Tenants win more in deposit disputes than landlords: Make sure you get yours back with these tips

Tenants locked in deposit feuds have been awarded 50 per cent more money back than their landlords when disputes go to adjudication. Roughly one in every 30 tenancy deposits are disputed according to the Deposit Protection Service – one of the three Government-backed schemes for England and Wales. Since the start of 2018, 66,768 tenancy … Read more

Fury as plastic bottle deposit scheme is delayed for three years

They’ve bottled out: Fury as plastic bottle deposit scheme is delayed for three years as ministers lay blame on Covid pandemic Deposit return scheme to encourage bottle recycling was put back until 2024  Government said plans would go ahead but it would consult ‘continued appetite’ Ministers claim delay is due to Covid but it has dismayed … Read more

UK first-time homebuyers need £59k deposit – up £12k on a year ago – study finds

First-time buyers need average deposit of nearly £59,000, which is £12,000 more than a year ago, study finds First time buyers need £12,000 more for a deposit than this time last year Halifax study found deposit requirement increased in every region of the UK Wales was found to have most significant increase with average amount increasing … Read more

UK first-time homebuyers need £59k deposit – up £12k on a year ago – study finds

First-time buyers need average deposit of nearly £59,000, which is £12,000 more than a year ago, study finds First time buyers need £12,000 more for a deposit than this time last year Halifax study found deposit requirement increased in every region of the UK Wales was found to have most significant increase with average amount increasing … Read more

5% deposit mortgages are back from Yorkshire Building Society

Yorkshire Building Society has become the first lender to bring a range of mortgages with 5 per cent deposits back to the market, potentially heralding a price war that could benefit first-time buyers. Accord Mortgages, the intermediary arm of the building society, is launching the mortgages tomorrow with a five-year fixed rate of 3.99 per … Read more

New 5% deposit mortgages: Which lenders will offer them and when can I get one? 

The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000.  The scheme will begin in April … Read more

How will a government-backed 5% deposit mortgage work?

Aspiring first-time home buyers will be listening keenly to the Budget this week with Chancellor Rishi Sunak expected to announce Government-backed mortgages with deposits of just five per cent. The Government is set to guarantee the loans, enabling lenders to offer mortgages worth 95 per cent of the purchase price on properties worth up to … Read more

Low deposit holidays for the end of lockdown, from from New York breaks to villa stays in Spain

Get on a flexible road to freedom: The low-deposit summer holidays with rock-bottom prices you can change if things go wrong, from New York breaks to villa stays in Spain A £75 deposit secures a three-night New York break with flights in the autumn Pay £137pp now to reserve a stunning villa amidst the rolling hills … Read more

Help with the rental deposit: How these alternative companies work

While the pandemic has been tough time for many, young, single renters have been hit particularly badly.  They are more likely to be employed in struggling industries such as retail and hospitality, and to have less secure jobs overall. Having not accrued the years of service to require a big pay-off, they are also cheaper … Read more

Best 10% deposit mortgages: What are the top rates for first-time buyers?

Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more