- One in two mortgages will not be paid off by borrower’s 65th birthday on September 22, 2021 at 8:50 am
Trade body UK Finance data shows some 52 per cent of new mortgage lending is going to borrowers who will still be paying back the loan after their milestone 65th birthday.
- UK rakes in £7.6bn in stamp duty this year despite tax holidayon September 21, 2021 at 3:33 pm
The bumper tax take came despite the stamp duty holiday that slashed tax to zero on the first £500,000 of a property’s purchase price until the end of June this year.
- Mini property boom hits Wales and parts of England, with house prices up by more than 9%on September 20, 2021 at 11:03 am
Rightmove describes current conditions as the ‘hottest ever competition to buy’, with buyer demand per property for sale more than double pre-pandemic levels.
- The ten countries that have seen house prices rocket in a decadeon September 17, 2021 at 6:33 pm
Israel came in a first place with the average house price increasing 345.7 per cent. The UK, despite its sky high property prices came in at number ten.
- Inside the tiny ‘smart home’ that will be sold in London for less than £300kon September 16, 2021 at 7:46 am
Barratt wants to cater to renters who saved during the pandemic by developing dinky flats at a £200,000 discount to the average London house price.
- ONS: House price inflation slowed to 8% as stamp duty break endedon September 15, 2021 at 1:47 pm
The typical home was worth £255,535 in July, according to the Land Registry-based index – around £19,000 higher than a year earlier.
- Home improvement boom sparks building supplies and trades shortageon September 15, 2021 at 8:21 am
Emma Jones and partner Kayvan Khanmorady-Gargary found themselves in a perfect storm when renovating their home in Cheshire.
- Vast majority of buyers see EPC C as non-essential despite fact it may be required by 2035on September 7, 2021 at 1:51 pm
Upgrading homes to meet the targets could cost up to £65bn, according to Government estimates – the majority of which will fall to homeowners.
- Nationwide launches its lowest mortgage rate EVER for those with big depositson September 3, 2021 at 9:15 am
Britain’s biggest mutual has reduced its two-year fixed rate for borrowers with 40% deposits to just 0.87% – which is one of the cheapest options currently on the market.
- Best mortgage rates: Compare fixed rate and tracker rate mortgage dealson September 2, 2021 at 12:01 pm
The average mortgage rate is edging down, as lenders bring back their full range of products and launch tantalising deals with interest of less than 1 per cent for those with lots of equity.
- Nearly 400k property transactions hit by down valuations last yearon September 2, 2021 at 7:47 am
Soaring house prices have raised sellers’ price expectations – but research suggests hundreds of thousands of homes were down-valued when surveyed by the buyers’ mortgage lender.
- Pandemic leads to rise in ‘forever homeowners’ who don’t want to downsizeon August 31, 2021 at 8:08 am
More over-55s now want to stay in their homes rather than downsizing in their old age, after the pandemic led them to place a higher value on space and staying within a supportive community.
- House prices in the UK suburbs grew by 10.8%, outdoing the major citieson August 28, 2021 at 9:38 am
In Plymouth, on England’s South West coast, the city itself saw house price growth of 5.8 per cent between March 2020 and June 2021, while in the surrounding areas, the average was 16.1 per cent.
- Long-awaited 5% deposit mortgages make up just 1 IN 100 loans due to strict criteriaon August 27, 2021 at 10:21 am
Mortgages with 5 per cent deposits made up just 1 per cent of lending at Trussle in July – despite their return being hailed by the Government as the way to ‘turn generation rent into generation buy’.
- UK facing worst shortage of property listings since 2015, Zoopla warnson August 25, 2021 at 11:01 pm
While buyer demand remains strong, stock levels are down over 26 per cent compared to last year’s average, leaving prospective buyers battling it out for the most in-demand properties.
- Homeowners sell for above the asking price, says Purplebrickson August 25, 2021 at 9:40 am
Almost half of those selling their home in the past two years did so because they were looking for a more peaceful way of life amid the pandemic, new survey reveals.
- Property transactions plummeted 63% in July as stamp duty holiday was pulledon August 24, 2021 at 11:25 am
There were 73,700 property transactions during July on a seasonally-adjusted basis, according to official figures from HMRC, a fall of almost two thirds month-on-month.
- First-time buyer mortgage rates tipped to fall as low as 2% on August 23, 2021 at 8:02 am
Banks are courting first-time home buyers by bringing rates down from their lofty heights, with two-year fixes now available with rates as low as 2.13 per cent for those with 10% deposits.
- Students can get mortgage with NO DEPOSIT… if they charge their friends renton August 21, 2021 at 4:12 am
Three lenders are offering enterprising students the opportunity to buy a home and rent out rooms to make the repayments – though they will need to enlist the help of Mum and Dad.
