first-time buyers

First Home Scheme

First Homes Scheme

The government has announced the trial of a new first-time buyer initiative called First Homes, where the new property will be available to purchase at a discount of up to 50%. First Homes is a part of the government’s affordable homes pledge and will be rolled out in England from the 28th of June, after a trial taking place in Derbyshire. What is the First Homes Scheme? The First Home… Read More »First Homes Scheme

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 extended. 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 30th of June 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 letting… Read More »Stamp duty holidays