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Research reveals few home owners really understand mortgage rates
Just one in four home owners in the UK with a mortgage understand how cuts to the Bank of England’s base rate could affect their mortgage payments, according to new research. In August the Bank of England made the first adjustment to the rate in over seven years, cutting it from 0.5% to 0.25% and […] The post Research reveals few home owners really understand mortgage rates appeared first on PropertyWire . Continue reading →
Most people helped onto housing ladder by UK govt schemes are first time buyers
The majority of those helped by the UK Government’s flagship Help to Buy schemes have been first time buyers, the latest statistics show. When they were first launched there were warnings that they would be used by people who didn’t really need help to buy a home and not the first time buyers they were […] The post Most people helped onto housing ladder by UK govt schemes are first time buyers appeared first on PropertyWire . Continue reading →
Research suggests home owners don’t know enough about their mortgage rate
UK mortgage borrowers are generally oblivious to size of their debt with three in five having no idea of the remaining loan balance on their home, new research has found. Just 40% of mortgage borrowers are satisfied they know what’s left to pay on their loan and only a third think it’s important to consider […] The post Research suggests home owners don’t know enough about their mortgage rate appeared first on PropertyWire . Continue reading →