Regarding retirement, most people have the same goal: to spend their latter years doing what they love without worrying about scraping by.
Read MoreThe European residential mortgage market has experienced fluctuations, reflecting broader economic trends and local housing dynamics.
Read MoreSurprisingly, despite significant inflation over the past few years, buying a house today is still more affordable as a % of take-home pay.
Read MoreNow we know Labour will be taking the reins of government and ushering in a new era of policies and promises.
Read MoreProperty markets don’t like uncertainty. So we now have a better idea of what the government will be doing over the next five years.
Read MoreIf you’re paying off a mortgage on a property in Southampton, you’ll be well aware of how the mortgage market works in the UK.
Read MoreEvery UK region has seen an increase in the number of properties selling (subject to contract) in January 24 vs January 23; the most significant rise was found in Inner London, which was up 25.14% year-on-year, followed by the South East, at 20.02%, the South West at 16.18%. Most other regions (West Midlands, Outer London, North West, Yorkshire, Ulster, East Anglia, Wales, East Midlands & North East) increased by between 12% and 15%. The smallest rise was in Scotland at 4.45%.
Read MoreThe mortgage on a typical 85% loan-to-value mortgage would be £221,609 (meaning a 15% deposit of £39,107). If a Southampton first-time buyer bought their house last summer, when the average five-year fixed rate was 6.3%, the mortgage payments would be £1,308.55 per month (for the next five years). At the time of writing this article, Halifax were offering an 85% loan-to-value, five-year fixed rate at 4.57%, yet HSBC were offering something even better, a 4.44%, 85% loan-to-value mortgage on a five-year fixed rate. That means their mortgage payments would only be £1,040.56 per month.
Read MoreThis guide simplifies the process for Southampton homeowners looking to navigate this potentially complex situation.
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