Nationwide mortgage boost for first-time buyers
on November 22, 2020 at 12:29 pm
Chief executive Joe Garner said the building society is looking at how it can ‘safely go further’ with loans to customers who need to borrow 90 per cent of a property’s value.
Stand-off in the housing market: House building plummets by a third in 2020
on November 20, 2020 at 4:54 pm
With barely six weeks of 2020 left to go, the UK’s seven largest house builders have reported housing completions are down, on average, by 35% from a year ago.
UK house prices rise 4.7% to £245k high due to stamp duty ‘holiday’
on November 18, 2020 at 4:05 pm
It meant property values in the UK were £11,000 higher on average in September than a year earlier, according to the Office for National Statistics (ONS).
Asking prices for property dip as home sellers ‘get real’ to beat stamp duty deadline
on November 16, 2020 at 8:49 am
Half a per cent or £1,505 was shaved off the average home placed on Rightmove compared to September, which suggests a pause in the house price mini-boom.
Mortgage rates plummet for those with lots of equity while 90 per cent mortgages get more expensive
on November 13, 2020 at 7:47 am
Appetite to lend on 90 per cent mortgages has dropped significantly with Moneyfacts analysis revealing there are now just 56 fixed and variable rate products available, down from 779 in March.
Want to unlock cash tied up in your home? Read our equity release guide
on November 12, 2020 at 4:14 pm
The Mail on Sunday has produced an essential guide for people aged 55 or over who are looking to unlock cash from their homes to boost their finances.
Is the property market ‘mini-boom’ over already?
on November 12, 2020 at 10:19 am
Murray Wills, a director at estate agency Page & Wells in Maidstone, has warned that the country’s housing market faces a myriad of threats in the not too distant future.
Missed loan payment: Two million miss mortgage and loan repayments but could still get a mortgage
on November 7, 2020 at 8:11 am
Those who have a history of struggling to keep up with debt repayments are about 50% more likely to have got further into debt as a result of the pandemic than those with good payment credentials.
Halifax: House prices rocket 7.5% in a year to add £18,000 to average home
on November 6, 2020 at 10:18 am
Halifax said that property inflation had hit its highest level since the middle of 2016 on its long running house price index.
As coronavirus support packages end, you can still get help
on November 3, 2020 at 12:11 pm
Just hours after government confirmed England would be plunged back into lockdown, banks and building societies confirmed they would extend financial support packages.
What does England’s new lockdown mean for the property market?
on November 3, 2020 at 12:02 pm
The deep freeze that the property market was plunged into by the first lockdown in March will not return, as England finds itself told to stay home again.
Five reasons NOT to start overpaying a mortgage
on November 3, 2020 at 8:47 am
Homeowners dream of the day they finally become mortgage free – but should you bring that happy day forward by overpaying your mortgage with savings?
Deadline looms for homebuyers to save thousands in tax
on November 2, 2020 at 1:18 pm
The Government’s stamp duty holiday expires at the end of March next year, but the average property purchase is currently taking four months to complete.
Record high house sales agreed post-lockdown push transaction pipeline up 50%
on October 30, 2020 at 7:41 pm
Record high sales agreed post-lockdown has led to some 140,000 more homes currently progressing through the system than at this time last year, Zoopla said.
Insta-mortgages are an instant hit with new lender Generation Home
on October 28, 2020 at 2:29 pm
Millions of first-time buyers struggling to raise a large enough deposit to qualify for a mortgage might find they now have an alternative option – available through Instagram.
We show you how to make sense of the mortgage mayhem
on October 28, 2020 at 10:16 am
Borrowers are facing being hit as banks axe deals and hike rates. Delays also mean homebuyers are at risk of missing out on stamp duty savings. Don’t despair, here’s everything you need to know.
Mortgage holidays end: How to get your finances back on track
on October 23, 2020 at 7:07 am
While the scheme officially ends at the end of the month, banks today confirmed that they will offer a range of options to support the financially vulnerable.
Banks refuse to mortgage flats over cladding fears
on October 22, 2020 at 9:26 am
Growing numbers of homeowners are resorting to firms that pay cash for unwanted properties at cut prices. Some have been forced to accept reductions of 40 per cent on their asking price.
