As expected, post-election predictions provided a focus for this weekend’s financial press, as industry experts looked towards the next 5 years. The Sunday Telegraph reported on pledges made by the Conservatives during their campaign, including doubling the number of First Time Buyers over the next parliamentary term by extending the Help to Buy scheme, and building 200,000 discounted starter homes.
The Sunday Express claimed that a majority vote means that buyers and sellers alike can now plan for the future with more confidence – and in particular those who had stalled in the face of a potential mansion tax. With experts predicting a boom in house prices however, the Financial Times looked at the impact this could have on shared ownership homeowners hoping to increase the stake in their property.
The Times and the Independent both covered the recent launch of competitive 10 year fixed rates, as the threat of a base rate rise draws closer. Brokers suggested that an increase is unlikely to happen until next year, allowing lenders time to offer some outstanding deals in the meantime, and giving borrowers the opportunity to protect themselves in the long term.
Elsewhere, brokers in the Independent on Sunday discussed the difference in rates between different Loan-to-Value brackets, while the Mail on Sunday highlighted the advantages of overpaying on a mortgage while rates are so low.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE