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Showing Category: Mortgages
What Will Happen To House Prices in 2022?
1 in 5 homes is selling within a fortnight of coming to market. One of the most astounding things that have happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709 with GDP dropping 28% in one quarter, one […]
Bristol First-Time Buyers Can Now Buy Using 5% Deposit Mortgages
Bristol First-Time Buyers Can Now Buy Using 5% Deposit Mortgages Yet higher mortgage rates could see Bristol buyers paying a lot more each month for the privilege Being a Bristol first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time […]
Portsmouth First-time Buyers Can Now Buy Using 5% Deposit Mortgages
Portsmouth First-time Buyers Can Now Buy Using 5% Deposit Mortgages Yet higher mortgage rates could see Portsmouth buyers paying a lot more each month for the privilege Being a Portsmouth first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time […]
Property Q&A – Remortgage Issue
Q: Ten years ago, we built a detached bungalow in the grounds of our house in Pontypridd We took out a 10 year interest-only mortgage with one of the High Street mortgage providers to pay for it. Now the 10 years is up and mortgage company wants us to pay it back. I know we […]
Bristol Property Market: Is it Time to Stamp Out Stamp Duty?
Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 […]
How Will the Brexit Deal Affect Portsmouth House Prices and Your Mortgage Payments?
Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Portsmouth home and the mortgage payments you […]
How Will the Brexit Deal Affect Bristol House Prices and Your Mortgage Payments?
Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Bristol home and the mortgage payments you […]
What will happen to the Bristol property market in 2021?
In the last few months, the Bristol (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc., all of this has had […]
Why Are Some Banks Reining In Over-Enthusiastic Bristol Homebuyers and Buy to Let Investors?
The Bristol property market is an enigma and chock-full of contradictions. Notwithstanding an economic recession and forecasts of property values dropping, nobody seems to have informed the Bristol homeowners selling their homes and those Bristol people looking to buy them. As I have discussed in many recent articles on the locality, the Bristol property market […]
How to reduce your anxiety when buying a home in Bristol
It’s not everyday that you buy a home – it’s more than a purchase, it’s an investment in your future, a place where memories will be made and stored. Buying a home is an emotional rollercoaster. Whether you’re buying for the first time or not, it’s rare for two experiences to be the same. Because […]
Are Bristol Builder’s Constructing the Wrong Type of Property?
Are Bristol Builder’s Constructing the Wrong Type of Property? The British housing market has never been so newsworthy. Every other day, there is an article in the newspaper or online about impending house price drops, house price rises, building on green belt, mortgage rates up/down, first time buyer affordability and the woes of being a […]
The Conveyancing Process Explained…
The Conveyancing Process The conveyancing process is not a strictly regimented one. Different solicitors will have their own way and order of approaching things, as well as an entirely different pace of work. It usually takes around two months from the day you agree the sale to the exchange of contracts, though there are no […]