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Belmont House, Stonehaven

It is rare in a small town like Stonehaven to have an opportunity to purchase a larger property, especially within the original town area. There are plenty further outside of the town, so Belmont House is a rare opportunity to purchase such a substantial property in this particular location.

Have lenders stopped using the interest stress test?

From the 1st of August 2022 lenders were able to stop stress testing mortgages. An affordability test that was introduced in 2014 to ensure borrowers could still cope with an interest rate shock. Although we are only 3 weeks on have any lenders dropped the test?

Pladda Island for sale

Pladda Island is available for purchase by auction. At offers in excess of £350k, it will offer a few challenges to anyone considering living there but what a spectacular opportunity. Situated to the South of Arran it offers 28 acres of space as well as a lighthouse and helipad.

Mortgage arrears drop by 10%

UK Finance has reported that the number of customers with mortgage arrears has dropped 10% year on year. The only area that was up was the early arrears customers by 1%.

DWP - Changes to Universal Credit

From September 2022 changes to Universal Credit are being introduced. It is expected over 100,000 claimants will start being pressured into getting a job or even one that pays more to avoid work reviews.

Is Purplebricks in trouble? Probably

Purplebricks is an online estate agent. They have full UK coverage and do well in terms of property sold but the issue is that they are simply too cheap! Yes you heard that right. 2021 accounts reveal a reduction in revenue of £20m with overall losses for the year at £42m.