House prices pushed to record high but local lockdowns loom
on October 22, 2020 at 8:53 am
In the year to August, property prices increased by an average of 2.5 per cent, or £6,000 compared to a year ago, the Office for National Statistics and Land Registry said.
Stop the stamp duty cut driving up house prices by making it permanent
on October 22, 2020 at 5:00 am
Warned as they may be that it could prove a false economy, aspiring home buyers are busy trying to move before the stamp duty holiday deadline.
Should you buy a home in the stamp duty holiday or will it cost you more?
on October 21, 2020 at 2:35 pm
Financial giant L&G said purchases can take three to five months to complete, but with asking prices hitting a record high, rushing to buy could prove a false economy.
Is an offset mortgage the best way to make the most of your money?
on October 19, 2020 at 3:29 pm
An offset mortgage allows you to keep your savings with your mortgage lender and use the money to reduce how much interest you pay.
Farmers and land owners warned on Country Land Conservation
on October 19, 2020 at 8:57 am
A mystery organisation called Country Land Conservation sent letters to owners of fields, woodland and land saying it wanted to buy them to protect wildlife.
Mortgage crunch as rates creep up and deals are pulled
on October 16, 2020 at 1:46 pm
Mortgage rates have risen for the third consecutive month while the number of mortgage deals dropped for the fourth month in a row, with fewer than half of the deals available before lockdown still up for grabs.
Best mortgage rates: Compare fixed rate and tracker rate mortgage deals
on October 14, 2020 at 10:34 am
The average two-year fix increased by 0.14 per cent this month to 2.38 per cent- while the equivalent five-year fixed rate increased by 0.13 per cent, according to finance experts Moneyfacts.
Bristol tops list of the UK’s property hotspots of the last 10 years
on October 13, 2020 at 8:49 am
Easton, an inner suburb north-east of the West Country city, saw its average asking price for a home soar 120 per cent to £283,397 since 2010, according to Rightmove.
The hidden costs of moving house and how to avoid them
on October 13, 2020 at 8:00 am
We take a look at the hidden costs of moving as well as some of the easiest ways to save money in your new home.
Mortgage ‘fire sales’ set to become the norm
on October 12, 2020 at 8:51 am
Such offers are a growing trend in an industry struggling to cope with buyer demand while suffering from staff shortages as a result of coronavirus issues.
One out of two homeowners aged under 35 bankrolled by older generation
on October 12, 2020 at 8:41 am
High prices make buying property unaffordable for many young people, shutting out those whose families can’t afford to help, and pressuring older generations to subsidise deposits
Can you still make money with Airbnb?
on October 10, 2020 at 7:02 am
Landlords in seven UK cities including Manchester and Edinburgh could make more money listing their spare room on Airbnb one night per week, than if they rented it out full-time.
Are house prices having a Wile E Coyote moment?
on October 8, 2020 at 9:36 am
House prices have jumped, buyers are contending with asking price offers, and people have decided the worst recession in memory is a good time to move home.
How will the Prime Ministers plan to offer 95% mortgages work?
on October 8, 2020 at 8:57 am
In a speech to the virtual Conservative Party conference the Prime Minister said up to two million people who could afford repayments cannot currently do so due to the high cost of entry.
First-time buyers pay £140 more per month since the coronavirus crisis
on October 7, 2020 at 8:51 pm
Data from the Bank of England showed the average rate on a two year fixed mortgage with a ten per cent deposit rose from 1.97 per cent in February to 3.32 per cent last month.
House prices reach £250k and are up 7.3% in a year, says Halifax
on October 7, 2020 at 1:14 pm
Rising activity in the housing market pushed the price of the average home up 7.3% in the last 12 months to £249,870, according to the Halifax index for September.
How Grenfell red tape has seen 30,000 home moves fall through
on October 7, 2020 at 8:12 am
Fears around cladding safety have left thousands of homeowners stuck in fire traps – facing long delays and huge bills to get repair work done. But sales are falling through on flats that are safe.
How 1.5m homeowners could be stuck in unsellable tower block flats
on October 4, 2020 at 8:43 am
Keeba Critchlow (pictured) is unable to sell her one-bedroom flat as a result of red tape introduced in the wake of the Grenfell Tower fire.
Give homeowners help to pay their mortgages, think tank tells government
on October 2, 2020 at 7:13 am
Millions of households opted to put their monthly mortgage payments on hold, but many are now worried about what will happen to their finances once the scheme ends at the end of this month.