- First-time buyers offered a ‘mortgage-free’ step on to the ladder – but there’s a catchon August 20, 2021 at 9:05 am
‘Hundreds’ of buyers are seriously considering new rent-to-own homes backed by £500m pension fund investment – but while it offers a step towards owning a home they need to check the small print.
- Homeowners are £326k RICHER than renters – before house price rises are even considered on August 20, 2021 at 8:20 am
While one in three homeowners saw their mortgage as ‘an investment in their future’, more than half of renters said it was ‘unrealistic’ they ever would ever purchase a home.
- House prices soar £31k in a YEAR as North West alone sees ‘frankly astonishing’ 19% jumpon August 18, 2021 at 12:30 pm
There was a significant 4.5 per cent jump in prices between May and June, which the ONS attributed to the tapering down of the stamp duty tax break.
- The cost of renting is driven to a record high as a lack of properties to buy sparks bidding warson August 17, 2021 at 8:11 pm
The cost of renting has jumped to a record high of £1,007 a month, according to Rightmove. And some landlords are now demanding deposits of up to six months’ worth of rent.
- Ten per cent of UK homes rented in July were to ‘stop gap’ home sellerson August 17, 2021 at 3:09 pm
There were 27% fewer homes to buy in July than there were at the same time in 2020, according to analysis by agent Hamptons, leading to a surge in temporary renting among movers.
- Blink-and-you’ll-miss-it mortgage deals now last just 21 days as rate war heats upon August 17, 2021 at 6:28 am
The typical mortgage is now ‘selling out’ in 21 days as rates are pushed ever-lower – but buyers are committing to their deals for longer as they use longer terms to keep up with price rises.
- Record number of first-time buyers used Help to Buy last yearon August 16, 2021 at 1:35 pm
More than 55,000 households used the Government loan to get on the ladder in 2020-21, paying an average of £290,000 for their first home.
- I’d rather mortgage rates stopped falling and house prices slowedon August 16, 2021 at 1:33 pm
Just over a year ago, we took out a new mortgage to move home – fixing for five years at 1.4%. That was very cheap, but if we were looking today, we could get 0.99%
- House prices UK: Asking prices fall for the first time this year, says Rightmoveon August 15, 2021 at 11:06 pm
Property price tags have fallen an average £1,076 since mid-July – or 0.3% – driven by a ‘cooling’ at the higher end of the market, according to the website.
- Mortgage lender could offer bigger loans to those with eco-friendly homeson August 14, 2021 at 6:33 am
Those with energy efficient new-build homes could soon borrow up to £12,000 more on their mortgage with one lender, as a barrage of ‘green’ mortgages hits the market.
- Six in ten Britons track friends’, colleagues’ and lovers’ house priceson August 13, 2021 at 3:30 pm
With few believing it is acceptable to ask someone outright what they paid for a home, the vast majority adopt under-the-radar tactics and do their research online.
- HSBC offers its cheapest mortgage ever: Can YOU save by switching?on August 13, 2021 at 7:02 am
Mortgage rates have continued their downward slide, with multiple deals now available with less than 0.90 per cent interest – but borrowers should watch out for hefty fees.
- Price of a detached house rises £46k in a year… but flats increase by just £2kon August 12, 2021 at 6:48 am
Since the pandemic started, the cost of a detached property has jumped by 10 per cent to over £500,000 – while flats are worth just 1 per cent more, according to Rightmove.
- I pay a big service charge but my flat is badly managed: What do I do?on August 12, 2021 at 6:42 am
The agent is using the pandemic as an excuse for rising costs and delayed repairs. Is there a way to challenge the escalating bill, and can we change our managing agent?
- Higher-risk mortgage lending at 4x salary or more hits five-year peakon August 11, 2021 at 11:32 am
The number of single-income households borrowing four or more times their salary on their mortgage hit a five-year high this year, as buyers grappled with rising house prices.
- Flash flood left me sunk by the small print, with a £2,750 excess billon August 11, 2021 at 11:03 am
Laura Shannon and her family were forced to evacuate from their home in Solihull after a freak storm sparked flash floods. causing thousands of pounds worth of damage.
- North-South inheritance tax divide as average bill swells to £210kon August 11, 2021 at 8:13 am
In 2018 to 19 just 3.7 per cent of deaths across Britain triggered an inheritance tax bill, but many a huge chunk lie below a certain line of the country.
- Goldman Sachs weighs in over ‘ring-fencing’ as cheap loans launchon August 9, 2021 at 7:00 am
This has made banks pile into the mortgage market – considered low-risk lending – which has forced down the interest rates that they charge to generate profits.
