{"id":4195,"date":"2022-01-26T09:22:33","date_gmt":"2022-01-26T09:22:33","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=4195"},"modified":"2022-01-26T09:23:16","modified_gmt":"2022-01-26T09:23:16","slug":"home-finance-in-the-news-2","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/01\/26\/home-finance-in-the-news-2\/","title":{"rendered":"Home Finance &#8211; In the news"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>FTBs go mad for&nbsp;BoMaD<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Half of all first-time buyer (FTB) transactions in 2021 involved support from the Bank of Mum &amp; Dad (BoMaD)<sup>1<\/sup>, with \u00a39.8bn of&nbsp;BoMaD&nbsp;loans helping 169,000 FTBs onto the housing ladder. Analysts suggest the trend towards higher parental contributions could be here to stay given that Help to Buy is set to be withdrawn completely from March 2023 onwards.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>To haggle or not to haggle?<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>A new survey<sup>2<\/sup>&nbsp;has shown that six in ten UK homebuyers don\u2019t know when to negotiate during the house buying process, even though the same percentage say they feel confident doing so. In today\u2019s seller\u2019s market, negotiating can be a risk: 70% admit their biggest concern is losing the property or being outbid by another buyer.<strong>&nbsp;<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Unlucky for some<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Almost half of homeowners have never&nbsp;remortgaged&nbsp;their home<sup>3<\/sup>, despite a third knowing that&nbsp;remortgaging&nbsp;would probably save them money. Not considering other mortgage options, such as swapping a variable rate for a fixed term deal, can be costly; since the average Briton has held their mortgage for over 13 years, many will be missing out on better rates.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Savills, 2021&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>2<\/sup>Douglas &amp; Gordon, 2021&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>3<\/sup>Barclays, 2021&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments. Equity release may require a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.<\/strong>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>FTBs go mad for&nbsp;BoMaD&nbsp; Half of all first-time buyer (FTB) transactions in 2021 involved support from the Bank of Mum &amp; Dad (BoMaD)1, with \u00a39.8bn of&nbsp;BoMaD&nbsp;loans helping 169,000 FTBs onto the housing ladder. Analysts suggest the trend towards higher parental contributions could be here to stay given that Help to Buy is set to be [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4195"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=4195"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4195\/revisions"}],"predecessor-version":[{"id":4200,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4195\/revisions\/4200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/4196"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=4195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=4195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=4195"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=4195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}