by Brian Downton | J, Jun, 2016 | blog, mortgages
In last year’s Summer Budget, George Osborne announced changes to the way landlords can claim tax relief on their mortgage finance costs. In his Autumn Statement, the Chancellor then announced proposed changes to Stamp Duty Land Tax on properties purchased for Buy to...
by Brian Downton | J, Apr, 2016 | blog, mortgages
The Bank of England (BoE) last increased the base rate in July 2007 and interest rates hit rock bottom in March 2009. This has meant over 1.75 million UK homeowners have never faced a rise in the BoE base rate. Mortgage payments around 18% of income During 2014 these...
by Brian Downton | J, Feb, 2016 | blog, mortgages
Your current home may well be the place where some of your happiest memories were created. Realistically, however, downsizing may be an excellent way of financing many more. Here are some points you should consider on the topic. Why should I downsize my home? Home may...
by Brian Downton | J, Jan, 2016 | blog, mortgages
The Mortgage Market Review, which took effect in 2014, imposed “affordability criteria” on lenders. In simple terms it aimed to rein in high-risk mortgages. Like any change it triggered speculation about its potential effects....
by Brian Downton | J, Jan, 2016 | blog, mortgages
While having an offer on a house accepted may be a cause for celebration, it is actually a fairly early point in the procedure for buying a property. Here is a summary of the steps to complete before you pick up your keys. Organize a Solicitor You may be able to find...
by Brian Downton | J, Jan, 2016 | blog, mortgages
The concept of making mortgage payments after retirement age may be a new reality for some people. When looking at this situation, be aware that you can always get advice from a professional financial adviser to help you find the solution that’s right for you. Decide...
by Brian Downton | J, Jan, 2016 | blog, mortgages
Given that a mortgage is usually a long-term commitment, sometimes a significant one, paying it off can be a major financial (and personal) milestone. For some people it may even be worth considering taking steps to repay a mortgage early. The practicalities of...
by Brian Downton | J, Jan, 2016 | blog, mortgages
Buying your first home can be an experience you’ll never forget. While the actual process of house-buying only starts once you have found a property that you might wish to call home, planning ahead can give you a huge advantage when it comes to getting the home you...
