Month: December 2021

A third of first-time buyers accepted for mortgage on first try

Written by: Anna Sagar 13/12/2021 Just over a third (35%) of first-time buyers are accepted for a mortgage on their first try, down from about half (48%) in March last year before the pandemic. According to Aldermore’s first-time buyer index, a survey of 2,015 prospective first-time buyers, about 45% of prospective first-time buyers were rejected [...]

How the interest rate rise affects you

Everyone in the UK will be affected by rising prices - from a higher gas bill, to harder choices during the grocery shop. The idea of raising interest rates is to keep those current and predicted price rises, measured by the rate of inflation, under control. That is exactly what policymakers at the Bank of [...]

Personal and family protection

First-time buyers still facing significant deposit barrier

It's getting tougher for aspiring homebuyers as house prices rise faster than wages Raising a deposit is still proving a huge barrier to aspiring homeowners, said Nationwide. It found that high house prices relative to average earnings mean first-time buyers struggle to raise a decent-sized deposit for a home. In the third quarter of this [...]

More than 17 million have used buy now, pay later services

More than 17 million UK customers have now used a buy now pay later (BNPL) company to make an online purchase, company data shows. The payment method is also set to have its biggest Christmas yet, experts say. BNPL firms allow people to manage their shopping, either by postponing their bill for a short while, [...]

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