The government’s Your First Home scheme will only have half the impact of Help to Buy because of income and local house price caps, Zoopla has warned. Chancellor John Healey revealed further details of the scheme in his Budget today. Income caps will be set… The post Your First Home ‘to have half the impact of Help to Buy’ appeared first on Mortgage Strategy.
The Office for Budget Responsibility (OBR) has forecast that the average mortgage interest rate will rise from 4% in 2026 to around 5% by 2031, as borrowers refinance onto higher rates. Meanwhile, mortgage repayments are expected to reach 4.25% of household disposable income by 2031,… The post Mortgage payments as proportion of disposable income to hit highest level since 2009 – OBR appeared first on Mortgage Strategy.
Landlords will pay 4% extra income tax on rental income from 2027, according to chancellor John Healey in his Autumn Budget today. A 2% hike was already in place thanks to former chancellor Rachel Reeves, and Healey today added an additional 2% increase. The changes… The post Autumn Budget 2026: Landlords hit by 4% income tax hike from 2027 appeared first on Mortgage Strategy.
Chancellor John Healey confirmed the government’s backing for those looking to save a deposit for their first home, via the new First Time Buyer ISA from April 2029. The product will retain the generosity of the Lifetime ISA, allowing contributions of up to £4,000 a… The post Autumn Budget 2026: Healey backs FTBs with new ISA plan appeared first on Mortgage Strategy.
Foundation has refreshed its product transfer products across both buy-to-let (BTL) and residential ranges. The changes include selected reductions on BTL product transfers by up to 0.30% across F2 five-year fixed MPOTs and F3 two-year fixed products. The lender will also introduce two- and five-year… The post Foundation, Newcastle and Leeds make product changes appeared first on Mortgage Strategy.
