During the 2021 Budget on 3 March 2021, Chancellor Rishi Sunak announced that new 95% mortgages will be introduced in order to allow first-time buyers to get on the property ladder with as little as a 5% deposit. In his speech, Sunak said: “[It is] a policy that gives people who can’t afford a big deposit the chance to buy their own home.” This will make a substantial difference particularly to those living in more expensive areas, such as London. For those in the capital, it is notoriously difficult to get on the property ladder as price houses are so high. Read more about the policy from The Guild of Property Professionals here and if you are looking to find a new home and make the most of the 95% mortgage scheme, get in touch so that we can help with your property journey.
To put it simply, buying a home often boils down to the price. There are a few ways you can quickly identify properties which are overpriced, and this knowledge will put you in a better position when you are looking to buy. It could be a refreshing change to find that a property you love is actually overpriced, and not just completely out of your budget. Read more here to discover how to spot an overpriced house.
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