What is a Mortgage Prisoner and how do I know if I am one?

What is a Mortgage Prisoner and how do I know if I am one?

Mortgage prisoner has been around in the mortgage broker’s vernacular for a few years now. However recently the FCA has decided to launch a consultation, perhaps brought on by the Covid-19 lockdown issues that have plagued the economy.

Stamp Duty Holiday - Does it help?

Stamp Duty Holiday - Does it help?

As part of the economic stimuli the Chancellor, Rishi Sunak, introduced a Stamp Duty Holiday for the remainder of the financial year. What this means is that a property purchase up to £500,000 will attract zero stamp duty, above that you just pay the applicable rate on the surplus over £500,000.