Do I have to tell my mortgage lender I’ve been made redundant?
on October 1, 2020 at 10:39 am
I am in the middle of buying a home and have had my mortgage application approved. However, I have just been told my company is making me redundant.
House prices jump 5% on stamp duty holiday and lockdown itchy feet
on September 30, 2020 at 9:48 am
Nationwide said the average price of a home across the country has now spilled over the £225,000 mark for the first time on its long-running index.
Could you save thousands by paying to swap your mortgage?
on September 30, 2020 at 8:12 am
At the time, the Bank of England base rate – on which interest charges are based – had been steady at 0.75 per cent for over a year, having gradually climbed since 2017.
First-time buyers frozen out of housing market
on September 28, 2020 at 6:55 pm
Last month, the proportion of homes sold for more than their original asking price hit its highest level in nearly five years, according to estate agents.
Only ONE mortgage is left for 90% borrowers
on September 28, 2020 at 10:17 am
Lenders have pulled almost all of their remortgage deals for those borrowing at a high loan-to-value rate, research has found.
First-time buyers DENIED amid the housing market boom
on September 24, 2020 at 4:06 pm
Nearly half of all prospective first-time buyers have had to delay their plans by up to a year, new research from challenger bank Aldermore found.
Couple hit with €80,000 in mortgage fees by Commerzbank
on September 24, 2020 at 9:13 am
Justin and Annabelle Parfitt, once Canadian reality TV stars turned property developers, bought an undeveloped loft in Berlin three years ago with the intention of fixing it up and selling it on.
Halifax pulls its two-year fixes as lenders continue to pull up the drawbridge
on September 22, 2020 at 6:39 am
Experts say the move is designed to help retain the bank’s ‘low risk, high quality’ mortgage customers for longer by not allowing a two-year option.
Delay to get mortgage blamed on home working at banks
on September 21, 2020 at 9:38 am
Sources said banks are failing to cope with a sharp rise in applications because so many staff are working from their kitchen tables.
Struggling to get mortgage? Try broker or small lender
on September 21, 2020 at 7:19 am
It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown.
Mortgage holidays are ending soon but banks will still offer support to the most vulnerable
on September 19, 2020 at 11:14 am
Taking a mortgage holiday could severely hamper your ability to refinance in future. Zane Groves of financial adviser firm Light Blue said: ‘If you don’t need a mortgage break, don’t take one.’
The price is NOT right: Home sellers warned against overpricing
on September 18, 2020 at 7:29 am
Analysis from Rightmove has found that just one third of sellers who listed a property for sale but then had to reduce the asking price found a buyer between the months of May and September.
My abusive ex partner is threatening to sue me for half my flat
on September 18, 2020 at 7:27 am
He is not allowed to contact me due to domestic abuse but is instead contacting my parents in an attempt to intimidate me.
What’s the best way to get an offer on a house accepted?
on September 17, 2020 at 2:04 pm
While a quarter of sellers would consider a reduction between 5 per cent to 10 per cent on asking price, around a third say they wouldn’t accept a lower bid at all.
House sales frenzy: Should you ever pay over the asking price?
on September 16, 2020 at 1:19 pm
Britain’s house buyers have seemingly gone bonkers as prices soar to record highs while the economic bad news keeps coming. But should you pay up for a dream home?
Bank of Scotland facing court over shared appreciation mortgages
on September 15, 2020 at 7:33 am
Law firm Teacher Stern has been locked in discussions with the Lloyds Banking Group-owned lender since 2016 in an attempt to negotiate compensation for customers.
House prices to fall 14% next year, Cebr says
on September 14, 2020 at 11:29 am
Economists at the the Centre for Economics and Business Research made the gloomy prediction that a slump will follow the current mini-boom.
Home sellers and buyers warned to act within weeks if they want to benefit from stamp duty holiday
on September 14, 2020 at 7:18 am
Property sellers need to market their home by the end of September if they want to get the transaction in before the 31 March 2021 stamp duty deadline, according to NAEA Propertymark.
Buyers with a 10 per cent deposit have one day to secure a mortgage from TSB
on September 11, 2020 at 7:38 pm
TSB is the latest bank to offer small deposit mortgages for a limited time, with its 90 per cent loan-to-value deal open to applications today but takes it off the market at 5.30pm.
