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☝️We help buyers boost their budget by an average of £82k
🚨 HSBC Releases Sub 4% Mortgage Rate 🚨
Watch our CMO Polly on Sky News explaining what this could mean for the mortgage market 👉👉👉
https://t.co/cq4Po9ZmKs
@davidakadiscoK3@MartinSLewis@bbc5live Hi David, it's always worth speaking to an expert in mortgage affordability - like Tembo. We specialise in helping buyers find ways to boost their mortgage affordability, looking beyond traditional mortgages 👉https://t.co/UMCkBsjtx1
@NikolaosGalanis@MartinSLewis@bbc5live It's really easy to open a LISA - you can normally do it online or on an app. You can then set up a direct debit to pay into it regularly, or pay in with one-off contributions if that's better for you. You can sign-up to our LISA in a couple of minutes!
https://t.co/ZT5H2SGJfL
@LizzCrosleyy @MartinSLewis@bbc5live With a Help to Buy ISA, you can only save £200 p/month, so you cannot put in £4K in one go. With a LISA, you have to have the account open for 12 months to buy a house. If you want help finding ways to boost your deposit, it's worth talking to a mortgage expert like us
@ChrisWi47631283 @MartinSLewis@bbc5live The risk with withdrawing your money is you'll be hit by the gov. withdrawal penalty - that's a 25% charge on all of your savings in your LISA. It's might be worth exploring alternative options, like using your LISA for retirement and saving up a new deposit in a ISA instead
@DavidHall89h @MartinSLewis@bbc5live Hi David, it's unlikely the Help to Buy ISA limit will increase. You might be better transferring your H2B ISA to a Lifetime ISA, which has a £450K price limit. This guide might be handy! https://t.co/WUwsRGad5y
@savage__trish@MartinSLewis@bbc5live If you're transferring money from another Lifetime ISA, you can transfer all your funds at once. If you are transferring from another ISA type - like a Help to Buy ISA or Cash ISA - you can only transfer enough to get you to the £4K LISA limit for the tax year.
@_Rimal@jordanparki7@MartinSLewis@bbc5live If you're looking to boost your savings, it's also worth seeing which Lifetime ISAs give you the best interest rate. It's easy to transfer your funds from one Lifetime ISA provider to another if you want to make the switch!
@davehillsy@MartinSLewis@bbc5live Hi Dave! The earliest you can withdraw your savings from a Lifetime ISA for retirement is when you reach 60. If you take out your money earlier than this, you'll be hit by the 25% gov. withdrawal charge!
@richie_roo85@MartinSLewis@bbc5live@NatWest_Help Hi Richard! No Lifetime ISAs aren't offered by all banks, so it's worth researching the best Lifetime ISAs online to see which providers do offer them, and where you can find the best rate to help boost your savings
(4/4) However, swap rates - an indicator of where the market thinks rates will go - have risen sharply over the past month. There's likely to be volatility in mortgage rates over the coming weeks - only time will tell.
(3/4) It's expected that mortgage rates should continue to go down, despite the recent rises. Unemployment remains low & house prices - an indicator of consumer confidence - are rising again. Although inflation has stayed stable at 4.0%, it’s anticipated that it will go down.
(2/4) Pay is rising faster than inflation, with some experts predicting real wages to rise by 2.6pc this year. This will aid spending and promote a return to economic growth - which should propel us out of a recession and might signal the end of cost of living crisis.
#paygrowth
(1/4) Has the worst already past?
Last week, worrying headlines emerged that the economy has dipped into a technical recession - defined by failing to grow two quarters in a row - but some think we might already be out of the woods.
#inflation#recession#economy#realwages
Ouch. First-time buyers in London must save for 31 yrs for - twice as long as their parents. Homes in the capital cost 12x avg salary, while across Britain houses are 9x salaries - a ratio not seen for 150 years 🤯
Read the full article here 👉 👉 👉 https://t.co/YihslKAh3t
🔊 Biggest drop in average 2 year fixed rate mortgage since 2022. The drop was across all deposit sizes, falling from 5.93% at the start of Jan to 5.56% at the start of Feb.
Read the full article here 👉 👉 👉
https://t.co/r6iuozYAvP
The Tembo Lifetime ISA has entered with a bang 💥 From today, we’re offering a 4.3% rate to all first-time buyers who open a Tembo Lifetime ISA with us - that’s the best LISA rate available on the market 🚀
Together, we can continue to make home happen for the next generation, supporting our customers from the moment they start saving, all the way until they buy their first home.
This weekend, the Tembo team were on the ground at the London New Home Show for the third year in a row. We love these events because they let us speak to home buyers face-to-face. Plus, this year our superstar Liv spoke on the panel about how to finance a Shared Ownership home.