Designed to support a new generation in realising the dream of home ownership, the Scheme was launched on 1st April 2021, the new scheme should increase the availability of 95% loan-to-value (LTV) mortgage products, with the Government providing an element Guarantee to the Lenders. We know how difficult it is to save for a deposit … Continue reading 14 May 2021 – 95% Mortgage Guarantee Scheme (1st April 2021-31st December 2022)
“Despite changes to the taxation of rental income, we are still finding that Landlords seem undeterred!” Debbie, Director at Willowlace Ltd says. “There is still a lot of misinformation about the new taxation rules where many landlords believe, incorrectly, that they will lose all of their tax relief on the mortgage interest. Particularly for Self … Continue reading 13 Nov 2020 – Buy to Let Market Still Active
Debbie Boyes, Director at Willowlace Ltd says “We have seen First Time Buyers fuel the housing market for around 10 years, but we are starting to see a shift to existing Homeowners moving home.” “With the Covid 19 Pandemic and more people working from home and spending less time on holiday and socialising with friends, … Continue reading 07 Oct 2020 – THE RACE TO SPACE (and far closer than the moon this time)
If you’ve not taken a mortgage payment holiday yet, you have until 31 October 2020 to apply for one. A payment holiday, or payment deferral as they are also called, is a period of time agreed with your lender, when you don’t have to make mortgage payments. A partial payment holiday is when your lender … Continue reading 25 Sep 2020 – Mortgage Payment holidays – Deadline is looming
House price growth rebounds in July as activity bounces back Annual house price growth recovers to 1.5% in July Prices up 1.7% month-on-month, after taking account of seasonal factors, reversing last month’s fall Stamp duty holiday likely to provide further support in the near term Headlines Commenting on the figures Robert Gardner, Nationwide’s Chief Economist, … Continue reading 01 Aug 2020 – House Price Growth Rebounds in July
The Chancellor Rishi Sunak today announced: “An immediate stamp duty holiday for homes sold for up to £500,000 in England and Northern Ireland, until 31 March 2021”. This is great news for the housing market. All buyers will benefit from this because the Stamp Duty Holiday is available on the first £500,000 for all values … Continue reading 08 Jul 2020 – Stamp Duty Holiday
’16 years of doing what we love and loving what we do’ Debbie Boyes
Great to see lenders adding 90% LTV’s back to their product ranges – Let’s get moving!
MORTGAGE PAYMENT HOLIDAYS TO BE EXTENDED According to reports in today’s press, Chancellor Rishi Sunak has recommended the extension of mortgage payment holidays. Debbie Boyes, Director of Willowlace Ltd says “According to the Guardian, more than 1.8 million mortgage payment holidays have already been taken up. However, the first of these are due to come … Continue reading 22 May 2020 – Mortgage Payment Holidays Extension
Whilst the property market saw a drop of 70% in demand for house purchases between 1st and 29th March, since then there has been a 30% increase in demand for sales and a 50% increase in browsing for new properties (according to Hometrack, 28th April 2020). Debbie Boyes, Director of Willowlace Ltd says “We expect … Continue reading 30 Apr 2020 – When you are ready to move home, Willowlace Ltd will be there to help with your mortgage!