LTV, APR, DTI... it's enough to make your head spin. Let us break it down for you. Dig into our content to learn more about house hunting, first-time buyer mortgages, interest rates and so much more.
We’ve increased the interest rate on our Tembo Lifetime ISA from 4.75% to 4.8% to match our brand-new Cash ISA rate. That’s the third time we’ve increased our interest rates in less than 1 year, and offers the market-leading interest rate for Cash Lifetime ISA savers.
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When it comes to saving for your future —whether it’s a first home, a holiday, a wedding or simply some financial protection for a rainy day — finding the right savings account can make all the difference. As of 14th January 2025, we're thrilled to introduce the new Tembo Cash ISA, offering a competitive 4.8% AER (variable) interest rate. This is the latest addition to our growing range of savings products, following the successful launch of our market-leading Lifetime ISA (LISA). With this new Cash ISA, your money isn’t just sitting in savings collecting dust - it’s actively working harder for you.
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One of the most stressful things to happen when you’re buying a home or selling one is for the home purchase to fall through. Not only can it be disappointing, it can be expensive too. It’s also extremely common, with 35% of house sales falling through. If you’re going through this experience yourself, this guide is for you.
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If you want to buy your first home, saving a deposit is only half the battle. You could spend years scrimping and saving your way to a 10% or even 20% deposit, only for your salary to get between you and your dreams of homeownership. So what salary do you need to buy a house in the UK? And what can you do to increase your chances of getting a mortgage? Find out in this guide.
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If you’re planning on buying your first home sometime soon, once you’ve saved up a deposit it’s time to start looking at mortgages. But if you’ve never bought a property before, it can be confusing how much you could borrow for a mortgage. While 4-4.5x your household income is the typical figure you might hear, there are ways to borrow more than this! In this article, we’ll cover how much a first-time buyer can borrow, including ways to get a bigger mortgage.
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When you look at how some stocks have grown in value over time, you might be tempted to jump right in and start investing there and then. Or you might want to wait for prices to fall before you invest. But which method is this a good idea and when is the best time to invest? Keep reading to find out.
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Property prices and interest rates have risen significantly over the last few years, making it more important than ever to consider what is realistic to allocate to your mortgage costs, whether you’re looking at buying your first home or remortgaging onto a new deal. So what percentage of your salary should go towards your mortgage and what should you consider when choosing a mortgage term length? Let’s get into it.
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Investing in the stock market can be one of the easiest ways to build wealth and reduce the impact of inflation, but how much should you invest? Some people recommend investing 10%, 15% or even 20% of your income, but the right figure for you will depend on your income, goals and attitude to risk.
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Stamp Duty Land Tax (SDLT) rates are changing next year, making it that little bit more expensive to buy a home in England or Northern Ireland for some. For home buyers hoping to get on the ladder or move up it next year, this news could put a spanner in the works if you need to cover a higher Stamp Duty bill than you were expecting. You can’t put Stamp Duty on a credit card or spread the cost with regular instalments, but can you add Stamp Duty to your mortgage? If you’re hoping to buy a house in 2025 and you’re worried about the costs, here’s what you need to know.
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How does LTV work, how does it affect your ability to buy a house and what’s the lowest LTV on a mortgage you can get? Find out everything you need to know about LTVs here.
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Adding someone to your mortgage can give you more financial stability and even get you a bigger mortgage. But how do you add someone to your mortgage? And do you need a solicitor? Keep reading as we’ll break down how the process works and what costs you need to consider.
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Deciding whether to buy a property is a huge decision. The financial landscape, housing market conditions, mortgage rates, and even rental prices all influence whether purchasing a home will make sense for you. To help you weigh your options, we’ve outlined key factors to consider when deciding if you should buy a house in 2025.
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2024 was a bit of a whirlwind in mortgage land. The average two-year fixed-rate mortgage deal fell from 5.93% to 5.62% over the course of the year. But there were plenty of ups and downs in between as the economy rode the waves of inflation falling from 4.0% in January to 1.7% in September and then back up to 2.3% in October. Not to mention the general election and the first Budget from a Labour government in 14 years. There were some milestone moments too - the Bank of England cut its base rate for the first time since 2020, and mortgage rates below 4% made a reappearance. And this year is set to be as eventful. Borrowers should expect mortgage rates to continue to come down in 2025, while house prices are expected to go up. The first part of the year is expected to see a flurry in housing activity as home buyers try to complete before Stamp Duty changes in April. While rents are predicted to increase following more Buy to Let properties being sold off, reducing supply.
