{"componentChunkName":"component---src-templates-post-js","path":"/extra-charges-for-first-time-buyers/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f6b0f5d59a446003990a608","title":"Extra charges for first-time buyers","slug":"extra-charges-for-first-time-buyers","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-16.png","excerpt":"In the last few days, several big mortgage lenders have upped the rates on their 90% and 85% mortgages.","custom_excerpt":"In the last few days, several big mortgage lenders have upped the rates on their 90% and 85% mortgages.","created_at_pretty":"23 September, 2020","published_at_pretty":"23 September, 2020","updated_at_pretty":"23 September, 2020","created_at":"2020-09-23T09:03:25.000+00:00","published_at":"2020-09-23T09:17:03.000+00:00","updated_at":"2020-09-23T09:17:03.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nHigher mortgage rates\nIn the last few days, several big mortgage lenders have upped the interest rates\n[https://www.telegraph.co.uk/personal-banking/mortgages/first-time-buyers-face-1100-extra-charges-banks-increase-rates/]\n* on their 10% and 15% deposit mortgages. Santander, Halifax, and Virgin Money\nhave all increased their rates, and some experts have warned that others may\nfollow suit.\n\nFurlough rethink?\nBank of England governor Andrew Bailey has added his voice to those asking Rishi\nSunak to rethink future furlough support\n[https://www.bbc.co.uk/news/business-54250662]. The subsidised wage payments are\ndue to stop at the end of October. Bailey suggested during a webinar that some\ncertain sectors could continue to benefit from targeted help - especially if new\nrestrictions ramp up, taking their toll on businesses like pubs and restaurants.\n\nLorries, get ready\nMichael Gove has sent a letter to logistics groups, reminding them to get ready\nfor Brexit. He warned they could be stuck in traffic jams of up to 7,000 lorries\n[https://news.sky.com/story/brexit-michael-gove-letter-warns-of-queues-of-7-000-trucks-after-transition-period-ends-12079101]\n, if they fail to prepare for new custom rules at the end of the transition\nperiod.\n\nVirtual nannies\nFrazzled parents working from home are turning to virtual childcare\n[https://inews.co.uk/inews-lifestyle/work/virtual-nannies-childcare-parents-working-from-home-656246] \nto take a breather or avoid the baby making an appearance in a board meeting.\nThousands of families are employing nannies to spend time with the kids online\nvia tablets. They’re in demand - especially when schools shut due to local\nlockdowns, or when families are forced to self-isolate.","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

Higher mortgage rates

In the last few days, several big mortgage lenders have upped the interest rates* on their 10% and 15% deposit mortgages. Santander, Halifax, and Virgin Money have all increased their rates, and some experts have warned that others may follow suit.

Furlough rethink?

Bank of England governor Andrew Bailey has added his voice to those asking Rishi Sunak to rethink future furlough support. The subsidised wage payments are due to stop at the end of October. Bailey suggested during a webinar that some certain sectors could continue to benefit from targeted help - especially if new restrictions ramp up, taking their toll on businesses like pubs and restaurants.

Lorries, get ready

Michael Gove has sent a letter to logistics groups, reminding them to get ready for Brexit. He warned they could be stuck in traffic jams of up to 7,000 lorries, if they fail to prepare for new custom rules at the end of the transition period.

Virtual nannies

Frazzled parents working from home are turning to virtual childcare to take a breather or avoid the baby making an appearance in a board meeting. Thousands of families are employing nannies to spend time with the kids online via tablets. They’re in demand - especially when schools shut due to local lockdowns, or when families are forced to self-isolate.

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