Category: Property

Equity release: As property values soar, could your home help fund your later life?

25.05.2021
Across the UK, private property is worth more than £6 trillion, according to an Equity Release Council (ERC) report. Property prices have soared in the last decade, but homes often don’t play a role in later-life planning as the wealth is locked away. Equity release is one option more retirees are considering. In 2020, homeowners accessed more than £3.89 billion of property wealth through equity release. It can be a useful way to fund plans in...
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Buy to Let boom: What aspiring landlords need to know about mortgages

18.01.2021
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...
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What are your options with an interest-only mortgage?

18.01.2021
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...
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Will house prices fall in 2021?

04.11.2020
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...
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