Rate of flux: How will this mortgage chaos affect you? We’ve come a long way from the beginning of the year. On Tuesday 27th September, lenders left, right and centre started pulling and repricing products, leaving borrowers scrabbling to cushion themselves from the blow. What does the market’s volatility mean for landlords, first-time buyers, or …
According to figures from Halifax, a home in Britain now costs seven times the average UK annual earnings, stretching housing affordability further towards breaking point. Property prices have risen by 16.8%, while average incomes have only increased by 2.7% since the start of the pandemic, according to the bank. At the start of 2020: Average …
Intense competition within the UK property market has meant there has been a significant increase in the demand for bridging finance. As UK home buyers try to get an edge over their rivals, the demand for bridging loans has soared. The stamp duty holiday meant £171.69m more bridging loans were granted in 2021 than in …
The struggle to climb the housing ladder is real. Millennials have been labeled ‘Generation Rent’ as recent figures claim up to a third of these young buyers have no other option than to rent a home. Their parents were lucky when it came to property wealth, as 50% of UK Baby Boomers (born between 1946 …
We’ve covered before how difficult it is for single people to get on the property ladder alone, thanks to the ever-increasing cost of houses and the rising percentage of our wages that we spend on rent. It seems like all single people can do is give up avocado toast and save every penny they can …
Don’t overthink it From the initial consultation all the way to mortgage approval, Mashroom Mortgages will be there to provide support and act as your go-to. We get it — buying a home, whether your first or your tenth, can be stressful and you may be worried that it will be an entirely digital experience …
While there are loads of great reasons to buy a new-build home, getting a mortgage sorted can be more complicated than with an older property. If you’re thinking of buying a new-build, but aren’t sure where to start with the mortgage, this guide is for you. What is a new-build home? Let’s rewind a bit …
Recently, we looked at chain-free buying and what it means for homeowners. However, there is another term you might come across and not instantly recognise: no onward chain. If you’re not familiar with the world of buying a property without a chain, these terms can add more confusion – especially when there isn’t much readily …
What are mortgage calculators? A mortgage calculator is often the first step on your journey to owning a property – whether that be your first home or your next buy-to-let. It’s a tool that gives you an idea of how much you can borrow and the type of deals currently available to you, based on: …
Choosing a mortgage for a new home is one of the biggest financial decisions you will ever make. Therefore, it is really important to get it right! A good way to double check your decisions is to get a mortgage advisor… but what exactly does a mortgage advisor do? If this is the question on …
