Articles
Are 95% mortgages coming back?
The new year brings some good news for first-time buyers who find themselves locked out of the housing market because they cannot pull together a large enough deposit. The government is looking to bring back affordable 95% mortgages to create two million more owner-occupiers.
Boris Johnson announced the move at the virtual Conservative Party conference back in October. "We will help turn Generation Rent into Generation Buy," he said. The prime minister was reiterating a key manifesto pledge from 2019.
Price caps revealed for Help To Buy Scheme
With a new year comes new changes, and for homebuyers, one of the first and most significant changes in 2021 is the government’s Help to Buy Scheme: Equity Loan Scheme. From April, eligibility will be limited to first-time buyers, and a new region-to-region price cap will be introduced.
What to look for in the 2021 property market
What is going to happen to the UK property market in 2021? That's the $64 million question. Currently, the year looks set to get off to a good start, a hangover from the end of last year when property prices and house sales increased. We all know that nothing lasts forever but will the current good times come to a staggering halt sooner than later? Several support programs are due to end on March 31, which could be a problem for the economy and housing market. So, eyes down, here's what we're all looking out for in early 2021.
The state of the housing market at the end Of 2020
We are moving toward the end of a year that most of us will be glad to see the back of for obvious reasons. No doubt we're all looking forward to a better 2021. With the rollout of COVID-19 vaccines, we can, at last, see a glimmer of light at the end of the tunnel. So what does all this mean for the home buyer or seller? What is the current state of the property market in the UK?
A quick guide to inflation
Back in August, the UK's annual inflation rate plummeted to a five-year low of 0.2%, driving down the cost of living. The highly popular Eat Out to Help Out scheme was mostly behind one of the biggest inflation drops in recent years as it pushed down prices in restaurants and cafés. But what exactly is inflation, and what does it mean for your money?
