New Five-Year Fixed Mortgage Lets Renters Jump on Property Ladder
A slick new five-year fixed rate mortgage is making waves by helping renters turn homeowners – no massive deposits or guarantors needed.
To snag this deal, applicants must prove they’ve paid rent reliably for at least a year and pass affordability and credit checks. It’s a smart solution designed to open doors for tenants who struggle with traditional mortgage hurdles.
UK House Prices Take a Small Dip But Remain Sky High
April saw average UK house prices drop by 0.3%—about £995 less. Despite this dip, prices are still £28,000 higher than they were two years ago.
Experts at Halifax warn that with rising interest rates and living costs, house prices could face more downward pressure throughout the year. But the market is showing signs of stabilising, and there’s a slight uptick in homes hitting the market.
