Equity Release With the festive season behind us and families at the forefront of our minds (whether we’ve managed to see them in person or not), it seems like the perfect time to talk about the Bank of Grandma and
It is fairly common knowledge that the economy is in recession and the economic outlook in UK is uncertain. It may seem surprising, then, that both demand and house prices are rising. The stamp duty holiday introduced in July has certainly contributed to this and home movers, whose purchases tend to be more expensive, have benefitted most as first time buyers are exempt from stamp duty on purchases up to £300,000 in the majority of England currently.
It is also clear that the ongoing pandemic has resulted in many people rethinking how they live their lives and what they want from their homes; whether that’s more space for a home office or just to spend more time at home.
So, what’s the situation for home movers financing a move?
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