Shared ownership homeowners will be able to buy their home 1% at a time from April
on September 11, 2020 at 9:02 am
First-time buyers struggling to keep up with rising house prices may have been thrown a lifeline as the Government announced an overhaul to the shared ownership scheme.
A third of homes are multi-generational with granny flats becoming popular
on September 10, 2020 at 11:01 pm
A third of UK homes are now multi-generational, mainly due to adult children living with their parents, new research has revealed.
Rics: First-time buyers risk being priced out as house prices rise
on September 10, 2020 at 8:28 am
‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, Rics said.
Fears surface for first-time buyers as lenders pull low-deposit mortgage deals
on September 10, 2020 at 6:51 am
First Direct became the latest lender to stop lending to borrowers with just a 10 per cent deposit, following HSBC which pulled its deals late last week.
Natwest and Barclays limit how much they will lend to homebuyers
on September 7, 2020 at 8:49 am
Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously. NatWest also quietly reduced the amount some customers can borrow.
Is Britain’s house price boom destined to be short-lived?
on September 2, 2020 at 2:48 pm
House prices have hit a fresh record high, according to Nationwide’s long-running index as the property market seemingly defies economic gravity.
HSBC axes 90% mortgages hitting first-time buyers
on September 2, 2020 at 1:10 pm
One of the only banks to offer 10 per cent deposit mortgages has pulled them, leaving just tens of such deals on offer compared to almost 800 before the pandemic.
How an offset mortgage can beat pitiful savings rates
on September 2, 2020 at 12:39 pm
An offset deal is where you stash your savings with the same bank or building society you have your mortgage with and use the money to reduce how much interest you pay.
Bank of Mum and Dad gets busy raising deposits for young home buyers
on September 1, 2020 at 10:40 am
Almost one in four purchases this year will be backed by parents, family and friends, according to a survey by insurance giant Legal & General and the Cebr.
Top 10 affordable locations for first time buyers revealed
on September 1, 2020 at 6:16 am
With lenders tightening up their criteria and scrapping a string of high loan-to-value deals, many face an uphill struggle getting a foot on the property ladder in the current climate.
Got a spare room? Everything you need to know about the Rent a Room scheme
on August 31, 2020 at 8:08 am
If you rent your spare room out to a lodger, you could make an average of £590 per month. But do you know how to do this, how much tax you have to pay (if any) and who you need to declare it to?
Nightmare that stops millions with cladding selling their flats
on August 28, 2020 at 6:08 pm
James Gilham, his partner and one-year-old daughter have been unable to move to their dream home because they cannot get documents to show that the flat they were selling is not a fire risk.
Care home costs spiral to £33k a year – and homeowners over 50 are worried
on August 27, 2020 at 2:59 pm
In a damning indictment of the costs faced by many, nearly half of people aged over 50 with their own home think they will have to sell their property in order to be able to pay for their own care.
Virgin Money launch new 90% LTV mortgages with a number of restrictions
on August 27, 2020 at 7:59 am
In recent months, the number of options for those with a 10% deposit has dried up thanks to coronavirus. Virgin has launched some this week- but not for new builds or flats.
Stamp duty holidays prove popular as demand outstrips supply
on August 26, 2020 at 2:45 pm
South East commuter towns have seen the biggest annual jump in home seller numbers, while national demand jumps 61 per cent as stamp duty holiday creates a frenzy
Would you buy protected land that you can’t build on? We highlight how some land is being miss-sold
on August 19, 2020 at 2:55 pm
It’s not illegal to sell protected land but there are some marketing it as land that could be allowed future development rights when in fact there is slim chance that this would ever be approved
Top 10 most affordable UK towns to buy a home in
on August 19, 2020 at 2:20 pm
Three of the five most affordable towns to buy a home in the country are in County Durham, with property prices in top-ranked Shildon coming in at around the £60,000 mark.
Cheap mortgages may soon be a thing of the past as experts warn ‘perfect storm’ could push up rates
on August 18, 2020 at 9:50 am
A cocktail of uncertainty about the future of house prices, millions facing redundancy and a huge surge in demand from borrowers seeking loans after the recent stamp duty cut has put the brakes on.
