What are first-time buyers up to?

May 12, 2021

Enable’s mortgage brokers in Bishop’s Stortford are always keen to support first-time buyers to get onto the property ladder. But "If first-time buyers are still hoping to get on the property ladder in 2021, they should be getting their ducks in a row now to avoid being further priced out later in the year." according to new research from Yopa. In response to the pandemic and the pressures ... more >

High house prices according to the Halifax

May 10, 2021

Enable’s mortgage brokers in Bishop’s Stortford always follow the Halifax figures when it comes to house prices. The latest figures from the Halifax show that the average house price grew to £258,204 in April. Amazingly in this current climate, this new average house price indicates an annual change of 8.2% in the upward direction. And that makes it the highest annual growth rate in five y... more >

Are you a landlord looking to buy?

May 4, 2021

Enable’s mortgage brokers in Bishop’s Stortford note with interest that according to Paragon “the number of landlords looking to expand their portfolios is higher than the percentage who are looking to scale back for the first time in four years.” They recently surveyed 900 landlords and found that 19% of landlords are looking to add to their portfolio in the next year, while 17% are pl... more >

Self-build mortgages – new products on the market

May 1, 2021

Enable’s mortgage brokers in Bishop’s Stortford know that many are drawn to the self-build dream. It is easy to fantasise about planning and building yourself your dream home but who is really up for it? If you are Saffron Building Society has launched two new large loan self-build products that can maybe deliver the mortgage to service your self-build dream. Recently, the Government launch... more >

What’s Covid done to the bank of Mum and Dad?

April 29, 2021

Enable’s mortgage brokers in Bishop’s Stortford can see that Covid has had an enormous impact on first-time buyers.  A recent report indicated that the Mum and Dad has become more of a necessity, rather than just a helping hand to help get young people in the family onto the housing ladder. The research conducted by Aldermore says “the Covid-19 pandemic bringing greater barriers, includi... more >

Never switched your mortgage?

April 27, 2021

Enable’s mortgage brokers in Bishop’s Stortford noted recently that according to a new survey  “more than one in seven mortgage holders (15%) have never switched mortgages”. It makes sense that some of the youngest homeowners, first-time buyers who are relatively new to owning property would not have switched mortgages. But interestingly enough the largest group not to have switched mo... more >

95%+ mortgage guarantee scheme for you?

April 23, 2021

Enable’s mortgage brokers in Bishop’s Stortford are happy to help you look at whether a 95%+ mortgage guarantee scheme is for you? The scheme is aimed at getting the first-time buyers area of the housing market back on track. Without a number of first-time buyers in the system, sellers only have one option at the lower end of the market and that is to sell to landlords.  In response to thi... more >

Fixing fixed rates?

April 21, 2021

Enable’s mortgage brokers in Bishop’s Stortford like to keep an eye on fixed rates for all mortgages. It is interesting to see that the average two-, three-, five- and 10-year fixed rates, according to Moneyfacts. For two-year fixes, there was significant movement at the 95 per cent LTV bracket where the average rate fell 8 basis points to go from 4.27 per cent to 4.19 per cent. Elsewhere, ... more >

House prices still rising?

April 14, 2021

Even in normal time predicting the direction of travel for house prices is tricky. Enable’s mortgage brokers in Bishop’s Stortford were interested to see that the average house price in the UK grew 1.1 per cent from February to March according to the latest Halifax house price index. It adds up to an annual rise of 6.5 per cent and brings the average house price in the UK up to £254,606. B... more >

Looking for the best fixed-rate mortgage?

April 12, 2021

Enable’s mortgage brokers in Bishop’s Stortford know that deciding whether or not to go for fixed-rate mortgages is a decision. Over the years many fixed-rate mortgages have become available and are a useful way of defining your outgoings for a number of years to provide stability. Recently it was interesting to see that Nationwide had reduced its rates on selected 10-year fixed-rate mortga... more >