Month: November 2021

Help to build

Help to Build scheme open to applications this winter

Written by: Samantha Partington 26/11/2021 Self-builders will be able to get a 20% interest-free equity loan alongside their deposit and mortgage Help to Build, the government’s latest equity loan scheme, has launched offering self and custom builders the opportunity to start their homebuilding project with a minimum of five per cent deposit. To apply, borrowers [...]
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news letter

Lilac Financial Newsletter November

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Buy to let

Buy to Let Mortgages advice you can depend on

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Insurance

Ceta urges brokers to check home working clients’ insurance

Property insurance platform Ceta Insurance has urged brokers to check in with their clients to make sure their insurance policies cover them if they are working from home. Ceta pointed Office of National Statistics (ONS) data that showed, the number of people working from home increased from 27% in 2019 to 37% in 2021. Additionally, [...]
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Mortgage

Majority of self-employed say it is harder to get a mortgage

Almost two-thirds of self-employed individuals believe it is more difficult for them to secure a mortgage, according to Foundation Home Loans. The research, carried out by BVA BDRC on behalf of Foundation, also showed that three out of five self-employed people believed some lenders do not want to deal with them. Of those interviewed, 100 [...]
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Remortgage

Remortgage completions up 108%

The volume of remortgage completions rose by 108% in September, according to the LMS Monthly Remortgage Snapshot. Instruction volumes also increased, rising by 50% over the same timeframe. The overall cancellation rate rose by 0.43% to 5% and pipeline cases increased by 7% in last month.  Purchase search volumes hit lowest level since May 2020 [...]
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Mortgage

Average house price tops £250k as interest rate rises loom

The average price of purchasing a home rose by 0.7% in October taking the average price of a property past the £250,000 mark for the first time ever, according to the latest house price figures from Nationwide. The average price of a property stood at £250,311 in October with prices up by 9.9% when compared [...]
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Mortgage

Warning that mortgage costs could rise 13% by 2023

Homeowners are being told to prepare for a 13% increase in their mortgage interest costs by 2023 as rates are forecast to rise to rein back inflation. Expectations for rising mortgage interest costs predicted by the Office for Budget Responsibility (OBR) were buried in the Budget documents. They show that the OBR expects mortgage interest [...]
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news letter

News letter

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