Property market has its busiest month ever, says Rightmove
on August 17, 2020 at 1:05 pm
Asking prices rose over the month in ten out of the 12 regions covered, with the exceptions being the South East seeing a 0.2% dip and London a 2% fall.
Is it worth swapping a buy-to-let for a holiday let?
on August 17, 2020 at 8:37 am
As foreign travel is curbed and staycations become more popular many investors are eyeing holiday lets as a potentially lucrative safe haven for their cash.
What is driving the house price mini-boom in lockdown?
on August 15, 2020 at 9:16 am
Since the government lifted the ban on moving home estate agents have reported a surge in buyer enquiries, house prices have remained strong, and mortgage applications have rebounded.
How to buy a property in a pandemic: Our guide for first-time buyers
on August 13, 2020 at 7:47 am
Buying a first property can be a daunting experience, but ultimately rewarding. We take a look at what you need to know – from cobbling together a deposit to finding a mortgage deal.
Stamp duty calculator: What will the 2020 cut save you?
on August 11, 2020 at 2:54 pm
How do the new and old rates of stamp duty compare and how much could you save in buying a home? We crunch the numbers below.
New study finds 80% of older borrowers are turned away when they apply for a mortgage
on August 10, 2020 at 12:36 pm
A study by retirement mortgage specialist Responsible Life found that 82.8% of over-55s who needed a mortgage or remortgage didn’t qualify for any product of any kind.
Need to check out a house price? Land Registry can’t help
on August 8, 2020 at 9:32 pm
Due to staffing issues during the lockdown, the Land Registry stopped publishing data and now has a backlog – even though far fewer property sales were completed during those months.
House prices rally to hit their highest ever levels – but how long will the recovery last?
on August 7, 2020 at 9:58 pm
Prices saw an uptick for the first time since the lockdown began, according to the latest Halifax house price index, growing on average 1.6 per cent after months of decline and stagnation.
Bereaved families being denied mortgage holidays
on August 5, 2020 at 8:57 am
UK Finance insists ‘all customers’ can put off mortgage payments if they ask. But brokers say those in need are increasingly being denied – especially if they are requesting their second mortgage holiday.
Purple Bricks may stop cheap fixed fees and start charging commission
on August 4, 2020 at 8:56 am
The agent, which today posted a £9.4million operating loss, announced plans for a pilot to test a ‘hybrid system’ of a reduced flat fee plus commission.
Government extends the Help to Buy build deadline beyond December
on August 3, 2020 at 10:56 am
While Help to Buy in its current form will still end in March next year, house builders will now have an extra two months to finish building properties eligible for the scheme.
First-time buyers face rising mortgage costs as HSBC and TSB up high LTV rates
on August 3, 2020 at 10:01 am
A range of lenders increased their rates on high loan-to-value mortgages last week, even though the Bank of England interest rate has remained rock bottom at 0.1 per cent.
Can you really hunt for your dream home under Covid rules?
on August 3, 2020 at 8:58 am
Stepping out into the brave new world of house hunting is daunting in the wake of the coronavirus crisis. Toby Walne finds out what it is like.
How to work out what to pay for a house after prices see surprise jump
on August 3, 2020 at 8:56 am
Pent-up demand after a spring freeze combined with Rishi Sunak’s stamp duty giveaway, has boosted parts of the housing market but is it wise to buy or sell now?
Number of low deposit deals continues to fall despite Nationwide re-entering the market
on August 1, 2020 at 8:30 am
The number of deals available has continued to drop over the past month, despite lenders like Nationwide and Coventry Building Society reintroducing products.
MARKET REPORT: Coronavirus vaccine talk lifts pharma’s big hitters
on July 31, 2020 at 5:11 pm
Glaxosmithkline was on the up after an independent panel in the US encouraged regulators to approve the company’s experimental therapy for a common type of blood cancer.
House prices up £4,500 but Nationwide warns of a ‘false dawn’
on July 31, 2020 at 1:57 pm
‘The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions,’ said Nationwide.
Battle for fair treatment of shared appreciation mortgage customers is STILL raging
on July 31, 2020 at 6:17 am
A challenge led by law firm Teacher Stern is seeking to secure fairer charges for these borrowers, but pre-action talks are still going on more than two years later.
Would you pay an estate agent £99 to sell your home for you?
on July 28, 2020 at 7:10 am
An agent that you don’t have to meet face-to-face in a high street branch may seem more appealing than ever, but could saving money using an online agent end up costing you in the long run?
