- How to become a property guardian and save on your renton January 22, 2021 at 9:41 pm
This is Money takes a look at what being a property guardian involves, how much you could potentially save and how the pandemic has affected the industry.
- Lenders start to reduce rates for 10% deposit mortgages – but will they continue to head lower? on January 22, 2021 at 2:10 pm
Metro Bank, Nationwide and Barclays have all dropped the interest rates on their 10 per cent deposit mortgages, which are popular with first-time buyers – but rates are still higher than pre-pandemic
- New mortgage lender claims it will let you lock in your interest rate for THIRTY yearson January 22, 2021 at 8:03 am
Perenna, which is hoping to launch this summer, says it will allow borrowers to fix the rate of interest on their mortgage for up to 30 years – meaning that they would not need to constantly remortgage.
- The cities where first-time buyers save deposits fastest – and two where it takes 25 YEARSon January 22, 2021 at 8:02 am
First-time buyers in Vaduz, Bern and Copenhagen can save up for a house the fastest, according to a new report – while those hoping to get on the ladder elsewhere could have to wait a whopping 25 years.
- Top 15 best places to live in England Wales nowon January 22, 2021 at 7:49 am
Bath in Somerset, Tenby in Pembrokeshire, Bradford on Avon in Wiltshire, Ilfracombe in Devon and Canterbury in Kent made up the top five of the most sought-after locations.
- Property sales in December up over 30% on 2019 levelson January 21, 2021 at 1:12 pm
On a provisional seasonally adjusted basis, there were 129,400 residential sales completed in December, which is 13 per cent more than in November 2020, HMRC said today.
- Home repossessions set to surge after support schemes endon January 20, 2021 at 6:47 pm
Thousands of borrowers have struggled to pay the mortgage in the virus crisis – with close two million taking a break from repayments. Last year 2,900 properties were repossessed by lenders.
- House prices in the UK reach record high of £250k on averageon January 20, 2021 at 3:11 pm
The average cost of a home increased by 7.6 per cent over the period, up from a 5.9 per cent rise in the year to October, fresh figures from the ONS has revealed today.
- Pandemic pushes older home owners into thinking about downsizing sooneron January 20, 2021 at 9:34 am
A survey of homeowners aged 55 and over, by retirement home builder Audley Group, found 34 per cent want to move to a better area and 29 per cent want to be closer to family and friends.
- Property searches double for the Cotswolds in lockdownon January 20, 2021 at 12:01 am
The area’s pretty rural villages have long been a favourite among the rich and famous and lockdown has seen a fresh surge of interest.
- How to save your house sale from the stamp duty cliff edgeon January 19, 2021 at 9:50 pm
The stamp duty holiday’s days are numbered. Rishi Sunak is said to have ruled out an extension to the tax break that ignited the housing market in the pandemic and saved buyers more than £3bn.
- Average first-time buyer must save more than a YEAR’S salary for a deposit on a homeon January 19, 2021 at 8:55 am
Nationwide found that London first-time buyers will save for an average of 16 years, but in Scotland and the North East it is less than six – and more have been taking help from family and friends.
- Hope for home buyers? Petition forces parliament to debate six-month extension to stamp duty holidayon January 18, 2021 at 1:05 pm
The Government must debate whether the tax break, which can save buyers up to £15,000, will be extended to the end of September after a petition gained more than 100,000 signatures.
- Rightmove warns 100,000 buyers on track for unexpected stamp duty billon January 18, 2021 at 11:17 am
Average asking prices started to drop in the past month and there are now well over 600,000 homes caught up in a completion log-jam ahead of the stamp duty holiday ending on 31 March.
- Santander joins mortgage lenders turning off the tap for self-employed with new 40% deposit ruleon January 15, 2021 at 7:51 am
Santander has excluded self-employed home buyers from its lower-deposit mortgage deals, meaning that new borrowers will now need a deposit of at least 40%.
- Deposits are falling, rates rising and prices uncertain. Should I buy my first home during Covid?on January 14, 2021 at 10:31 am
The return of low-deposit mortgages means it is once again possible to get on the ladder – but there is a chance mortgage rates and house prices may fall in 2021. Should first-time buyers move now or wait?
- House prices set to fall ‘significantly’ in the coming monthson January 14, 2021 at 9:10 am
Last month, property prices, sales and buyer demand all increased, but at a slower pace than seen in previous months, the Rics said in its latest closely-watched survey.
- As the cladding crisis rages, scandal of the homeowners shut out of £1bn support fundon January 13, 2021 at 9:54 am
Nathan Prescott from Manchester found out his building would not qualify for support for the replacement of its dangerous cladding because vital repairs had already begun.
- Can an architect and builder visit my house in lockdown?on January 11, 2021 at 8:38 am
We moved home last summer into a house that needs totally refurbishing and extending. Can we still do this in the new lockdown, as architects and builders would need to visit our home?
