Concessions for home-buyers

Required Reading


Concessions for home-buyers

In addition to keeping an eye on the mortgage interest rate, there are other important ways in which successive Governments have encouraged the growth in private ownership over the years. Two measures in particular stand out, which we shall now consider.

The first is the tax concession whereby interest on loans for the purpose of house purchase qualifies for tax relief, and the second is the exemption from capital gains tax of the profits made from selling your main home.

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Mortgages and interest rates

In 2012, for example, the building societies' recommended mortgage rate started the year at 1.5%; it fell during the year in three stages down to 1.0%.

Then in June 2012 it jumped again, to 1.25 %. What will happen to rates in the future depends ultimately on the general level of interest rates - and inflation - in the country, and more immediately on the success that building societies have in attracting funds at their current deposit interest rates. If they are not able to attract sufficient funds from savers, they will have no alternative but to raise the mortgage interest rate to a level where they are successful in doing so.

That said, the mortgage interest rate has become a politically sensitive matter, because of . . .... see: Mortgages and interest rates

Current Mortgage Offers

  • At Commercialise Yourself you can compare mortgages using our repayment calculator, look for special offers for first time buyers or for 95% loan to value mortgages and see the most popular choices, Nationwide, Accord etc, we now even have a buy to let section for the brave or heart or strong of pocket! You can send us an email if you want to know more about mortgages and what we do and we will get back to you as soon as we are able.


    Finding the right mortgage can be stressful, but we’re here to help you every step of the way.

    Even if you have no proof of income, poor credit rating or facing repossession of your home, we can normally say YES (even if the high street lenders have said NO)!

    Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The overall cost for comparison is 7.9% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but our average fee is 2.36% of the loan value. We are authorised and regulated by the Financial Services Authority for regulated mortgage and non-investment insurance contracts.