Resources

Home buying guide

20 Things to know before buying a house

Don’t get caught, read our handy guide to buying your first house. Buying a house can be stressful and time-consuming. Below we are listing 20 things to remember while taking your exciting journey to home-ownership.  You will need money for additional costs. Have extra cash ready. Save with ISA and get a government bonus. Lenders will be checking your credit history. Your credit score is very important, but don’t worry… Read More »20 Things to know before buying a house

11 home improvements

11 home improvements you can do without planning permission

Are you thinking about home improvement? In recent months the home improvement became very popular with the homeowners trying their hands on DYI. While many of us started redecorating their homes and doing small jobs around the house, some decided to take on bigger tasks as well. With the interest rates being all-time low, many people can remortgage their property to raise capital to invest in home improvement projects, like… Read More »11 home improvements you can do without planning permission

Mortgages during pandemic

Getting a mortgage during the Covid-19

Property and mortgages during the pandemic. I get a lot of questions from clients about the effects the pandemic and the lockdown have on the property market and mortgage applications. The property market is officially open but there are few things to remember when thinking of getting a mortgage. Many lenders have tightened their lending criteria and the changes sometimes happened with a day notice. There are significant delays in… Read More »Getting a mortgage during the Covid-19

Help to Buy

Help to Buy Scheme

Affordable home ownership – equity loan The Help to Buy Scheme allows you to first-time buyers and home-movers purchase a new-build property with as little as a 5% cash deposit. To help you arrange a mortgage, the government would lend another 20% (or 40% in London) in a form of an equity loan. The rest of the purchase price you will pay via mortgage arranged on the open market. Many lenders allow first-time buyers to arrange their… Read More »Help to Buy Scheme

Mortgage during pandemic

Stamp duty holidays

Stamp duty holidays confirmed. The Chancellor, Rushi Sunak, confirmed on Wednesday, the 8th of July, that new temporary rules will be placed to boost the property market. He announced that the Stamp Duty Land Tax will be suspended until 31st of March 2021 for properties up to £500,000 in value, with immediate effect. The tax holidays will also apply to landlords looking to expand their property portfolio or incorporate as… Read More »Stamp duty holidays

Investing in Property

How to start investing in the property. Investing in property can be very beneficial, especially when the interest rates for savings and bonds are very low and people are searching for alternative ways to invest their money. If you are considering to become a property investor or just want to buy a second home to be rent out, here you can find all information about how to start your journey.… Read More »Investing in Property

Bounce back loans

Bounce Back Loans

Bounce Back Loans now available for small businesses. Small businesses that struggle due to the COVID-19, can now apply for a 100% government-backed bounce back loans up to £50,000, with no interest or repayments for the first 12 months. Bounce back loans are provided by British Business Bank and designed to offer quick and simple funding to companies who cannot access more complicated CBILS loans. Bounce back loans offer: Funding from £2,000 to… Read More »Bounce Back Loans

Business Finance

Business finance during COVID-19

Business owners urged to apply for COVID-19 support loans UK government announced two loans scheme to help small and medium businesses to survive during unprecedented times of the coronavirus and the continued lock-down. Many companies will struggle with their finances as their operation was suspended, but they still experienced cost associated with the business. UK government set up two new schemes to offer help for businesses (CBILS and Bounce Back… Read More »Business finance during COVID-19

BOE Rate Cut

Bank of England base rate cut

Following the announcement of the Bank of England to cut the rate to 0.25% from 0.75%, and than from 0.25% to 0.10% a few days later, there were questions about what it means for mortgages and savings. When it comes to the mortgages, you will only benefit from the cut if you are on Standard Variable Rate or on tracker mortgages. There are very few tracker mortgages around nowadays but… Read More »Bank of England base rate cut

UK budget

Budget 2020 for property market

The budget of 2020 introduced last-minute mitigation of the Coronavirus on the British economy but had little to talk about the property market. So, what are the changes? Stamp Duty 2% surcharge for non-UK resident buyers, which will be introduced in April 2021 An extension to the Affordable Homes programme, the funding, distributed by Homes England and the Greater London Authority, is used to support housing associations and to encourage… Read More »Budget 2020 for property market