Homing in on the mortgage challenges facing gig workers

Homing in on the mortgage challenges facing gig workers

76% of UK gig workers face mortgage and loan application rejections despite good credit  Traditional credit systems don’t reflect gig workers’ multiple income sources  Expert guidance helps gig workers improve mortgage approval odds by validating diverse income  Variable income streams. Multiple employers. Seasonal side hustles. This is business as usual for gig economy workers, freelancers […]

Demand for second homes falls: what does it mean for local buyers and sellers? 

Demand for second homes falls: what does it mean for local buyers and sellers? 

Council Tax hikes on second homes are triggering a surge in holiday property sales  In popular holiday destinations the number of properties being listed for sale has increased over 40%  This shift in property ownership has the potential to impact entire communities   From country cottages to seaside retreats, the second home market is facing challenges. […]

Mortgage overpayments: small sums add up

Mortgage overpayments: small sums add up

A third of homeowners are currently making overpayments on their mortgage  40% of homeowners don’t have the confidence to overpay their mortgage  Most lenders allow you to make overpayments of up to 10% of your mortgage balance each year without incurring any penalties  UK homeowners could collectively save £2.3bn on mortgage interest each year by […]

In the News – Home Finance 

A dressing room can boost your home’s value by up to £40,000  Over 65’s hold £2.9trn in mortgage-free property wealth in the UK  House purchases now take 124 days on average – 41% longer than expected  Dressing rooms – the new must-have  Once seen as a luxury, dressing rooms are gaining popularity among everyday homeowners […]

Home insurance premiums and claims increase

UK combined home insurance premiums rose 8.5% to an average of £231 according to recent data  Material shortages, labour expenses and inflation rates have driving up repair and rebuild costs  Make sure you don’t invalidate your insurance by leaving a spare key where it can be easily found  Extreme weather conditions. Rising construction costs. Higher […]

Summer housing market update – records, challenges and changing trends

Average asking prices hit record highs, but growth is slowing, as analysts suggest we’re in a buyers market  Moving costs have risen sharply across the UK due to changes in tax and associated fees  First-time buyers see improved affordability supported by flexible mortgage products  As summer begins, the housing and mortgage markets are experiencing a […]

UK cities see strong property market growth

For Sale estate agent sign displayed outside a terraced house in Crouch End, London

The UK property market experienced a boost in 2024, with nearly 50% of homes listed receiving offers or selling  Cities like Sunderland, Leicester, and Liverpool saw notable increases in buyer activity, while London’s growth was subdued  Rising buyer confidence, stabilising mortgage rates and positive market conditions are expected to keep demand strong   The UK property […]

Home Finance – In the news

Love, kitchen and senior couple relax with cup of coffee, tea or hot drink while bonding and connect at home. Family, peace and elderly man and woman enjoy quality time, retirement and life together

Older borrowers are increasingly taking out ultra-long mortgages, with a 156% rise in the last five years  Half of UK homes saw price increases in 2024, there’s a clear north-south divide in property values  Rent costs for tenants under 45 hit a record £56.2bn due to rising mortgage rates  Retiring with a mortgage  With a […]

Why life insurance matters 

50% of salaried employees and 33% of non-salaried workers lack life insurance  Life insurance covers expenses like mortgages, bills and education costs should the worse happen  Policies can start as low as a few pounds a month, offering affordable protection and peace of mind  Taking out life insurance is a crucial step in protecting what […]

Flooding puts 6.3 million homes at risk

Flooding puts 6.3 million homes at risk

6.3 million homes face flooding threats, but the dangers are expected to rise significantly due to climate change  4.6 million properties are at risk of surface water flooding, a 43% increase since 2018  Taking proactive steps, including insurance, is key to protecting against flood damage  A recent report from the Environment Agency has revealed that […]