The ‘Buy-to-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn. Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Hitchin (and national) property market? But has it been a good thing? Or has it ruined the dreams of many 20 somethings wanting to get on to the property ladder in the last couple of decades? Let’s...
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With grocery, energy and other household prices/costs rising and hitting everyone’s back pocket, inflation (rising prices) may feel like an unimportant issue when it comes to the cost of keeping a roof over your head. Yet nothing could be further from the truth for many Hitchin homeowners and Hitchin landlords. Because inflation over the long term is bad for the economy, the normal weapon of choice to reduce inflation is to increase interest rates. The Bank of...
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How far would you go to help your child get on in the world? Many Hitchin parents move area to ensure their child gets into the best primary school or fund their university costs. Many of you reading this have even helped your children with the deposit for their first home from savings. However, I have come across many Hitchin people in their 50’s and 60’s who have good jobs and incomes, yet don’t have the savings...
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