MortgageBud Blogs

Published 10/07/2020

Chancellor Rishi Sunak recently announced an immediate scrapping of stamp duty for properties under £500,000. This is said to benefit 9 out of 10 house-buyers, saving £4500 on the average purchase price.

Sunak announced these measures as a part of his recent mini-budget aimed at negating the economic impact of COVID. The decision to scrap stamp duty is designed to encourage property buying, as transactions decreased by 50% in May, and we saw the first decline in house prices in 8 years.

But, what does this mean for you? This article discusses what stamp duty is, and how this cut in stamp duty will affect first time buyers, remortgaging, second homes, and buy-to-lets... Read More.

Published 07/07/2020

Looking to buy your first home in Scotland? This guide outlines the process and provides some tips and tricks to make your application seamless.

There’s no denying buying your first process is exciting, but it can also be daunting and complex. At the end of the day, it is likely the largest purchase you’ll ever make, so it’s worth conducting due diligence to make sure you get it right.

The good news is that a new Government scheme means that first time buyers can secure a mortgage with only a 5% deposit, meaning it is a great time to buy your first home in Scotland... Read More.

Published 01/06/2020

Loan-to-Value? Variable Interest Rates? LIBOR? If you're struggling with the jargon that comes with applying for a mortgage, this is the place for you. Here we define all the mortgage terms that you need to know... Read More.

Published 20/05/2020

When looking for your first mortgage, there is lots of jargon and misconceptions floating around that you need to navigate. Here, we dispel the most common mortgage myths... Read More.

Published 01/05/2020

Learn about everything you need in order to apply for a mortgage successfully. This article discusses credit scores, savings, budgets and much more... Read More.