Tenancy agreements should have break clauses, students say
on July 26, 2020 at 9:10 am
According to a survey, 89 per cent of students and 91 per cent of parents would like such a break clause automatically included in all student tenancy agreements.
Bodgers beware: That DIY disaster could cost you £2,000
on July 26, 2020 at 8:30 am
Research shows that almost a third of households have ended up paying for a professional when DIY tasks have failed.
Now City watchdog tells banks they CAN reject loans if you took break
on July 26, 2020 at 8:27 am
The FCA has given banks the green light to deny mortgages to customers who have taken loan holidays during the Covid-19 pandemic. Lisa Welcome (pictured) was refused a mortgage.
Think tank suggests capital gains tax is applied to all homes
on July 24, 2020 at 7:03 pm
The Social Market Foundation is proposing a 10 per cent tax on the gain made from a rise in house prices when a property is sold, or when it is inherited after the owner’s death.
Boost for first-time buyers as lenders offer 10% deposit mortgages
on July 22, 2020 at 8:13 am
Nationwide and Metro Bank will offer 90 per cent loan-to-value deals after they were axed during lockdown. Nationwide cited the Chancellor’s stamp duty holiday as a factor behind its decision.
Government advisers propose radical leasehold reform potentially helping thousands of families
on July 21, 2020 at 9:28 am
Government advisers have proposed a raft of new radical reforms in its final report on a review of the sector two years in the making.
‘Mini boom’ pushes house prices to record high, says Rightmove
on July 20, 2020 at 1:04 pm
The property portal said the average asking price of homes coming to the market in Britain is 2.4 per cent, or £7,640 higher, than before the lockdown at a record £320,265.
Switching app will soon Snoop on mortgage deals
on July 18, 2020 at 8:55 pm
The free-to-use app was launched in April. It uses new ‘open’ banking rules that permit it to scrutinise a person’s banking and credit card transactions and then recommend cheaper deals.
How will coronavirus change the way we buy homes in the future?
on July 17, 2020 at 6:35 am
While lockdown may in part be over, a lot of the new property-buying conventions might be sticking around for some time. So what does the new future of buying a home look like?
House prices still at risk a despite stamp duty cut and 90% mortgages
on July 16, 2020 at 8:31 am
After the stamp duty holiday gave the property market a boost, Nationwide stepped back into the 10% deposit mortgage market.- but with rates hiked.
OBR warns house prices may fall almost 15%
on July 15, 2020 at 8:09 am
The Office for Budget Responsibility said prices could fall 2.4 per cent this year and 11.7 per cent next year. That would push the average price down from around £230,000 to below £200,000.
Nationwide and Coventry BS bring back 90% mortgages
on July 13, 2020 at 5:05 pm
Nationwide, the UK’s largest building society, and fellow giant Coventry BS have said they will offer up to 90 per cent loan-to-value deals once more.
Estate agents say stamp duty holiday has sparked demand
on July 11, 2020 at 9:07 am
Enquiries from house hunters have surged since Chancellor Rishi Sunak announced the nine-month tax cut in his mini-Budget summer statement on Wednesday.
Can we claim back stamp duty on a flat bought last week?
on July 10, 2020 at 2:37 pm
Can we now claim back this tax since we missed out on the new stamp duty holiday by just a few days?
New TSB mortgage deal lets you leave early without any charges
on July 10, 2020 at 6:30 am
The deal, known as the ‘Fix and Flex’, lets borrowers fix their rate for five years, but unusually charges you for leaving early in just the first three years of the deal.
House prices may fall 5% this year and 11% in 2021 says CEBR
on July 9, 2020 at 5:31 pm
The Centre for Economics and Business Research has warned that it does not expect house prices to return to pre-pandemic levels until ‘at least’ 2023.
What 1.8million mortgage holiday users must know
on July 8, 2020 at 8:39 am
Around 1.8 million homeowners have taken a three-month payment break since the lifeline was announced. Borrowers have until the end of July to extend current holidays by a further three month.
Saffron BS mortgage gets cheaper if you make your home greener
on July 7, 2020 at 7:36 am
Saffron Building Society is offering environmentally conscientious homeowners the chance to save money on their mortgage by making their homes greener.
