The number of people purchasing property to let out soared in the last months of 2020. Becoming a landlord can be an attractive way to boost your income or invest. However, there are many things to consider before taking the plunge, starting with whether a Buy to Let mortgage is right for you. Landlords made up 15% of agreed property purchases in November Landlords made up 15% of agreed property purchases in England, Wales and Scotland in November...

While interest-only mortgages have become less popular, millions of people have one and need a repayment strategy in place. If you do have an interest-only mortgage it’s important to review your plans as figures suggest almost half of borrowers will experience a shortfall. According to the Financial Conduct Authority (FCA) over the next 30 years, 2.6 million interest-only mortgages will be due for repayment. While 90% have a repayment plan, the...

House prices have been climbing in recent weeks as pent up demand means there’s more competition for each property. Yet, forecasts suggest that property prices could fall in the New Year. The impact of Coivd-19 on the property market The property market temporarily closed in a bid to slow the spread of Covid-19. It meant plans and sales were put on hold. Once viewings began again, demand increased. As well as high levels of demand, the...