First Time Buyer Mortgages
November 6, 2024
The latest budget announcement has brought several changes that directly impact first-time homebuyers in the UK. From adjustments in stamp duty thresholds to investments in affordable housing, these developments could significantly influence the affordability and availability of homes for new buyers. This blog breaks down what these changes mean for you if you’re looking to step onto the property ladder. Stamp Duty Changes One of the most notable changes is the adjustment of the stamp duty threshold. Previously, first-time buyers […]
August 15, 2024
Over the last few months we saw significant activity in both personal protection policies and the mortgage market. July has been a pivotal month for many of our clients, particularly in reviewing their personal protection plans and navigating the constant changes in mortgage rates. Here’s a detailed look at what’s been happening. Personal Protection Policy Reviews: A notable number of our clients took the opportunity to review their personal protection policies. It’s been eye-opening for many to discover that […]
October 30, 2023
For many of us, buying a home is the largest financial commitment we’ll undertake in our lifetimes. Amid such a significant decision, it’s easy to get lost in the overwhelming plethora of information available. Worse still, misinformation can muddy the waters, leading potential homeowners down confusing and costly paths. Today, we’re setting the record straight, debunking some of the most common misconceptions that Torquay residents hold about mortgages. 1. Misconception #1: You Need a 20% Deposit to Buy a Home […]
September 7, 2023
The Benefits of Using a Mortgage Broker in Torquay When it comes to buying a home, whether you’re a first-time buyer or a seasoned property owner, the landscape of mortgages can be a complex and often bewildering one. Between understanding mortgage rates, navigating application processes, and deciding between fixed or variable rates, it’s a labyrinth of decisions. This is where the benefits of using a mortgage broker, especially a local one in Torquay, become strikingly clear. Access to a Wide […]
July 31, 2023
Buying your first home can be an exciting yet daunting task, filled with endless considerations and decisions. As a first time buyer, the real estate market can appear intimidating, but rest assured, you’re not alone. As your dedicated mortgage brokers in Torquay, we’re here to guide you through every step of the journey towards homeownership. Understanding the First Time Buyer Market First off, we’ll give you an overview of the current market conditions. This includes the property prices in […]