Articles
Bank of England to help mortgage affordability
The Bank of England is deciding on whether to improve mortgage affordability by withdrawing its affordability tests on all mortgages taken out in the first six months of 2022. The Bank of England’s Financial Policy Committee will meet to discuss this potential strategy soon. This could make getting a mortgage easier for some aspiring homeowners, including first-time buyers and those purchasing property in the south.
£350 payment to help with rising living costs
Following the energy price cap increase and overall increases in the cost of living, the UK Government has announced up to £350 payments for each household. This is split into two payments of a £200 Energy Bill Rebate and a £150 Council Tax Rebate.
The £200 payment will be available to all households that pay for their electricity. The £150 payment will come in the form of a Council Tax Rebate and will be available to all properties in Council Tax bands A, B, C and D. This will mean an estimated 80% of all households will qualify for the £150 Council Tax rebate.
Should you review your insurance and protection in 2022?
What were your New Year resolutions for 2022? Have you kept up with that 5k run every Sunday, or have you managed to eat less chocolate?
Most of us make New Year resolutions that surround our physical and mental health, but not enough people make resolutions to benefit their financial health. One effective resolution relating to finance is to get on top of admin and review your financial products and investments.
If you currently have life insurance, critical illness cover or income protection, 2022 is the ideal time you review your policy?
First-time buyer tips
It can be daunting to search and apply for a mortgage if you have never bought a property before. There may be terms you’ve never heard of or parts of the process you never knew existed. If you’re planning on buying your first home this year, we have put together three of our top tips to help you along the way. These tips could save you money and make your journey less stressful.
First-time buyer process
What is the process of buying a home in the UK? This is a question typically asked by first-time buyers. This quick post will chronologically list the key steps involved when buying a UK property. On average, the typical purchasing process takes between 2-6 months, depending on a number of factors. But what does that process look like?
