Shared Ownership

What is Shared Ownership? This is a scheme available for first time buyers, people who have owned before but are unable to buy now, and current shared ownership participants. It enables these people to purchase a share in a property – between 25% and 75% of the property value – and pay rent on the remaining share. Participants can then …

What does the mortgage guarantee scheme mean to you

On the 3rd of March, Rishi Sunak, announced the Government’s annual budget in Parliament. The announcement outlined the financial changes that will be made in the months ahead. During the announcement, Sunak confirmed the Government will be supporting buyers by providing a Government guarantee to support 95% LTV mortgages, which he claims have virtually disappeared. This means that home buyers …

Remortgaging During The Current Pandemic, What Should You consider?

The ongoing pandemic, numerous lockdowns, Brexit, job insecurity and ever-changing Government guidance has caused a lot of homeowners to apply an extra level of caution when considering their mortgage options. There are an array of reasons why people choose to remortgage, from home improvements to debt consolidation, and this past year has proved difficult for many to achieve their goals. Due to …

The Impact On The Housing Market Due To COVID-19

The housing market saw a decrease in house purchases as the pandemic restrictions took full effect in April and May last year.  Lenders started to implement a firm risk-based approach to lending, with most lenders restricting lending to a maximum Loan to Value. This change to policy had a detrimental effect amongst a lot of buyers, particularly those with deposits …

Help to Buy Scheme 2021

Since the Help to Buy scheme was introduced in 2013, more than 270,000 buyers have used it to buy their homes. In 2018 the scheme accounted for over 60% of all new home purchases. The scheme will become more restricted over the next few years, and stop altogether in March 2023, unless the Government decides to extend it.  Homes England …

What is the impact of Covid-19 on freelancers and contractors?

The pandemic has shone a light on the difficulties faced by contractors and freelancers who are not entitled to employed based benefits. Contractors and freelancers across all industries have all felt an impact due to the pandemic, whether it is on the way they work or on their income. In the second quarter of 2020 it was recorded that freelances …

What is IR35 and what do you need to do?

As if you don’t have enough to worry about, IR35 comes along and adds to the load. Don’t worry though, we are here to help. Being a self-employed contractor or freelancer, IR35 is something that definitely affects you and it can be overly complicated for no reason.  In this article we are going to break down what IR35 is exactly, …

Buy to Let Properties: Personal vs Limited Company

With savings rates plateauing at a low ebb, investing in property continues to be a more desirable, more yielding choice.  There’s a lot to consider when purchasing a Buy-to-Let property: What sort of tenants do you want to have? Will you manage the property, or will you recruit a letting agent? Will you be able to secure a buy-to-let mortgage? …

Now is the time for First Time Buyers

‘Generation Rent’ is a term you may well be familiar with by now. With the average first time buyer now being in their early thirties, it certainly seems that more and more people are struggling to get onto the property ladder, and instead are living with their family or renting for longer. Staying at home with Mum & Dad or …

Should I wait for Brexit to buy a house?

At least once a day I am asked this question by clients and I don’t blame them for it. Brexit is a confusing political mess that has made everyone, including the government, uncertain of what will happen in October. You can go to ten different sources quoting experts and you’ll read ten separate opinions. Nobody can be certain what will …