The government’s 5% Deposit Mortgage Scheme, which was announced in the Spring Budget, is now underway, helping first-time buyers onto the property ladder. How will the 5% Deposit Mortgage Scheme Work? It is designed to help people buy a home despite struggling to put down a deposit. The lower required deposit will help people in…Continue reading
Tag: deposit
Millennials Mistaken About How Much Inheritance They’ll Receive
New research reveals that millennials appear to be massively incorrect about when they’ll receive inheritance from their parents and how much it’ll be. Millennials are people who were born between 1981 and 1996. Charles Stanley, investment management firm, conducted the survey of around 1000 UK millennials and 1000 parents. It gives us insights into what millennials…Continue reading
Rise In Interest Rates Hits Young Homebuyers Hard
Interest rates are rising in the UK, adding to the financial burden of young homebuyers. The situation has been driven by house prices rising much faster than the salaries of first-time buyers, forcing many of them to take on increasingly large amounts of debt in order to own their own home. Indicators suggest that interest…Continue reading