What the Housing Crisis Means for Today’s Youth

September 16th, 2014 HIP-Consultant.co.uk Posted in Mortgages, Property Market No Comments »

For today’s youth, owning a property is becoming increasingly tougher. According to housing charity Shelter, almost two million 20-34-year-olds are choosing to live at home with their parents as they cannot afford to rent or buy their own place, despite being in employment.

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Soaring family debt is ticking time bomb for UK economy

August 14th, 2014 HIP-Consultant.co.uk Posted in Mortgages, Property Market No Comments »

Re property: “If interest rates were to hit 3%, historically an abnormally low level, it could trigger a prolonged and socially damaging recession with collapsing house prices, rising property repossessions…”

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Getting a Mortgage for Your Home

September 9th, 2013 HIP-Consultant.co.uk Posted in Financial Products, Mortgages No Comments »

Thinking about getting a mortgage for your home can be a daunting experience, particularly if you’re a first-time buyer. Equally, these feelings of anxiety have only worsened as the economy has continued to struggle and many have become increasingly wary about their financial situations. But what is it that you should be looking out for in a mortgage and what’s the best way to go about getting the best mortgage deal available to you?

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Mortgage Options For When In Negative Equity

March 1st, 2013 HIP-Consultant.co.uk Posted in Mortgages No Comments »

Negative equity can be the scariest phrase to any individual, especially when he or she has a huge outstanding mortgage. So, what exactly constitutes negative equity? Negative equity is the condition where an individual’s home has a lower value when compared to the outstanding mortgage that they have left to address. It goes without saying that negative equity only holds good for those with ownership over property.

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Initial Costs to Plan for when Buying a New Home?

February 25th, 2013 HIP-Consultant.co.uk Posted in Mortgages, Property Market No Comments »

If you’re about to make one of the biggest investments of your life – buying a home – it is crucial that you have looked into every possible cost that you could be presented with. You may feel as though you can comfortably afford your mortgage, but have you taken into account all of those additional costs, such as stamp duty, solicitor fees and on-going monthly payments of various insurances?

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Financial Costs Involved when Moving Home

January 23rd, 2013 HIP-Consultant.co.uk Posted in Mortgages, Property Market 1 Comment »

If you’re about to buy a new home it is essential that you have assessed every aspect of the sale and the costs that will be involved with it. Regardless of whether you’ve moved home many times or this is your first time, checking off what costs you are going to meet is vital in ensuring you aren’t left out of pocket before you’ve even moved into your new home.

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10 ways you can help your child buy their first property

January 23rd, 2013 HIP-Consultant.co.uk Posted in Mortgages, Press Releases, Property Market No Comments »

Recent research by the Institute for Public Policy Research shows that most young people are suffering self-esteem issues from their inability to enter the housing market, their decisions in life about work, love and family are all being affected.

The fact is the many first time buyers are over 35 years old and over half of university graduates (53%) cannot afford to buy their own home.

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Downsizing? How to live large in a small space

December 11th, 2012 HIP-Consultant.co.uk Posted in Guest Articles, Mortgages 1 Comment »

Looking around my in-laws’ family home, it was hard to know where to start. Decisions as to whether to keep, throw or consign to storage had to be made on every single treasured item collected over the past forty years.

With three empty bedrooms and an unruly garden on their hands, their decision to downsize made perfect sense. Yet the reality of squeezing the contents of an entire family home into a lovely (but far smaller) bungalow was starting to hit.

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Learn more about Shared Ownership Schemes

August 18th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Developers, Property Market 1 Comment »

The government’s shared ownership scheme is in place for those who want to buy a property of their own, but just can’t afford to. In these schemes, people are offered the chance to buy a share of their home, paying rent on the share that is leftover.

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First-Time Buyers guide to HomeBuy Schemes

August 6th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market No Comments »

Looking to buy your first home can be one of the most exciting but most daunting experiences so far in your life. All this talk of deposits, mortgages and insurance can leave you feeling unsure, concerned and a bit like a fish out of water. That’s why it is vital that you understand each and every part of the house buying procedure so you don’t find yourself in financial difficulty further down the line.

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Lender Assisted Sales to Avoid Repossession

July 9th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market No Comments »

With a combination of falling house prices and rising unemployment, conditions are ripe for another sharp spike in repossessions. Only low interest rates are keeping repossessions in check at the moment but a rise of even a couple of percentage points, which is surely inevitable in order to control inflation, and a large number of families will begin to default on mortgage repayments. When they do, many will find they can’t sell their way out due to negative equity (they owe more on the property than it is worth).

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