- What is a section 5 notice if you’re buying the freehold on your flat?on August 6, 2021 at 2:59 pm
A section 5 notice is the landlord’s offer to sell the freehold. This is part of the process of buying the freehold on a flat, and it can be extremely valuable.
- Rent arrears fall to lowest level in a decade after landlords give discounts and payment holidayson August 6, 2021 at 7:28 am
The typical tenant has shaved £595 off of their arrears since the start of 2020, with the average debt now sitting at £1,781. This is the lowest amount owed to landlords since the end of 2017.
- Mortgage rates go lower as Halifax launches 0.9% loan… but is it the best deal around?on August 2, 2021 at 1:27 pm
Halifax has launched the latest offensive in the mortgage price war, and is now offering a home loan with an ultra-low rate of 0.9% – but only for those remortgaging with 40% deposits.
- FCA to review UK ‘mortgage prisoner’ numbers stuck on high rates after previous ‘low estimate’on July 30, 2021 at 2:50 pm
The Financial Conduct Authority will review its data on mortgage prisoners, who are trapped on interest rates up to 9 per cent after taking out loans with firms that collapsed in 2008.
- Two thirds of renters say they will never buy as the pandemic exacerbates homeownership barrierson July 27, 2021 at 12:36 pm
Homeownership is out of reach for an increasing number of people, according to a new report that suggests aspiring homeowners have been set back by the pandemic.
- UK property prices are 30% higher than they were in 2007, Zoopla sayson July 26, 2021 at 11:01 pm
Buyers are paying an average of £230,700 for a home, which is the highest on record, according to Zoopla’s latest house price index.
- Starling Bank snaps up buy-to-let lender Fleet Mortgages for £50mon July 26, 2021 at 3:36 pm
Landlords can now take out a mortgage backed by digital-only Starling Bank, after it acquired specialist lender Fleet Mortgages in a £50m cash and share deal.
- Two in five home buyers paid over the asking price last monthon July 26, 2021 at 10:17 am
There are now 19 buyers to every one available property according to estate agent body NAEA Propertymark, as the housing market has boomed during the pandemic.
- Skipton boss David Cutter on housing boom and when savers’ low rate misery will endon July 26, 2021 at 6:47 am
This is Money quizzes the building society chief on how confident he is about people’s finances post-pandemic, and whether mortgage and savings rates will shift from their current levels soon.
- Do I have to pay stamp duty when buying a home for my brother to live in?on July 23, 2021 at 7:05 am
My brother and I inherited the family home from my mum when she died, but we now want to sell it and buy him a new flat closer to where I live. What is the most tax-efficient way to go about it?
- Selling your home without an estate agent: How to do iton July 22, 2021 at 7:09 am
It is perfectly legal to buy or sell a home without using an estate agent. While it can mean a big time commitment and administrative headaches, one vendor described the process as ‘enjoyable’.
- Self-employed workers face greater scrutiny and rejection from mortgage lenderson July 22, 2021 at 7:04 am
Self-employed workers in the UK are feeling increasingly pessimistic about their home buying chances after facing a wave of mortgage rejection during the pandemic.
- Turned down for mortgages after using buy now pay later shopping dealson July 21, 2021 at 11:59 am
Mortgage advisors are urging borrowers to think twice before using the convenient checkout option from brands such as Klarna after seeing clients rejected after using this type of credit.
- Mortgage price war ramps up: Nationwide offers record breaking sub 1% five year fixed rate dealon July 21, 2021 at 11:06 am
While rates below 1% are not unusual for two year deals, Britain’s largest building society is offering this rate to those with a 40% deposit remortgaging or moving, fixed until 2026.
- Half of those who moved house in the pandemic regret paying too muchon July 21, 2021 at 8:05 am
Lucy Stewart and husband James Cissel (pictured) thought they were the perfect buyers after selling their London flat and moving into Lucy’s parents’ house – but quickly found out this was not the case.
- Stamp duty rush could lead to spike in claims for expensive legal mistakeson July 19, 2021 at 10:01 am
Surveyors and conveyancing solicitors have been under huge pressure to complete sales – and experts predict a rise in homeowners making legal claims after they discover mistakes.
- How a ‘green’ home could cut cost of your mortgageon July 18, 2021 at 12:51 pm
Green mortgages are deals with special rates that are only available on properties with high levels of energy efficiency. They incentivise people to buy an efficient home or to refurbish a draughty one.
- UK house prices rose 10% in a year, says ONS, but agents tip they may ‘plateau’ on July 15, 2021 at 12:01 pm
Latest official statistics show £23,000 house price increase in year to May as Britons went on ‘final buying frenzy’ ahead of stamp duty holiday tapering down in June.
