Author: Debbie Boyes

Debbie Boyes, Director at Willowlace Ltd Professional Mortgage Advisors says “Before making any decision, getting clear advice from an Accountant about the pros and cons is an obviously good place to start.” “But by adding one of our really experienced Buy to Let Mortgage Advisors to your Professional Advisory Team we can help your Accountant … Continue reading 23 Aug 2022 – Should I buy my next Buy to Let in a Limited Company?

The latest provisional non-seasonally adjusted estimate of UK residential transactions in April 2022 is 97,970, 13.9% lower than April 2021 and 10.5% lower than March 2022. Debbie Boyes from Willowlace Ltd, Mortgage Brokers says “We should take note of Milton Friedman’s statement that “Statistics do not speak for themselves” when looking at this data. Whilst … Continue reading 28 Jul 2022 – Statistics do not speak for themselves

At the beginning of July, Zoopla released its analysis of the May 2022 UK House Price Index, showing a year on year increase of 8.4%, with our local area in Bournemouth showing this to be 10.2%. The analysis also shows that the average value of a house now stands at £251,550, that demand is beginning … Continue reading 01 Jul 2022 – UK House Prices Update 1st July 2022

The Help to Buy Scheme will end in March 2023, and this has been widely expected. However, the Government’s recent announcement that the deadline for applying for this scheme ends at 6pm on 31st October 2022 has been more surprising, particularly as there seems to be no scheme in the pipeline for replacing Help to … Continue reading 01 Jun 2022 – Help To Buy – Deadline for Application 31st October 2022

We are starting to see Lenders looking to support Landlords with properties which reach a “C” or above on their Energy Performance Certificates. We are starting to see some Lenders offer, for example, slightly cheaper rates of interest and discounts on their Arrangement Fees. Debbie Boyes, Director of Willowlace Ltd Mortgage Brokers, says “Whilst we … Continue reading 02 May 2022 – Lenders Beginning To Support Landlords with Better Energy Performance Certificates (EPC)

According to The Building Societies Association, both lending and approvals were higher in January-March 2022 than they were in October-December 2021, immediately after Stamp Duty was reimposed.

According to The Halifax, the number of First Time Buyers who purchased in 2021 reached 409,370, up 35% on 2020 and representing a record rate of rise. The Average Buyer was 32 years old, paid £264,140 for their first home, putting down a £53,935 deposit. The average price to earnings ratio now stands at 6.9x! … Continue reading 01 Feb 2022 – First Time Buyer Statistics 2021

Designed to support a new generation in realising the dream of home ownership, the Scheme was launched on 1st April 2021, the new scheme should increase the availability of 95% loan-to-value (LTV) mortgage products, with the Government providing an element Guarantee to the Lenders. We know how difficult it is to save for a deposit … Continue reading 14 May 2021 – 95% Mortgage Guarantee Scheme (1st April 2021-31st December 2022)

“Despite changes to the taxation of rental income, we are still finding that Landlords seem undeterred!” Debbie, Director at Willowlace Ltd says. “There is still a lot of misinformation about the new taxation rules where many landlords believe, incorrectly, that they will lose all of their tax relief on the mortgage interest. Particularly for Self … Continue reading 13 Nov 2020 – Buy to Let Market Still Active

Debbie Boyes, Director at Willowlace Ltd says “We have seen First Time Buyers fuel the housing market for around 10 years, but we are starting to see a shift to existing Homeowners moving home.” “With the Covid 19 Pandemic and more people working from home and spending less time on holiday and socialising with friends, … Continue reading 07 Oct 2020 – THE RACE TO SPACE (and far closer than the moon this time)