is the First Homes scheme? The First Homes Scheme is the government’s latest affordable…
Interest rates were held at 0.1% again in May. However, the Bank of England (BoE) has upgraded their economic growth forecasts for this year. The new forecast from the BoE has predicted that 2021 will be the strongest year of growth, since the Second World War! A unanimous vote was carried out by the Bank…
The government-backed 95% mortgage scheme that was announced at the Budget is now available to lenders. The scheme aims to help first-time buyers or homeowners obtain a mortgage with a 5% deposit to buy a property of up to £600,000. The scheme is one of a range of flexible home ownership options available. These include…
A 5% deposit mortgage guarantee scheme to help prospective homeowners with smaller deposits onto the property ladder is set to be announced in the Budget tomorrow (Wednesday 3 March). What will it be like? Due to start in April, the scheme will help the tens of thousands of young buyers who were excluded from the…
The Times reports today that chancellor Rishi Sunak plans to extend the stamp duty holiday until the end of June. However, the official announcement will be made during the 3rd March budget. However, questions remain over whether the rumoured extension will apply to new buyers or only those caught in the transaction pipeline. The chancellor…
Those looking for a new mortgage now have the most number of deals to choose from since the pandemic began. Recent data to be released in the Moneyfacts UK Mortgage Trends Treasury Report, found that there are currently 3,215 mortgage deals available. This is the highest number since March when there were 5,222 deals in…