- Halifax: House prices hit record high in December but boom slowson January 10, 2021 at 1:14 pm
The mini-boom that arrived after the property freeze at the start of lockdown led house prices to climb 6 per cent last year, according to the Halifax index.
- Hopes for homebuyers as stamp duty date loomson January 10, 2021 at 9:43 am
Property experts are pushing for a ‘fairer’ phasing out of the end of March deadline, rather than a brutal cut-off date. Those who are already in the middle of a purchase would still benefit.
- HSBC brings back 10 per cent deposit mortgages, joining raft of other lenderson January 8, 2021 at 7:46 am
HSBC says it will resume offering 90% loan-to-value products from next week, following competitors such as Halifax and NatWest. It has not revealed what the rates will be.
- Remortgaging could save homeowners £169 a month – but most aren’t considering iton January 7, 2021 at 12:23 pm
TSB finds that the average homeowner could save an average of £2,000 per year by switching their deal – but that the majority of people are not considering remortgaging.
- Coventry Building Society brings back 10% mortgages, in boost for buyers seeking low-deposit dealson January 6, 2021 at 3:22 pm
The UK’s second-largest building society is reinstating 90% loan-to-value mortgages, frequently used by first-time buyers, after pulling its previous products due to Covid.
- Stamp duty holiday could be extended beyond Marchon January 5, 2021 at 6:16 pm
There are increasing calls for the tax break to be extended – both to allow for delays in the system caused by lockdown, and to galvanise the property market if the restrictions prove to be a dampener
- Selling your house in 2021? Here’s what you need to do to get the best priceon January 5, 2021 at 3:27 pm
Plenty of people will be looking to take advantage of the house price boom and sell up this year. From gorgeous gardens to video viewings, here’s how to get ahead of the competition.
- 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?
- It will be easier to get a 10% deposit mortgage in 2021, say experts – and rates could drop tooon January 4, 2021 at 8:04 am
Aspiring homeowners with low deposits had a torrid year in 2020 with deals vanishing and rates rising, but there are signs for optimism in 2021.
- London home mover exodus hita four-year high in 2020on January 4, 2021 at 7:54 am
The average London leaver paid £372,860 for their new home according to Hamptons International, and popular locations included Sevenoaks in Kent and Spelthorne in Surrey.
- How much did house prices really go up in 2020 – and what will happen in 2021?on December 31, 2020 at 8:33 am
Predictions about what the pandemic would do to property values were time and again proved wrong. The final property price indexes show a substantial increase across 2020 as a whole.
- Number of people searching for new homes online nearly DOUBLED this Christmason December 30, 2020 at 9:00 am
Rightmove had its busiest ever Boxing Day for visits, which jumped 54 per cent compared to 2019 – while Zoopla saw traffic on its website soar to 70.5 per cent more than pre-Christmas levels
- Where did property prices rise most in 2020 according to Halifax?on December 29, 2020 at 10:15 am
The news is potentially most welcome for would-be house sellers living in parts of London as well as Yorkshire, the West Midlands and northern Scotland – the areas with the biggest increases.
- Metro Bank sells off a third of its mortgage book to NatWeston December 21, 2020 at 3:24 pm
The bank has sold a third of its mortgages as it eyes a move into personal loans and credit card lending.
- Third of would-be buyers would ABANDON house move after stamp duty holiday endson December 19, 2020 at 8:44 am
Out of 1,000 people who were currently in the process of buying a home, 31% said they would not continue if they had not completed by 31 March.
- Borrowers looking for furlough-friendly mortgages skyrocket in Novemberon December 18, 2020 at 7:04 am
The number of UK workers looking for furlough-friendly mortgages skyrocketed during November following the extension of the Coronavirus Job Retention Scheme last month.
- House prices reach record high of £245k in October 2020 says ONSon December 17, 2020 at 10:49 am
While the property market surge continues, it stands in contrast to the floundering wider economy.
- Best first-time buyer mortgages: NatWest relaunches a 90% LTVon December 17, 2020 at 9:35 am
The relaunched 10% deposit mortgages are based on two and five-year fixed rates, and will also be available to people who are moving house
- Mortgage lenders turn against self-employed workerson December 16, 2020 at 9:43 am
Banks are imposing stricter checks on anyone who works for themselves due to fears their finances could take a hit due to the pandemic. But brokers say viable borrowers are being frozen out of deals.
- Building society bosses plead Government to ‘taper’ stamp duty holiday on December 15, 2020 at 6:34 am
Building society chiefs have asked Government to extend the stamp duty holiday for those who accept a mortgage offer by 31 March by an extra three months.
- How do I take part in the Halifax mortgage prize draw?on December 14, 2020 at 11:49 am
The monthly draw, which relaunched in May, sees home loans up to the value of £300,000 paid off by one of Britain’s largest lenders.
- We are planning to sell our home but suspect Japanese knotweedon December 14, 2020 at 10:54 am
We are pretty sure that Japanese knotweed has encroached from our neighbour’s land. We know this can be a problem, but we can’t afford not to sell. Do we need to tell the estate agent or lawyers?
