January 25, 2016
More and more people are becoming eligible from ‘shared ownership’ mortgages, where you only own a portion of the property, with the government now raising the income cap to allow those who earn up to £80,000 to benefit. With lenders offering to pay for up to 95% of the property, these mortgages seem like a […]
January 14, 2016
Choosing whether to rent or buy a property is one of the biggest decisions you’re likely to make in your lifetime, after all, it’s probably the biggest purchase you’ll ever make! There are benefits to taking either route, and obviously it depends largely on your own personal situation as to what’s right for you. However […]
Applying for a mortgage is a daunting thing, especially if you have never before made a mortgage application. Even if you do have prior mortgage application making experience though, because the industry is ever changing and property isn’t something all but developers do very often, it can still prove a mammoth task. Hence, below are […]
January 9, 2016
Good news for potential homeowners: The Bank of England has revealed mortgage approvals hit a three month high in November. A report showed that net mortgage lending went up by £3.9 billion, the largest rise since February 2008. There were 70,410 loan approvals for house purchases in November, which was more than expected as the […]
January 6, 2016
2016 looks set to be another year of record-low interest rates with economists predicting a maximum rise of as little as half a per cent. These all time low rates mean that 2016 is a great time to secure your mortgage before rates potentially rise again over the next few years. So if you are […]
Most people who have a growing family will at some stage find their present home just isn’t big enough. The obvious solution to some people would be to move and purchase a bigger house, but for some it isn’t really an option. Moving house costs money. Legal fees, estate agents costs, stamp duty; it all […]
December 22, 2015
Recently buy to let schemes have had a shakeup due to the new second home tax set to come into force from April 1st, 2016. What Is The New Tax? George Osborne announced in the previous month’s Autumn Statement that potential investors and individuals purchasing second homes or buy to let property should expect to […]
December 8, 2015
There are a number of things to consider before you even consider applying for a mortgage. One of the most difficult decisions to make is choosing the length of time in which to pay your mortgage. They can vary from just a couple of years up to double figures, but why is there such a […]
December 4, 2015
The UK government has announced a new ISA scheme which it homes will better enable first time buyers to make their first steps onto the property ladder. For those signing up to the help to buy ISA, he government will offer a tax-free payment of up to £6,000 when buying their first home, and interest rates […]
December 1, 2015
Recent improvements in the UK economy and a willingness of banks and building societies to start lending for mortgages have led to a rise in the number of housing developments currently under construction. This is really good news for the building industry, which was undoubtedly the industry hit hardest at the start of the economic […]
After getting together the money for a deposit on a new place, securing a mortgage can seem like a daunting prospect. A good credit score is a must if you want to qualify for a mortgage, but there is plenty you can do to make sure yours is as high as possible before applying. The […]
November 10, 2015
In the media we are constantly bombarded with news about the dire situation our housing market is in here in the UK, but how bad is it really? Here at Search Mortgage Solutions we have been casting our expert eye across the globe to see how bad housing markets are in different countries to get […]