Tim Atkinson, Managing Director of Mortgage Required ticked a box in his bucket list in June when with two other sailors on a 42 foot Yacht he crossed the Atlantic Ocean.

The trip which took him from Venezuela in South America to the Azores off the Portuguese coast covered 3100 nautical miles in 5 weeks.

 atlantic crossing

Tim commented,  As a keen sailor I really wanted to tick ocean crossing off my list of achievements, it was a real challenge and a great experience, however having encountered storms as well as days with no wind at all, I am happy to sail in the Solent for a while, where the pub is never more than 2 hours way.

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The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”

Almost one in five equity release mortgages are now taken out to provide financial support to family.

According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.

It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.

Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?

The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.

The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income. 

According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.