40-year mortgages offer lifeline to FTBs
More than six in 10 would-be FTBs said that affording the mortgage payments was a significant obstacle to buying a home. A 40-year mortgage could cut monthly payments by hundreds, making it easier to get on the ladder. Just remember: longer terms can mean more interest overall.
Is your fixed rate coming to an end?
Over 350,000 UK households will face higher payments this winter as low-rate deals from 2020–2023 end. With the Autumn Budget on 26 Nov, now’s the time to review your mortgage options. Early planning can save you thousands.
Mortgage Guarantee Scheme made permanent
The Mortgage Guarantee Scheme aims to sustain availability of high LTV mortgages by incentivising lenders with government-backed guarantees. First-time buyers and home-movers across the UK can benefit, but professional advice is essential to help you choose the right deal.
