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More than five million households are expected to face higher mortgage repayments by the end of 2028, according to the Bank of England. For homeowners approaching the end of a fixed deal, starting early could provide more time, more options and greater certainty.
The Government plans to replace the Lifetime ISA with a new savings account designed solely to help first-time buyers purchase a home. But several important details, including the bonus and property price limit, have yet to be decided.
Britain's latest heatwave has left many households struggling with sleepless nights, overheated bedrooms and homes that take hours to cool down. As periods of extreme heat become a more important consideration, buyers may need to think differently about what makes a property comfortable, efficient and affordable.
A mortgage can run for decades, but a household's income can change overnight. Illness, a serious diagnosis, redundancy and death create different financial problems, and no single insurance policy necessarily covers them all. All the information in this article is correct as of the date of this email. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information. This Newsletter is intended for the addressee only and should not be forwarded on. |