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Author archive: Bright Mortgages

Equity release market set to hit £3bn this year.

Homeowners are expected to access £3 billion of their housing wealth through equity release this year for the first time ever. Research by the Equity Release Council reveals some £1.4 billion of lending was conducted in the first half of the year. That is up from £900,000 in the first six months of 2016. The…

Review your Life cover

The EU Gender Directive has ensured insurers can no longer price their premiums based on gender. This has led to insurance costs increasing for many women, although fierce competition between life protection providers has helped to lower many premiums to entice new customers. We can look at your plans and compare them to today’s market…

Rates on rental properties

Many landlords, owners and tenants are not fully aware of their liability for rates payments on rental properties. The rules regarding rates for rental properties are different from rules governing owner-occupier properties. Liability for rates on a rental property is determined by the Capital Value for Domestic Properties or Net Annual Value for Non Domestic…

Northern Ireland house sales are ‘highest in seven years’

According to official figures, 2014 saw 20,200 transactions. Prices rose 8% across the year, but are still 1% below what they were at the beginning of 2005. Finance minister Simon Hamilton said the data was “encouraging” – houses are more affordable and the market is confident. The residential property price index is the most comprehensive…

Northern Ireland housing market records highest price gains in the UK

Northern Ireland’s housing market has recorded the strongest price gains in the UK, according to the latest RICS and Ulster Bank Residential Market Survey. August was the 15th month in succession that surveyors in Northern Ireland indicated that prices rose, with a price balance of 68% – up nine percentage points on July. Local surveyors…

Record lows for buy-to-let fixed rates

Fierce competition in the buy-to-let sector has driven fixed-rate mortgages to their lowest-ever levels. Data from Moneyfacts.co.uk, provided to Mortgage Strategy, shows average buy-to-let fixed rates have fallen significantly over the past two years as lenders turn their attention to landlords. The average rate for a two-year fix has fallen from 4.84 per cent in August…

McCausland encourages tenants to ensure deposits are protected

The Department for Social Development announced in a press release yesterday that it will launch a publicity campaign to raise awareness of tenancy deposit protection. One year on, the Minister said that whilst £10m of deposits have been protected he is still concerned that many are not. Here is what the Department said; Social Development…

Ongoing tax campaign for Landlords

This is a second news story

House prices in Northern Ireland rise for 14th month

Further growth in Northern Ireland’s housing market is expected after July became the 14th month of rising prices, according to new survey. In the latest research by the Royal Institute of Chartered Surveyors and Ulster Bank, 38% of surveyors and estate agents also reported a rise in sales. Those surveyed said they expected the trend…

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Principal: Nicola McIlhagger Registered Office: Bright Mortgages, PO Box 295, Bangor, BT20 9AS Tel: 0845 0941637 Email:nicola@brightmortgages.co.uk