- Mortgage availability nears pre-pandemic levels amid spike in 5% deposit dealson July 13, 2021 at 1:19 pm
The number of mortgages available to UK borrowers has reached its highest level since March 2020, and the options available to first-time buyers have widened considerably.
- If we give our home away but live in part of it what happens with IHT?on July 13, 2021 at 9:56 am
My husband and I own a home worth just over £1million. Unfortunately, that same house price inflation means our daughter cannot afford to buy a family home.
- New buyers arrive in a quieter market after stamp duty holiday endson July 12, 2021 at 7:46 am
After a frantic final leg, a leading estate agent has revealed that exchanges dropped to 40 per cent of the five-year average.
- Save a fortune as mortgage war pushes loans under 1%on July 11, 2021 at 2:37 pm
HSBC and TSB have both just unveiled two-year fixed rate deals with a rock-bottom interest rate of 0.94 per cent. And a number of lenders have launched eye-catching deals under one per cent.
- I’m renting out my old house: What tax will I pay and do I have to tell my mortgage lender?on July 9, 2021 at 6:38 am
My house is proving a good investment, so I am keen to hang on to it and rent it out. Do I need a buy-to-let mortgage, and will I need to pay extra income or capital gains tax?
- Two in three will consider downsizing in retirement: What are the pros and cons?on July 9, 2021 at 6:38 am
Younger people, Londoners and higher rate taxpayers were the most likely to have downsizing plans, according to research by Hargreaves Lansdown.
- Number of UK homes coming up for sale fell AGAIN last monthon July 8, 2021 at 1:44 pm
There is a ‘clear excess of demand over supply’ in the housing market, the Royal Institute of Chartered Surveyors said in its latest closely-watched survey.
- Equity release borrowers from 15 years ago are paying TWICE as much interest as today on July 8, 2021 at 7:11 am
Interest rates on equity release have dropped from 6.8% in 2013 to 3.3% today, according to Key, as the market is atoning for its past bad reputation with more flexible plans – but some still regret doing it.
- This estate agent will sell your home for FREE – but is it too good to be true?on July 8, 2021 at 6:55 am
Online agent Strike is expanding across the UK and offers to sell homes with no fees – but vendors must host viewings themselves and pay extra for professional photos.
- Time to dump the gazumpers: 2 in 5 home sales hijacked by brazen bidson July 7, 2021 at 8:55 am
The pandemic property frenzy has seen buyers stop at nothing to get the keys to their dream home. And with demand and prices rocketing, competition has been fierce.
- Record low rates hit mortgage market (but beware the hefty fees)on July 6, 2021 at 9:00 pm
HSBC announced it would lend up to £5m to buyers on the 0.94 per cent rate which reverts to a 3.54 per cent rate after the two-year fix ends. Borrowers have to have at least 40 per cent a stake in the home.
- HSBC launches mortgage with lowest EVER interest rate on July 6, 2021 at 12:01 pm
The HSBC deal is the lowest interest rate on the market – but it is only available to those with 40% deposits or equity and they will need to pay a £999 fee.
- Goodbye, bricks and mortar? We visit a factory which pumps out two houses a dayon July 2, 2021 at 12:28 pm
Modular housing companies build homes in factories at a rate of two a day – promising sturdy properties and green credentials. We visit one of the factories to find out more.
- Can we move our mortgage to another property or will be incur early repayment charges for doing so?on July 1, 2021 at 6:23 am
I want to move, but am locked in to a five-year fixed mortgage deal. How does porting a mortgage work, will there be fees and does it matter that I am now self-employed?
- US house prices see biggest rise in 30 YEARS in April: Is this a housing market bubble?on July 1, 2021 at 6:22 am
The typical US home added nearly 15% to its value in the past year, a growth described as ‘truly extraordinary’ but which has echoes of the period directly before the 2008 financial crash.
- Missed the stamp duty holiday deadline? We explain what to do if your chain breakson June 29, 2021 at 3:36 pm
The stamp duty holiday will start to taper down at midnight tomorrow – and many buyers are set to miss the deadline. We explain how to renegotiate the price and keep your transaction on track.
- House prices up 13.4% since start of stamp duty holidayon June 29, 2021 at 10:31 am
The typical home has seen its biggest rise in value since 2004, according to Nationwide – but the building society warned that homes are less affordable than ever for first-time buyers.
- Government ‘closes door’ on permanent stamp duty cut, saying £8bn tax will help recoup Covid cashon June 29, 2021 at 10:19 am
The Government will not heed calls to cut or reform the stamp duty tax on buying a home, despite short-term changes helping to turbo-boost the housing market over the past year.