Delaying a stamp duty cut could freeze the property market
on July 6, 2020 at 8:51 pm
Chancellor Rishi Sunak is reported to be considering plans to wipe out stamp duty paid on homes bought for less than £500,000 to help boost the economy.
Britons eye up villas in Spain and Greece as restrictions ease
on July 4, 2020 at 10:25 am
In a single day on 28 June, 1million searches were carried out by people via Rightmove for properties abroad, but it remains to be seen the extent to which wanderlusting turns into cash for sellers.
Cut stamp duty for downsizers, property bosses urge
on July 2, 2020 at 2:42 pm
Older people often live in properties that are too large and unsuitable for their needs while young people struggle to find a home of their own.
Shed offices are the new conservatories as the outhouses increase in popularity
on July 2, 2020 at 10:17 am
Whilst building a conservatory used to be the most convenient way of adding space to your home, ‘shoffices’ are usually much easier and quicker to install – even if they cost a similar amount.
Barclays now lets you fix your mortgage for a decade at 1.99%
on June 30, 2020 at 10:03 am
The deal, which is available up to 60% loan-to-value and carries a £999 fee, is the first of its kind to offer 10 years of payment security for an interest rate under 2%.
Mortgage approvals fell to record low in May amid crash fears
on June 29, 2020 at 2:45 pm
Just some 9,300 mortgages to buy homes were handed out in May, down from around 15,800 in April, some 56,100 in March and 90 per cent below the February level, the Bank of England said.
Home buyers with a 15% deposit facing loans squeeze
on June 28, 2020 at 9:36 am
The number of mortgage deals available to borrowers with a 15 per cent deposit has almost halved from 664 to 357 since March, according to analyst Moneyfacts.
Expect house price declines at the end of the year, Zoopla says
on June 24, 2020 at 8:34 am
Property website Zoopla said sales agreed over the past four weeks have bounced back to just above pre-Covid levels, with the bulk of the rise in northern cities.
Mortgage crunch makes it harder to get a foot on the property ladder
on June 24, 2020 at 7:13 am
A rising number of lenders have ended 5 per cent and 10 per cent deposit mortgages. The move has left many young buyers ‘effectively barred’ from the housing market.
Mortgage crunch as banks axe 90% of 10% deals in lockdown
on June 22, 2020 at 10:31 am
Banks and building societies have pulled more 10% deposit mortgage deals in the past four months than in the entire first year of the financial crisis.
How much are house prices forecast to rise near you over five years?
on June 20, 2020 at 6:55 am
Property sales will slump more than previously expected and remain subdued into next year, estate agent Savills has warned, as it issued new house price forecasts
First-time buyers hit by a mortgage crunch but family deals may help
on June 19, 2020 at 11:33 am
There are currently several niche mortgage deals on the market that may help a first-time buyer struggling to find the right 90 per cent loan-to-value deal.
Top ten most popular locations among prospective buyers in England now
on June 18, 2020 at 10:34 am
Hereford and places further north like Wigan, Rochdale, Wilmslow and Bolton have all seen surging demand among prospective buyers over the last fortnight, new research shows.
Lenders allow homeowners to move to a better rate four months early
on June 17, 2020 at 8:24 am
Mortgage lenders Nationwide, Santander, Clydesdale Bank, TSB and Halifax are all offering the chance to transfer in advance without exit fees, making substantial savings.
Optimistic sellers push up asking house prices after property freeze
on June 15, 2020 at 4:28 pm
Asking prices in June were higher than in March despite dire forecasts of a collapse in house prices.
Beware quick house sale firms that can lead to a hefty loss
on June 10, 2020 at 5:19 pm
Experts say they have seen a surge in misleading advertising from agents who promise to sell properties within weeks.
Country homes worth £1m lead the way as property sales edge back up
on June 10, 2020 at 3:09 pm
A swathe of would-be buyers looking to relocate to the country are driving the premium end of the housing market, said property listing website Zoopla.
Should I extend my mortgage holiday by another three months?
on June 9, 2020 at 5:05 pm
Some 1.8million homeowners have opted to take a mortgage holiday since the lockdown began in March, but many may not need to extend.
Halifax says property prices fell 0.2% monthly in May 2020
on June 5, 2020 at 9:54 am
The fall took the average house price in Britain to £237,808, the lender said – this is 2.6% higher when compared with the same time a year earlier.
