What does the interest rate increase mean?

Rate Increase

Mortgages will become more expensive as the Bank of England interest rate rises. If you are on a variable rate mortgage deal increase in line with the Bank of England’s changes. So if you have a £100,000 mortgage, your repayments are likely to increase by about £12 a month. If you are on a fixed deal, you won’t be affected … Read More

House prices in Northern Ireland rise 5.3% in a year

House Prices

Houses prices in NI at the end of 2020 were 5.3% higher than the same time in 2019, according to the latest figures. House viewings are permitted during the latest Covid-19 restrictions, after the market was effectively closed between March and June last year. In spite of the economic shock the pandemic had on employment, house prices are still rising. … Read More

10% deposit mortgages are back – including New Builds!!

New Builds

Looking to purchase your first home in 2021? Or maybe you are looking to move to a new house and beat the stamp duty deadline? We now have access to 7 lenders who accept a 10% deposit. Some of which are exclusive to Mortgage First NI. Meaning we can find the right deal for you! Contact us for further information … Read More

NI house prices hit five-year high as pent-up demand fuels sales

NI house prices are seeing the highest growth of any UK region with buyers competing more fiercely than ever for homes with gardens, according to a major survey today. The report from the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank said prices were hitting a five-year high – accelerating fears that a new home could become out of … Read More

Co Ownership Belfast – Housing body sees threefold rise in demand

A housing association that helps people buy homes through shared ownership has received an almost threefold increase in applications over the past seven weeks. Co Ownership Belfast usually deals with an average of 50 applications per week. However, since the beginning of July, it has processed about 1,000. Its director of customer services told BBC News NI the demographic of … Read More

House sales at ‘highest ever’ level says Rightmove

Property portal says number of sales this month 60% up on last August  Agreed house sales have hit their highest level for at least a decade in the last month, with sales 60% above the figure recorded last August, according to the latest numbers from property portal Rightmove. The online listings firm said it had seen the highest number of … Read More

Stamp Duty Changes Northern Ireland

Stamp duty can add £10,000s to a homebuyer’s costs, but temporary changes mean many WON’T have to pay it. Until April 2021, in England and Northern Ireland you won’t pay any stamp duty on a main residence up to £500,000, while in Scotland and Wales the threshold’s rising to £250,000. This guide’s got all you need to know about how … Read More

Think Twice Before Cancelling Your Protection Policies


Life Insurance: It’s not for you, it’s for them! Life insurance is for your loved ones to make sure there is a roof over their heads and food on their table. It’s to ensure that they can continue to do the things in life you’d want them to, if the worst happened and you weren’t around. You would want to be … Read More