- Nine questions to ask an estate agent before you offer on a homeon June 29, 2021 at 7:40 am
New research shows some Britons are only viewing a property for 30 minutes before they make an offer. If time is of the essence, here are nine questions to ask the agent to make it count.
- Rising property prices mean more will be on the hook for inheritance taxon June 28, 2021 at 9:20 am
Experts are warning that, thanks to this year’s house price rises, more people will now have to pay inheritance tax when they are left a property or other assets by someone who has died.
- Aviva hikes fees for its equity release customerson June 26, 2021 at 9:41 pm
The new charges – which in some cases are more than double previous fees – will apply from mid-August. Aviva said the fees ‘reflect our reasonable costs for administering your lifetime mortgage’.
- We reveal the best rates on equity release mortgageson June 25, 2021 at 6:49 am
Older homeowners are using equity release mortgages to spruce up their homes – and there are more products than ever enabling them to do so, with rates as low as 2.75%.
- What are the pros and cons of buying off-plan?on June 24, 2021 at 8:57 am
My partner and I are trying to buy our first home, but thanks to the hot property market we keep missing out. Buying off-plan could help us get on the ladder without being gazumped – but is it a good idea?
- Race for buyers to beat stamp duty deadline with 6 DAYS to 30 June cut-offon June 24, 2021 at 8:49 am
Home buyers face a mad dash to complete their purchases or risk paying up to £15,000 extra in stamp duty, as figures show transactions in May were 140% higher than last year.
- Why you shouldn’t panic if the property bubble burstson June 23, 2021 at 10:00 am
The stamp duty holiday is drawing to a close, with family finances stretched to the limit and house prices beginning to fall. So should buyers be worried about falling into negative equity?
- Would you take a second mortgage to pay your child’s SCHOOL FEES?on June 22, 2021 at 10:20 am
A new firm that helps parents take out second mortgages to pay their children’s school fees claims it will open up private education to middle income families. But is it a good idea?
- Is the property starting to cool? Asking prices slow, says Rightmoveon June 21, 2021 at 10:59 am
Property asking prices rose by just 0.8% in May in an early sign that the housing market boom is slowing down, according to Rightmove’s latest index.
- It’s worst year ever for Japanese knotweedon June 20, 2021 at 5:05 pm
Forget the plant horror of John Wyndham’s The Day Of The Triffids – knotweed is the real thing. It grows up to a foot in a week, strangles other plants, and it can destroy the foundations of your home.
- HSBC launches latest sub-1% mortgage and Platform goes lower at 0.95%on June 18, 2021 at 3:02 pm
Mortgage rates have continued to hit record lows, as HSBC launched its first sub-1% deal in more than five years today. We explain how to compare rates and fees and get the best deal.
- Why do smart people inflate house prices? Sunak’s stamp duty slip upon June 17, 2021 at 8:03 am
Rishi Sunak is smart, as is George Osborne, so why did Britain’s two best known Chancellors of the past decade go down the route of inflating house prices?
- Homebuying dreams on a knife edge as stamp duty deadline approacheson June 16, 2021 at 4:09 pm
Home buyers are racing to complete their purchases before the stamp duty holiday ends on June 30. We speak to some of the more than 160,000 who are at risk of missing out.
- ONS: Average UK house price dropped £5k in April but boom isn’t overon June 16, 2021 at 12:40 pm
UK house prices dipped in April as buyers lowered their offers in anticipation of the initial stamp duty holiday ending back in March, the ONS House Price Index has revealed.
- Stamp duty holiday extension calculatoron June 16, 2021 at 8:50 am
After the stamp duty holiday was extended, our calculator hows how much tax you would pay to move home before the new 30 June 2021 deadline.
- With house prices high, should first-time buyers be worried about negative equity? on June 15, 2021 at 8:09 am
Having bought a home at today’s inflated prices, first-time buyers may be left in negative equity when the market cools down. How much of a problem is that, and what can they do to prevent it?
- Are houseboats the next property boom? We count the cost of riverside livingon June 15, 2021 at 7:04 am
Houseboats appear to be going through a boom, with some people seeing them as an affordable alternative to the home-buying frenzy. But how much does it really cost to live the riverside dream?
- Homes now cheaper to rent than buy for the first time since 2014on June 14, 2021 at 10:39 am
The cost to rent a typical home would be £1,054 a month, against £1,125 a month for mortgage repayments on the same property, according to Hamptons.
- My noisy upstairs neighbours are driving me mad: What can I do?on June 11, 2021 at 7:55 am
My partner and I live in a converted flat and we can hear everything my neighbours do upstairs. What can we do to solve this problem?