- Rightmove: House prices forecast to climb another 4% in 2021on December 14, 2020 at 8:32 am
Average asking prices rose by 6.6 per cent in the year to December to £319,945, although they declined slightly over the past month, Rightmove said.
- House price inflation shows the stamp duty holiday was a false economyon December 13, 2020 at 10:34 am
The stamp duty holiday has been a handy lesson in how inflation works, but has it been a total failure? A better move would be a cut that lasts.
- First-time buyer 90% mortgages are reserved for ‘gold-plated’ borrowers, warn mortgage brokerson December 11, 2020 at 7:34 am
Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago.
- ‘Considerable concern’ over prospect of sharp drop in house saleson December 10, 2020 at 12:01 am
Average property prices continued to rise ‘sharply’ in most parts of the country last month, but buyer demand is showing some signs of losing steam as the year draws to a close.
- Nationwide mortgage holiday mix-up left our home move at riskon December 8, 2020 at 12:11 pm
The Allcrofts asked to extend their mortgage holiday in summer, but did not realise that Nationwide had set it up as two separate stints.
- Halifax: House prices up £15k since June outweighing stamp duty savingon December 7, 2020 at 1:40 pm
Its latest monthly house price index – which is based on mortgage approvals rather than actual sales prices – shows the price of an average UK home jumped 1.2 per cent in November to £253,243.
- Homebuyers hoping to move before Christmas are running out of timeon December 3, 2020 at 8:31 am
Charles Rickards of removal company, Aussie Man & Van, said that sales are up 30 per cent compared with the same period last year. ‘We are flat out like a lizard drinking,’ he said.
- Nationwide: House prices rise at fastest pace for six yearson December 2, 2020 at 3:28 pm
The rush to beat the stamp duty holiday deadline drove up the market, with experts describing a ‘mad stampede’ before the nine-month break ends on paying the fee on the first £500,000 of homes.
- Why doing up houses can be a flipping good ideaon December 2, 2020 at 3:27 pm
Deborah and Paul Marshall (pictured) flipped their fifth property in ten years last week – a three-bedroom home in East Yorkshire which they bought for £209,000 and sold it for £300,000.
- First-time buyer mortgages are back: Banks launch a host of new dealson December 2, 2020 at 9:27 am
TSB and digital bank Atom have joined Yorkshire Building Society to launch a range of loans for borrowers with a 10 per cent deposit, while Virgin Money cut its rates.
- Will stamp duty holiday continue after 31 March 2021 deadline?on November 30, 2020 at 10:36 pm
If purchases are delayed and miss the stamp duty holiday, lenders would be within their rights to withdraw mortgage offers, leading to the collapse of tens of thousands of transactions.
- How much have property prices risen where you live since 2000?on November 27, 2020 at 11:35 am
Out of 50 towns and cities, Manchester has seen the biggest jump in prices in two decades, with the average cost of a home jumping by 143 per cent from £73,910 to £179,537.
- Hope for first-time buyers as YBS launches 90% mortgageson November 26, 2020 at 6:36 pm
The move from one of Britain’s biggest building societies is better news for borrowers who have seen 90% of the mortgages for those with a 10% deposit in March axed.
- Mortgage prisoners find their freedom from 2008 clampdown on November 25, 2020 at 10:39 am
An estimated 250,000 borrowers are stuck on high-interest loans after a clamp down following the 2008 financial crisis prevented homeowners from remortgaging.
- Lenders shun the self-employedon November 24, 2020 at 7:57 am
Millions of self-employed workers, already facing the blight of Covid-19, are experiencing harsher treatment by mortgage lenders compared to salaried employees.
- Nationwide mortgage boost for first-time buyerson 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 2020on 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 deadlineon 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 expensiveon 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 guideon 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 mortgageon 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 homeon 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.
- Five reasons NOT to start overpaying a mortgageon 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 taxon 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 Homeon 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 mayhemon 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 trackon 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 fearson 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 loomon 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 permanenton 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 Conservationon 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 pulledon 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 dealson 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 yearson 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 themon 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 normon 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 generationon 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 crisison 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 Halifaxon 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 throughon 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 flatson 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 governmenton 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 feeton 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 marketon 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% borrowerson 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 boomon 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 Commerzbankon 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 drawbridgeon 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 bankson 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 lenderon 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 vulnerableon 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 overpricingon 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 flaton 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 mortgageson 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 sayson 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 holidayon 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 TSBon 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 Aprilon 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 popularon 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 riseon 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 dealson 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 homebuyerson 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 buyerson 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 rateson 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 buyerson 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 revealedon 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 flatson 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 worriedon 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 restrictionson 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 supplyon 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-soldon 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 inon 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 rateson 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 Rightmoveon 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 buyerson 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 mortgageon 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 helpon 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 holidayson 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 commissionon 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 Decemberon 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 rateson 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 jumpon 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 marketon 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 hitterson 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 ragingon 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 sayon 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 £2,000on 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 breakon 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.
Saturday, January 23, 2021