BUDGET REPORT; The chancellor’s Help to Buy Scheme can certainly be commended for aiming to tackle housing problems at every step of the housing ladder. However, it is apparent that the chancellor has taken a short sighted approach to the market’s difficulties instead of tackling the real issues present. Continue reading →

The mortgage market has seen some innovative products appearing to assist first time buyers on to the property ladder. Both Bath Building Society and Barclays now offer products requiring a minimal or no deposit from the first time buyer. Such products will suit parents who want to help their child on to the property ladder but may not necessarily have the spare funds to provide a deposit. Continue reading →

The Council of Mortgage Lenders has reported a fall in the number of repossessions seen for the last quarter although the number of households in serious mortgage arrears has risen. Serious arrears are classed as those behind by more than 10% of their mortgage balance. Continue reading →