- Mortgage rates may be bottoming out as 5-year fix falls to 1.19%on June 11, 2021 at 7:27 am
Experts are predicting a ‘bottoming out’ of the mortgage market after interest rates hit record lows this week.
- Market town premium: Homes are worth £36k more on averageon June 10, 2021 at 11:57 am
Homes in England’s market towns are now worth £36,000 more than other locations, according to Halifax, with buyers paying double for the privilege in the most sought-after.
- Rics: Home sales boom will ease when stamp duty holiday endson June 10, 2021 at 11:54 am
Rics said that current sales boom is not expected to last once the stamp duty holiday ends, but inflation will continue.
- How to fund a staycation summer home with a holiday let mortgageon June 10, 2021 at 7:56 am
With travel abroad still uncertain, buying a holiday let here in the UK could be a good investment this summer – but if you’re not a cash buyer, getting a mortgage can be complicated.
- New firm Tembo will help parents remortgage to get children on the housing ladderon June 9, 2021 at 12:23 pm
A new company will advise parents without big cash pots on remortgaging their homes to get their children on the housing ladder. Tembo will boost first-time buyers’ deposits using interest-only mortgages.
- ALEX BRUMMER: Stamp duty holiday has sent house prices boiling overon June 8, 2021 at 10:02 am
Of all the measures taken by the government to keep the UK economy motoring in the pandemic, the tax break for house purchases under £500,000 is the most counter-productive.
- Boost for first-time buyers as 80 new 5% deposit mortgages launched in last monthon June 8, 2021 at 7:27 am
More 5 per cent deposit mortgages were launched in May than any other type of home loan, as lenders increasingly look to cater to first-time buyers.
- House prices hit another record high in May with average now above £260kon June 7, 2021 at 4:55 pm
House prices reached another record high in May, according to Halifax, with the average property adding more than £3,000 to its value in the last month alone.
- Reaching energy efficiency rating of C impossible for 1.7 million homes: Will owners face penalties?on June 7, 2021 at 4:44 pm
Almost 1.7 million homes in England and Wales with an EPC rating between D and G cannot be improved to reach a C rating, according to new research by Rightmove.
- Why there’s still hope for first-time buyerson June 7, 2021 at 3:39 pm
The cost of the average home has jumped by 10.9 per cent to £242,832 in only 12 months, according to Nationwide.
- Lock into a rock bottom mortgage rate while you can, say expertson June 6, 2021 at 9:53 am
A flurry of fixed-rate loan deals have been launched at less than 1 per cent. This has prompted one expert, Peter Gettins of L&C Mortgages, to describe the market as ‘incredibly competitive’.
- How to get your house in orderon June 5, 2021 at 6:56 am
Millions struggled to keep on top of household bills and debts when the pandemic forced businesses to shut and pay was slashed.
- How to pay off a mortgage in retirementon June 4, 2021 at 8:00 am
House prices are soaring and mortgage terms are getting longer – so it is little wonder that fewer borrowers expect to have paid off their mortgage by the time they retire.
- Government First Homes plan offers HALF PRICE properties to first-time buyers –on June 4, 2021 at 7:10 am
First-time buyers in England could get a home for up to 50% less than market value under the Government’s First Homes scheme. We explain how it works and who is likely to benefit.
- Lenders are starting to offer so-called ‘green mortgages’on June 3, 2021 at 10:43 am
Virgin Money last week announced its Greener Mortgages for borrowers buying eco-friendly new-build houses, while Nationwide offers cashback to energy-efficient homeowners.
- The perfect home for your lockdown savingson June 3, 2021 at 6:35 am
Perhaps you have lockdown savings sitting idle. If so, now could be the perfect time to consider overpaying your mortgage.
- Average UK home worth £24k MORE than before the pandemicon June 2, 2021 at 3:48 pm
UK house price growth hit double figures in the year to March, with the average property worth £24,000 more than it was this time last year at £256,000 according to the ONS.
- Mortgage interest rates inch upwards this year – but it could still be worth taking a five-year fixon June 2, 2021 at 9:56 am
Typical mortgage rates increased between January and June this year according to Moneyfacts, despite headline-grabbing 0.99% deals coming to the market.
- Time to lock into a cheap fixed mortgage deal?on June 2, 2021 at 8:09 am
While lenders have offered some of the cheapest deals in history in the past year, fears of inflation on the horizon means rates could soon start to rise.
- A property boom, rock bottom rates and a borrowing bonanzaon June 2, 2021 at 8:08 am
At the heart of most people’s finances is a mortgage, which is typically the largest outgoing for families every month.
