Can a mortgage offer be withdrawn or extended?

Buying a home can be a daunting experience. The mortgage process is not only the most important thing to understand, but arguably the most confusing. That’s why we’re here to help you get to the bottom of your most pressing questions so that you can begin your first time buyer journey.

If you’re a first time home buyer looking to demystify mortgage offers, read on. This blog post will provide a whistle stop tour of everything you need to know about mortgage withdrawals and extensions.

Read More

The government’s mortgage guarantee scheme explained

The onset of the pandemic in the spring of 2020 quickly lead to the withdrawal of low-deposit mortgages, as property valuations ground to a halt and lenders looked for ways to manage business levels.

Over the last 12 months, the market has gradually opened up again, and the budget announcement in March saw the Government confirm its intention to support the housing sector by increasing the availability of 95% mortgages.

Here, we have broken down how the government’s mortgage guarantee scheme works.

Read More

Is it better to rent or buy in London?

If you rent, deciding whether to take the plunge and buy a property is probably the biggest decision you’ll ever make.

For many people, the decision will be swayed by what’s affordable to them. In most areas of London, average monthly rents are actually higher than mortgage repayments, making buying a better option (as long as you can afford the deposit).

Everyone’s circumstances are different, but if you’re struggling to decide whether it’s better to rent or buy in London, we hope this article will help inform your decision.

Read More