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If you’ve got a high-paying job, a large investment portfolio or you’ve received a substantial inheritance, a wealth manager can help you make the most of your money. But what exactly do wealth managers do, how much money do you need to use one and what are the pros and cons? Find out in this article.
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A Lifetime ISA can be a great way to save for your first home and retirement all under one roof. But is a Lifetime ISA the same as a Cash ISA and what should you think about before opening one? Find out everything you need to know in this article.
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Pensions have traditionally been the go-to method of saving for retirement, but they’re not the only option. If you want to build a flexible and tax-efficient nest egg, ISAs can play an important role too. But is an ISA better than a pension? Find out in this article.
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Getting rejected by a bank can quickly turn your dreams into a nightmare, whether you’re applying for a mortgage to buy your dream home, you’re trying to get a business loan, or you want to open a certain account they are offering… So what should you do when the bank says ‘no’?
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There are lots of obstacles that can stop you from getting a mortgage, such as a low income, poor credit score or difficulties with debt in the past. Let’s take a look at the most common reasons why a bank might not give you a mortgage and explore how you can boost your chances of meeting lenders’ affordability criteria.
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Labour had warned us that their first budget for 14-years would involve some “difficult decisions” as they look to raise £40bn for the public coffer. And after months of speculation, scare-mongering and uncertainty, on the 30th October Rachel Reeves became the first female Chancellor ever to deliver a Budget. Here's the key changes announced in the Budget that could influence the housing market.
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A Lifetime ISA lets you save up to £4,000 a year towards your first home or retirement and earn a 25% bonus off the government, up to £1,000. This makes it a great saving product for those saving over a number of years, but when it comes to withdrawing your money there are some rules. Let’s delve into when can you withdraw funds from your Lifetime ISA and how long will it take.
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A Cash ISA is a type of savings account where you can save up to £20,000 a year without paying tax on your interest. With the right ISA, you can reduce the impact of inflation and reach your savings goals sooner. But which ISA provider is right for you? Let’s take a look at Cynergy’s current ISA rates and see how they measure up to those offered by other providers.
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Since we acquired Nude back in February, our product and tech teams have been working hard behind the scenes on what’s coming next for our award-winning savings app. Tembo has always prioritised simplicity and clarity, and with this redesign, we're taking these values to the next level. Our dedicated product and tech teams have been working tirelessly to ensure the app not only retains its unique charm but also aligns seamlessly with the Tembo brand and vision. And now, we're thrilled to be finally unveiling a fresh new look to make saving towards those big life goals even easier.
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A mortgage advisor can help you find the right mortgage, speed up the application process and could even save you thousands of pounds. Depending on the one you go for, they could even help you overcome common home-buying obstacles, such as having a small deposit, unpredictable income or bad credit rating. But how much does a mortgage advisor actually cost and are they worth the money?
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If you’ve just started investing, you might have come across the phrases "active investing" and "passive investing". At its most basic, passive investing lets you invest and build wealth without too much risk, or research on your part. While active investing lets you prioritise companies and causes you care about, while also giving you the chance to beat the market. So which is better? Let’s take a look at the pros and cons of active and passive investing.
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If you’d like to build wealth for the future while also doing your bit for the planet, you’re probably wondering where on Earth to put your money. Let’s take a look at how to invest sustainably and whether it’s worth the effort.
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Investing can help you beat inflation and build wealth for the future, but it can also be a minefield when you’re just getting started. If you’re a complete beginner, you might be wondering where to invest your money and which investments are best. Keep reading to find out how to get started, how to reduce your risk and whether you should invest in volatile assets like crypto.
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Interest rates have risen over the last few years, making savings accounts much more rewarding than before. However, not all savings accounts are made equal. While some accounts like Cash ISAs offer 4-5%, the average rate offered by easy-access savings accounts is 3.08%. So where should you keep your money? Let’s take a look at the best savings accounts available on the market today.
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The FTSE 100, also known as the Financial Times Stock Exchange 100 Index or ‘Footsie’ for short, represents the top 100 companies by market capitalisation in the UK. The FTSE 100 includes big names you’ll likely be familiar with, like banks, oil and gas companies, pharmaceutical firms and more. But how does the FTSE 100 work, exactly? And how do you invest in it?
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Do you want to invest in the stock market while doing your bit for the planet? Investing in an ESG fund could be the answer. But what exactly is an ESG fund and are they good investments? Let’s take a look at how this type of investing works and how to get started.
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If you’d like to invest in the stock market but you’re not sure what you’re doing, index funds could provide a good starting point. Let’s take a look at how index funds work, how to invest in them and how they differ from other types of investment such as mutual funds and ETFs.
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