- House prices surge 10.9% in year to May but could ‘fall back down to earth’ over summeron June 1, 2021 at 1:03 pm
House prices soared by 10.9 per cent annually in May, marking the strongest growth in nearly seven years, according to the Nationwide house price index.
- Help to Buy owners find rising house prices have bumped up their debtson June 1, 2021 at 8:38 am
Those who bought using the scheme years ago face paying back more than they initially borrowed on initially interest-free taxpayer loans, due to accelerating house prices.
- The 18-year property cycle tips a house price boom then crash in 2026on June 1, 2021 at 6:22 am
We speak to Fred Harrison, a British author and economic commentator, who successfully predicted the previous two property crashes years earlier.
- Banks call to expand mortgage loan scheme for struggling borrowerson May 28, 2021 at 7:38 am
Banks are calling on the Government to cut waiting times for the Support for Mortgage Interest scheme, which provides loans to borrowers receiving certain benefits, and open it up to part-time workers.
- Why a lower interest rate does not always mean the best mortgageon May 27, 2021 at 6:47 am
UK borrowers’ obsession with interest rates could lead to thousands of pounds in unexpected costs. Here’s how to compare fees and rates to make sure you’re getting the cheapest mortgage.
- Most money spent on homes in last 12 months since the financial crisison May 24, 2021 at 11:37 am
The total spent on properties in England and Wales in the year to March was 8.1 per cent higher than the £254.1billion spent the previous one.
- Properties in Portugal in demand: How to finance a holiday home overseason May 21, 2021 at 2:05 pm
Britons making enquiries about homes in Portugal surged 93% when it went on the green list, we reveal how to get a mortgage, what you might pay and how to avoid pitfalls.
- Home sales up 180% annually but stamp duty break end may dent marketon May 21, 2021 at 1:59 pm
Property transactions in the UK leapt 180% year-on-year in April, according to HMRC – but numbers fell significantly between March and April 2021 as buyers anticipated an end to the stamp duty holiday.
- Tight for space? Build a home in your gardenon May 20, 2021 at 11:57 am
Thousands are unable to find a new home that suits them at a price they can afford. But a growing number are are giving up part of their garden to build a home for a family member.
- The tiny-home movement: Cheap alternatives to home ownershipon May 19, 2021 at 2:52 pm
More first-time buyers are opting for cheap and cheerful alternatives. Marina Popova and Myles Jackson (pictured) bought their boat for £35,000 using savings and a loan.
- At war with your neighbour over a fence? This new mediation scheme could save you thousands on May 18, 2021 at 12:17 pm
After boundary disputes between neighbours spiked during lockdown, a new service aims to offer an alternative to court battles than can cost up to a quarter of a million pounds.
- Nationwide launches 5% deposit mortgage with lowest rate yeton May 18, 2021 at 10:57 am
Nationwide Building Society has launched a 5% deposit mortgage with a market-leading interest rate of 3.49%, as the range of options for first-time buyers continues to improve.
- Shortage of listed homes pushes house prices up furtheron May 18, 2021 at 6:49 am
Estate agents are lapping up strong sales and spiked buyer interest at present, but are still seeing listings stay woefully low, the Royal Institute of Chartered Surveyors said.
- The house price frenzy breaks all the rules, is
it about to overheat?on May 17, 2021 at 10:41 am
House prices have refused to succumb to the carnage wreaked on the UK economy by coronavirus and lockdown. We look at why and what may happen next.
- Average property asking price in the UK hits third of a million poundson May 17, 2021 at 9:04 am
The average asking price jumped by over £5,700, or 1.8 per cent, to a new ‘all-time high’ of £333,564 in a single month as buyers rushed to snap up homes with more space, according to Rightmove.
- Can I force my neighbour to prune a tree blocking light to my garden?on May 17, 2021 at 7:31 am
My neighbour’s tree is blocking the sunlight in my garden, but he is refusing to do anything because he says it acts as a privacy screen from other properties. Can I cut it down myself?
- Trying to make the stamp duty deadline? Here’s how to speed up your house purchaseon May 17, 2021 at 6:35 am
Homebuyers hoping to complete ahead of the next stamp duty deadline may find they are unable to do so in time due to conveyancing delays.
- Many properties being sold even before they hit the marketon May 16, 2021 at 10:42 am
An off-market sale is one where the property is not marketed publicly – with the sale arranged by a buying agent and clients looking to purchase without participating in a bidding frenzy.
- New loan deals help ease plight of first-time buyerson May 15, 2021 at 8:51 pm
Last year’s famine has turned into a relative feast, with more than 100 high loan-to-value mortgages now available – and more being launched every week.
