Are you considering making mortgage overpayments? Here’s what to consider. If you can afford it, there are many advantages to overpaying your mortgage, such as: – Becoming a step closer to being mortgage-free – Reducing the amount of interest you owe...
House prices returned to growth in 2024, as half of the UK’s housing stock increased in value by an average of £7,600*. Last year, 15 million homes in the UK rose in price by at least 1%, with 6.9 million increasing by £10,000 or more. Nearly six million homes stayed...
From 1 April, fewer than 1 in 10 homes will be Stamp Duty free for buyers*. Stamp Duty thresholds are reverting to previous levels in April, so buyers will soon pay more tax on their house purchases. First-time buyers (FTBs) currently do not pay Stamp Duty on homes up...
In February, the Monetary Policy Committee (MPC) voted to reduce the Bank Rate to 4.5%. Despite this being the third reduction since August 2024, the MPC has still been cautiously restrictive to sustainably return inflation to its 2% target. In Q4 2024, inflation was...
The UK economy may be slowly recovering but many Brits are still feeling the financial pressure, with one in 10 homeowners struggling to meet their monthly mortgage repayments*. So, what should you do if you find yourself in this difficult situation? Speak to your...