Can I stop my repossessed home being sold at a knock down price?
on June 5, 2020 at 7:38 am
A friend of mine had their house repossessed in late February, just before the lockdown began. Can he stop his lender from selling while house prices are so low?
The Covid mortgage makeover: Crisis means more delays but low rates
on June 3, 2020 at 11:46 am
Borrowers applying for a mortgage to buy a home or remortgage should get prepared but they can save money.
House prices suffer biggest drop since February 2009, says Nationwide
on June 2, 2020 at 8:43 am
In May, the average cost of a home fell by 1.7 per cent month-on-month, marking the sharpest decline since the depths of the financial crisis.
Homes face 14% price slump says
on June 1, 2020 at 1:30 pm
The boss of Britain’s second largest mortgage lender said first-time buyers and those stepping up the ladder into their second home would be deterred from purchasing in the midst of a recession.
Will I lose my deposit if I back out of a new-build home purchase?
on June 1, 2020 at 7:11 am
As property prices are expected to fall as a result of the coronavirus I do not want to complete the transaction and buy the property.
Down valuations: Surveyors are likely to undervalue after coronavirus
on May 30, 2020 at 1:05 pm
While the recent flurry of activity shows promise, property industry insiders say the housing market is still frozen in its tracks. Why? Because nobody knows how to value homes accurately.
Raffle House still 20k tickets short of Whitechapel flat target
on May 29, 2020 at 6:15 am
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
I’m worried about my job – can my lender withdraw my mortgage offer?
on May 28, 2020 at 7:56 am
Your lender has the right to reassess your finances at any time that it pleases, meaning that if your situation changes dramatically they could withdraw their offer.
Financial Conduct Authority warns over mortgage holiday debt threat
on May 27, 2020 at 8:16 am
Homeowners who have deferred their mortgage payments are being warned against a debt binge after the go-ahead to extend mortgage holidays by three months has been approved.
Home buyers cut their offers in the face of the coronavirus crash
on May 24, 2020 at 10:23 pm
The impact of coronavirus is still being felt in the property market – from nervous sellers to buyers trying to scoop a possible bargain.
Mortgage holidays have been extended – how does it work and what will it cost you?
on May 22, 2020 at 1:44 pm
The scheme, initially set up in March, has been extended so that the deadline for applying for an repayment break is now 31 October, with borrowers eligible for a break of up to six months.
HMRC: Property transactions at lowest level since records began
on May 21, 2020 at 5:52 pm
In April there were 38,060 transactions completed, which is less than half the number seen at the same point a year ago, HM Revenue & Custom’s latest figures suggest.
Is after lockdown a good time to buy or sell a house?
on May 20, 2020 at 8:05 am
We have spoken to property experts across the country to help you navigate the confusion.
Mortgage rates at lowest ever level but fail to keep pace with BoE cut
on May 14, 2020 at 12:42 pm
Individual deals have been cheaper in the past, despite the Bank of England slashing base rate to a record low of 0.1 per cent
House prices will take a year to recover, Rics warns
on May 14, 2020 at 8:04 am
Rics member estate agents said they expected house prices and sales to fall in the months to come
House prices will fall 7% says agent, but BoE predicts a 16% drop
on May 13, 2020 at 2:42 pm
Knight Frank said prices had probably already fallen 5%, as the Government revealed the property market can reopen immediately.
Can you move home now? What the property market restart means
on May 13, 2020 at 2:41 pm
The Government said estate agents could restart viewings and home moves could go ahead again, but how will this work? We explain.
Would you buy a home at a lockdown auction without being able to see it first?
on May 11, 2020 at 12:28 pm
The ballroom has now been moved to the bidder’s homes with a live stream taking place on the Savills website and bids being taken from those on the phone, by proxy and through the internet.
Should we drop our offer on a house because of coronavirus?
on May 11, 2020 at 7:12 am
We don’t want to gazunder the seller, but also we don’t want to harm our own finances and pay over the odds at a time of economic uncertainty.
Halifax index: House prices fall in April 2020 thanks to coronavirus
on May 7, 2020 at 11:04 am
Property values were down by 0.6% in April compared to March, the biggest fall since March 2018, according to the latest data from Halifax.
Tuesday, November 24, 2020