The government’s shared ownership scheme is in place for those who want to buy a property of their own, but just can’t afford to. In these schemes, people are offered the chance to buy a share of their home, paying rent on the share that is leftover.
Learn more about Shared Ownership Schemes
August 18th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Developers, Property Market 1 Comment »
First-Time Buyers guide to HomeBuy Schemes
August 6th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market Comments Off on First-Time Buyers guide to HomeBuy Schemes
Looking to buy your first home can be one of the most exciting but most daunting experiences so far in your life. All this talk of deposits, mortgages and insurance can leave you feeling unsure, concerned and a bit like a fish out of water. That’s why it is vital that you understand each and every part of the house buying procedure so you don’t find yourself in financial difficulty further down the line.
Lender Assisted Sales to Avoid Repossession
July 9th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market Comments Off on Lender Assisted Sales to Avoid Repossession
With a combination of falling house prices and rising unemployment, conditions are ripe for another sharp spike in repossessions. Only low interest rates are keeping repossessions in check at the moment but a rise of even a couple of percentage points, which is surely inevitable in order to control inflation, and a large number of families will begin to default on mortgage repayments. When they do, many will find they can’t sell their way out due to negative equity (they owe more on the property than it is worth).
The 7 Steps to Buying Your Next Home
June 27th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market 7 Comments »
The 7 steps to home buying infographic, brought to you by Halifax, features useful home buying hints and tips.
The infographic works well with their new free app which makes finding a home easier.
Dealing with Negative Equity – What to do?
June 11th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market 2 Comments »
The spectre of negative equity first appeared on a significant scale during the housing market crash in 1990s when interest went up so high that no one could afford to pay or take out a mortgage. The problem is now back and is worse than ever.
Mates Mortgages – the First Time Buyer Solution?
December 12th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market 1 Comment »
These are tough times for first time buyers trying to get a foot on the first rung of the property ladder. The high loan to value mortgages of the noughties are consigned to banking history and these days, a deposit of 15% – 20% will need to be raised, along with legal costs, survey costs and all of the other expenses associated with moving in to a new home. In reality this means that first time buyers are needing to raise at least £15,000 to £20,000, often much more to have a hope of buying their first home.
How to Choose the Right Mortgage for You
November 4th, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
Choosing the right mortgage is possibly the biggest financial obligation most people make in their lifetime, so it’s imperative that you do your research before making your decision.
With an abundance of selections of mortgage options and an endless array of financial institutions offering their own programs, you can be left feeling overwhelmed.
Stimulating the Housing Market
October 20th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market 3 Comments »
I was reading about Nick Clegg’s proposal at the Liberal Democrat conference to impose an additional tax on empty homes the other day with the aim of stimulating the housing market and it got me thinking about a couple things. Firstly, why oh why did I think voting Liberal was a good idea and secondly, what could be done to stimulate the housing market?
What Next for the UK Housing Market?
September 15th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Mortgages, Property Market 3 Comments »
You would need to have been living on Mars for the past ten years not to know about the rise and fall of the UK Housing Market. From the incredible price inflation of the early 2000s to the near collapse following the 2008 banking crisis, house prices regularly make for headline news. So what’s next?
Remortgaging my property – a quick guide
June 22nd, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
Remortgaging your property is a big decision, but make the right move and you’ll be glad you put the time and effort into it.
Why remortgage?
Well, if you’re coming to the end of your current mortgage deal, you’ll have to make a decision between finding a brand new mortgage and reverting to your lender’s SVR (Standard Variable Rate) deal.
Applying & Obtaining a Mortgage in 2011
April 26th, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
The decision to take on a mortgage is a big one and should not be taken lightly. It is likely that you will be repaying it for most of your working life. It’s extremely important therefore to make sure that you get the mortgage that is right for you. You should be prepared to pay a little extra for some good quality independent financial advice.