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Mortgages

Navigate the world of home ownership with the Mortgages section of Finance Monthly. This segment offers expert advice and the latest information on mortgage options, rates, and trends. Whether you're a first-time buyer, looking to refinance, or exploring investment properties, our resources provide valuable insights to help you make informed decisions.

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From understanding mortgage terms to tips on securing the best rates, we're here to guide you through the process of financing your home, simplifying complex concepts and helping you achieve your property dreams.
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Will Building 1.5m more houses really solve the housing crisis?

1st August 2024
  The plan Labour are going full steam ahead with their planning for 1.5million more houses to be built before the next election. The plan feeds into their aim for growth in Britain and kickstarting the economy with more people able to get onto the property market, more jobs for those involved in the process […]
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A Guide for Utilizing a Mortgage Loan for Your Tall House Purchase

23rd July 2024
Buying a house can be thrilling but also a bit scary, especially if you're eyeing a tall or large home. These properties can be pricey and might seem out of reach. But don't worry-mortgage loans can help make your dream home a reality! A mortgage loan lets you borrow money to buy a house and […]
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Understanding Appraisals: A Key Step in a Successful Mortgage Process

19th July 2024
An appraisal plays a key part in any mortgage loan or refinance process. It acts as a check-in on your home’s value and helps the lender determine what kind of loan they can offer, as well as how much risk they’re willing to take on when determining whether to approve you for a home loan. […]
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What a Labour Government means for the housing market

8th July 2024
With the elections result naming Labour as the winners we now wait for the action they promised to be delivered. Labour promises for home owners and renters will be watched to see which ones come through to help those getting onto the property market. Their Promises for the housing market They have promised to begin […]
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3 banks lower their home loan costs

27th June 2024
With the recent news that inflation has fallen to 2% meeting the bank of England’s targets there was speculation of mortgage rates falling. However, the Bank of England has kept their base rate at 5.25% at their June review. The next review will on the 1 August where there is still hope for a lower […]
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7 statistics about first time home buyers!

24th June 2024
We know first time buyers are fighting against the cost of living to try to get on to the property market and own their first home. This is causing the age of first time buyers to increase with the average age now being 33-34 across the UK.   Uswitch have recorded data surrounding first time […]
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6 questions to ask at a house viewing

20th June 2024
When you are going to view a house it's important to go with questions in mind so you get all the information you can. This is a big decision so make sure you get both sides. The real estate agent may not give you the whole truth about everything, they are trying to sell it […]
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How the Election could affect mortgage rates

17th June 2024
Mortgage rates are not directly set by the government but rather by lenders influenced from factors such as the Bank of England base rate of interest and general Inflation. Events such as elections can impact interest rates due to the uncertainty. Data from Mojo Mortgages helps us to understand the changes in mortgage rates since […]
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The average age of first time home buyers is increasing

14th June 2024
We know that the property market is incredibly difficult to get on to with higher mortgage rates and struggling to save enough for high deposits. The age for first time home buyers is increasing and people are having to wait longer and spend longer saving and scraping before they can afford to buy their own […]
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What is Stamp Duty and how much do I pay?

12th June 2024
When you buy a residential property such as a new home you will have to pay stamp duty, a tax to transfer the ownership of the property. Stamp duty is another part of buying a house you need to be aware of and make sure you know how much you have to pay.   How […]
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What happened to the Renters' Reform Bill and will the general election change anything?

6th June 2024
The Renters’ Reform Bill has been seen by many as a silver bullet to rebalance the relationship between renters and landlords, but it will not be rubber stamped before the general election on 4 July. Last month before the surprise announcement of the election the bill reached the House of Lords, but later it was […]
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House prices reach record high in spring sales boost

30th May 2024
The average asking price for a house in the UK has reached a record high in May according to online property portal Rightmove. House prices have reached £375,131 as national average for this month, compared to the £372,324 average that was found for April. It’s not unusual for prices to climb upwards during the spring […]
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About Finance Monthly

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.

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