Between 1996 and 2016, the percentage of 25 to 34-year-olds who own their own homes has fallen 19% from 55% to 34%. In a bid to combat this, prime minister Boris Johnson has set out plans that include proposals for housing benefit being able to be counted towards a mortgage. The prime minister vowed to “turn benefits to bricks”, saying it is unfair that homeownership is dominated by over 65-year-olds. Continue reading “The government’s pledge to combat declining homeownership rates”
Month: July 2022
Open Banking explained
Technology is always evolving to streamline our everyday lives. In every walk of life, there is a constant progression in how technology is used to make common practices run more smoothly. The mortgage sector is no exception. Continue reading “Open Banking explained”