House prices to lift 1.7% in October?

September 21, 2021

Will House prices lift 1.7% in October? Enable’s IFAs in Bishops Stortford have seen the housing market shake off the end of the most generous part of the stamp duty holiday. But according to data from Reallymoving house prices are set to lift by 1.7% month-on-month in October. They propose that the rise in the values of new house deals agreed in July following the end of the relief indicates... more >

95% LTV mortgages?

September 15, 2021

In recent times Enable’s IFAs in Bishops Stortford have seen a huge appetite for high LTV mortgage, 90%B LTV mortgages have been very popular. But it would seem that the return of 95% LTV mortgages has not had such a big impact on buyers. According to online mortgage broker Trussle, only 1% of its mortgage completions were from 95% mortgages in July. There are currently 49 lenders offering 95... more >

Working a second job as a first-time buyer?

Enable’s IFAs in Bishops Stortford know that saving for a deposit as a first-time buyer is never easy. The current set of first-time buyers have been labeled the ‘bank of mum and dad generation. But some 64% of first-time buyers have a second source of income to help them save for a deposit suggests a new survey from Ipswich Building Society. The research reckons the earnings from this extr... more >

Remortgage rates cut by up to 42 basis points

September 12, 2021

Enable’s IFAs in Bishops Stortford are always keen to remind people to re-mortgage. Mortgage products change regularly and it is good to make sure you are on the best deal for you. Recently Halifax Intermediaries made cuts of up to 42 basis points across its fixed rate remortgage product range. This has meant that within its two-year fixed-rate suite, the most significant cut is the 85% LTV p... more >

Remortgages for key workers 

September 10, 2021

During the pandemic Enable’s IFAs in Bishops Stortford know how important supporting key workers have been. Recently Reliance Bank has revamped its key worker mortgage product range. It has done this by cutting rates, introducing cashback, and lifting its loan-to-value ratio for remortgages to 90% from 75%. Its key worker range includes a two-year fixed-rate mortgage at 3.65% at 95% LTV, with... more >

Equity release more than doubles in 2021

September 2, 2021

Enable’s IFAs in Bishops Stortford know what a useful tool equity release can be as part of the home-owning picture. It would seem that the over-55s who were keen to take advantage of the stamp duty holiday drove a 116% year-on-year increase in the number of people using equity release for property purchase” This research from more2life seems to indicate that the increase coincides with the... more >

Is self-building part of your home-owning dream?

August 31, 2021

Through lockdown, lots of us reconsidered our housing options. Enable’s IFAs in Bishops Stortford understand that for some self-building is part of their home-owning dream. According to a new report commissioned by the Prime Minister recently, self-builders could deliver 40,000 new homes a year. It would seem that the government is keen to encourage more people to commission, customise or bui... more >

Green mortgages for landlords

August 27, 2021

New mortgage products are always of interest ad Enable. Recently it it interesting to note that Foundation Home Loans has brought out a new green mortgage for landlords that offers a discount that progresses proportionally to a property’s energy efficiency. The mortgage product is called the ‘Green ABC’ and is available at up to 75% LTV on a two-year variable discount and charges a 2% pro... more >

House price rise – has your home grown in value?

August 25, 2021

It will come as no surprise that house prices are increasing. Enable’s IFAs in Bishops Stortford have been seeing house price rises all over the country. "One in five homes in the UK have risen in value by more than the equivalent of a years’ salary over the space of 12 months." says new research from Zoopla. Their data found that there are 4,635,000 private homes in the UK that rose in val... more >

First time buyer – what size deposit do you need?

August 20, 2021

There seems to be no end to the need for a large deposit as a first-time buyer. According to the latest English Housing Survey single, first-time buyers paid an average of £47,479 in deposits in 2019/20 in the year to March in comparison with joint first-time buyers who handed over £43,395 in deposits, in annual research published by the Ministry of Housing, Communities and Local Government. ... more >