Help to Buy scheme unavailable to second owners

House front in scaffoldsThe Chancellor, George Osborne, has revealed the second stage of the Help to Buy scheme will be unavailable to second owners. George Osborne has also called a meeting of house builders and lenders, to discuss the finer details before the second phase of the scheme is launched. The first part of the Help to Buy scheme, which helped those people wanting to buy new-build properties by giving them equity loans, was launched shortly after the last Budget. The second phase will kick in at the beginning of 2014 ...

The financial lessons we’ve learnt in 2012

The financial lessons we’ve learnt in 20122012 has been an interesting year. We’ve been in and out of recession, interest rates look as though they are permanently set at 0.50%, billions more has been pumped into the economy and we’ve had more changes to pension legislation, but what have we learned in 2012? We asked the Investment Sense team, here’s what they had to say:  ...

Housing & mortgage round up: Life gets harder for first time buyers, whilst sellers reduce asking prices

Housing & mortgage round upA glut of stories this week emphasising how hard it is for would-be house buyers, especially first time buyers, to get on the housing ladder. House prices are rising faster than wages, new house building is falling and rents are rising, all making it harder for first time buyers. Whilst at the same time sellers are having to reduce asking prices by record amounts....

6 tips for buy to let investors

The rental market is booming. Tight mortgage lending criteria is making it harder for house buyers to get a mortgage and saving the deposit required by most first time buyers these days is tougher than it’s ever been. As a result the buy to let market has seen something of resurgence, monthly rents are rising and in many areas the demand for rental property is outstripping supply. Lower property prices have also tempted many would be landlords to dip their toe into this market, and those with existing portfolios are looking to expand. We thought we’d use our experience in this market to ...