- Homeowners paying over the odds for home insurance from their mortgage lenderon April 6, 2021 at 8:43 am
A significant number of homeowners could be overpaying for home insurance because they have bought a policy from their mortgage provider instead of shopping around.
- What should I do if I’m struggling with a monthly mortgage payment?on March 30, 2021 at 7:31 am
Currently, 43% of homeowners are worried about making their monthly mortgage payments. We explain what to do if your income drops, and how to remortgage with defaults on your record.
- How do I check an old extension conforms to building regs?on March 30, 2021 at 6:25 am
We just received the homebuyer report on our new period home, which raised concerns about an old loft conversion and extension. How can we ensure it’s safe and what survey do we need?
- The seven everyday habits that could harm your mortgage chanceson March 19, 2021 at 7:33 am
From sports betting to streaming subscriptions, we asked mortgage experts about spending habits that could raise mortgage lenders’ eyebrows – and how much of a risk they pose.
- Shed office: Six steps to take before taking the plungeon March 11, 2021 at 6:10 am
If you’re struggling to work at your kitchen table – and you have the luxury of a garden – it could be time to invest in a ‘shoffice’. Here’s everything you need to know about building a garden workspace.
- Should you care about the square footage of a UK home?on March 5, 2021 at 3:14 pm
Most Britons don’t know the size of their home in square feet, according to a new survey. But given that buyers now prize space above all else, has this become vital information?
- Home need a revamp? We explain how to fund it with a remortgageon March 1, 2021 at 8:50 am
A third of UK home renovators plan to fund their project with a remortgage, according to a new survey. But how do you go about getting equity out of your home? We explain how it works.
- Have our lodgers left us liable for capital gains tax now we want to sell?on March 1, 2021 at 8:50 am
This couple shared their home with three lodgers to help pay the mortgage. But now they want to sell, they could be landed with a capital gains tax bill. We asked three tax experts to explain the rules
- What survey should you choose when buying a home?on February 27, 2021 at 7:53 am
The last thing you want is to discover your beautiful new home is concealing nightmares behind every nook and cranny. But what type of survey should you choose? We explain the difference between them.
- Is it ever wise to take an interest-only mortgage?on February 22, 2021 at 7:59 am
Interest-only mortgages have become something of a taboo ever since the 2008 crash. But could they be a short-term fix for homeowners hit financially by Covid, or is taking one out too much of a risk?
- Would you haggle on a house price? We reveal the do’s and don’ts of negotiatingon February 18, 2021 at 11:30 am
Britons are at risk of paying over the odds on their house purchases, with 30 per cent of homeowners failing to negotiate on their current property. We explain how to do it successfully
- Renovating in lockdown? Here’s how to add most value to your homeon February 16, 2021 at 8:25 am
Housebound UK homeowners are on a quest to perfect their homes, as Britons spent hundreds more on renovations in 2020.
- It’s a tough time to be a first-time buyer – but these expert tips could help you on the way on February 6, 2021 at 8:33 am
Getting on the property ladder is an aspiration shared by millions of people across the UK, but prices increased 6.4 per cent in the last year according to Nationwide.
- Buying a home with potential to extend? Permitted development and planning permission explainedon February 4, 2021 at 11:08 am
Property listings on the online portals often carry the bullet point, ‘potential to extend subject to planning permission (STPP)’. And estate agents love to talk about ‘potential’.
- More than 300,000 property sales fell through last year – here’s how to get yours back on trackon February 4, 2021 at 11:07 am
A total of 306,198 property transactions fell through last year, representing a 12.26 per cent rise from 2019. We asked the experts what to do if your deal is in danger of being derailed.
- Searching for a home online? Use these tech trickson February 3, 2021 at 2:02 pm
With thousands of homes at your fingertips, searching on Rightmove of Zoopla can feel like looking for a needle in a haystack. We reveal little-known tech tricks to help you beat the competition.
- How long do offers last, and what if I have bad credit? We answer the most-asked mortgage questionson January 28, 2021 at 10:54 am
Britain’s most commonly asked mortgage questions have been revealed following analysis by Comparethemarket.com. We went to three mortgage experts to find the answers.
- One in four homeowners on highest mortgage rate – and some wrongly think it helps pay it off quickeron January 25, 2021 at 1:51 pm
Research by online broker Habito found that 27% of people were on a standard variable rate – lenders’ ‘default’ rate which buyers drop on to when the initial term of their mortgage deal ends.
- How can I choose an estate agent and how much should I pay?on January 4, 2021 at 1:27 pm
The fees vary a bit, can we negotiate on them and what is the best way to do this? Is there a way to incentivise the agent to get us the best price?
Wednesday, September 22, 2021