Struggling to get mortgage? Try broker or small lender
on September 19, 2020 at 8:51 pm
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
Best mortgage rates: Compare fixed rate and tracker rate mortgage deals
on August 20, 2020 at 11:21 am
Brokers say mortgage rates may soon rise following years of decline as the coronavirus lockdown continues to impact households’ finances.
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.
How greedy landlords are suing students for unpaid rent
on May 25, 2020 at 11:11 am
Many university students are being threatened with legal action from letting agents and private landlords unless they pay for accommodation. Jack Clarke, with his father Phil, has lodged a complaint.
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.
Could you value your own home? And would your mortgage lender accept it?
on May 6, 2020 at 4:21 pm
One company has come up with a plan that allows homeowners to give chartered surveyors a virtual tour of their home without breaching social distancing guidelines.
‘I can’t wait to move!’: Majority of buyers vow to crack on with moves
on May 2, 2020 at 5:18 pm
Getting the deal done looks set to become a tag-line for the property market as transactions remain on hold and more people look to move outside of big cities like London and Birmingham.
Nationwide: House prices up in April, but Lloyds forecasts 5% fall
on May 1, 2020 at 3:11 pm
Nationwide warned the outlook for the market remains ‘highly uncertain’, while Lloyds’ worst case prediction is a 30% fall over two years.
Property valuations could restart soon as RICS prepares advice
on April 30, 2020 at 3:33 pm
RICS, the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely.
Home sales worth £82bn are on hold amid coronavirus lockdown
on April 28, 2020 at 7:53 am
Property website Zoopla said some 373,000 property transactions are stuck in the pipeline as people are effectively stopped from moving home.
What happens to house prices after you stop the property market?
on April 23, 2020 at 7:26 am
Amid the coronavirus lockdown, that quintessentially British question is inevitably being asked: what will happen to house prices?
House prices started to slow before lockdown, says ONS / Land Registry
on April 22, 2020 at 12:37 pm
House price inflation slowed from 1.5 per cent in January to 1.1 per cent in February, the Office for National Statistics and Land Registry index reported
Knight Frank calls for a stamp duty cut to save the property market
on April 20, 2020 at 7:55 am
Lockdown will result in the loss of 526,000 home sales this year if there is no intervention – starving the economy of at least £14.3 billion, says Knight Frank.
Taking a mortgage holiday could make it more difficult to remortgage in the future experts warn
on April 14, 2020 at 1:30 pm
Industry insiders have claimed that some lenders have already started to automatically decline applications for those who have taken a payment holiday.
House prices forecast to drop 13% this year, by CEBR
on April 13, 2020 at 5:43 pm
The crash will be driven by the rental sector as the amount tenants can afford to pay plummets due to wage cuts and unemployment. Yorkshire and East Anglia look like being the hardest hit.
Act now to switch your mortgage if it ends in three months
on April 12, 2020 at 7:58 am
Getting a new deal will take longer, as lenders are struggling with huge demand from anxious customers requesting repayment holidays on their loans.
How to shop at B&Q and other DIY stores for items this Easter
on April 11, 2020 at 8:53 am
Some of the big names are taking online orders and doing click and collect , but be warned there were queues of an hour to even get onto the B&Q website on Good Friday.
The best mortgage rates after the coronavirus crisis cull
on April 11, 2020 at 8:12 am
Lenders have cut a staggering 47 per cent of all mortgage deals from sale in a move not seen since the credit crunch, pushing up rates for buyers without a large deposit.
Banks pull half of their mortgages in just over three weeks
on April 8, 2020 at 8:23 am
There were 5,239 products available before the Bank of England made this year’s first base rate cut from 0.75 per cent to 0.25 per cent on March 11. Now there are 2,768, according to Moneyfacts.
Property prices remain stable in March but long-term hit from the coronavirus yet to filter through
on April 7, 2020 at 2:40 pm
The typical home value was £240,384 in March, according to the Halifax index – meaning prices were at a standstill last month. It remains to been if they hold-up during the coronavirus outbreak.
My employer has put me on furlough – will this affect my mortgage application?
on April 7, 2020 at 6:37 am
Lenders have pulled up the drawbridge in recent weeks and those put on furlough may face difficulty when applying for a mortgage.
New cashback scheme could help you knock thousands off your mortgage
on April 4, 2020 at 10:08 pm
The Accelerate My Mortgage scheme is a new service, rewarding borrowers for shopping with some of the UK’s best-known retailers, including Asos, Sports Direct and John Lewis.
How to remortgage with a small deposit as lenders pull deals
on April 3, 2020 at 1:08 pm
Those who need to remortgage soon have been hit by a ruthless culling of deals for those with less equity in their homes.
Nationwide: Coronavirus rescue will help the property market rebound
on April 3, 2020 at 7:43 am
The latest Nationwide index painted a picture of the UK’s property market before coronavirus hit, with the average house price up £3,500 in a month.
Coronavirus housing market freeze to cost Treasury more than half its stamp duty revenue
on April 2, 2020 at 9:42 am
Estate agency Savills predicts a drop in house sales from an estimated 1.06million properties to just 495,500, leading to a drop in receipts of as much as £4.78billion.
A third of all mortgage deals are pulled in three weeks as coronavirus grips the market
on March 31, 2020 at 12:30 pm
There are some 1,585 fewer residential mortgages now available than there were just three weeks ago, according to financial experts Moneyfacts.
House builder says cancer patient MUST buy their home or face losing deposit despite coronavirus.
on March 31, 2020 at 6:36 am
Craig Aynsley, 46 from Northumberland, has been unable to work for five years after two separate battles with cancer – but thought his life had turned a corner last year after finding his dream home.
What are property buyers and sellers allowed to in lockdown?
on March 28, 2020 at 11:12 am
The Government has now released guidance on what to do if you’re in the middle of a move. So should you move house, delay your purchase, or pull out of the sale completely?
The buyers in limbo as they’re told don’t move house in lockdown
on March 26, 2020 at 3:35 pm
Those in the middle of the buying process, such as Susanna Wood and Tom and Daniella Matthews pictured, told us they are now unsure whether they will be able to move as planned.
Halifax and Barclays scrap new mortgages below 40% deposit
on March 26, 2020 at 1:57 pm
It is not clear to what extent the banks have moved due to staffing issues and a wave of customers requesting mortgage holidays, or a concern house prices could fall.
The property market where people can’t leave the house?
on March 26, 2020 at 11:51 am
Estate agents, mortgage brokers and banks have a headache right now, while buyers, sellers and those due to move home don’t know what on earth will happen.
House price growth slows as market braces itself for coronavirus slump
on March 25, 2020 at 2:31 pm
In the year to January 2020, the average cost of a home rose by 1.3% to £231,000, against a boost of 1.7% in the year to December, according to the ONS.
Should you put your mortgage on hold for three months?
on March 25, 2020 at 9:25 am
Homeowners facing financial difficulty due to coronavirus were told last week that they would be able to take a ‘mortgage holiday’ where they can suspend repayments for up to three months.
Rightmove faces backlash from estate agents over fees holiday as UK property market grinds to a halt
on March 24, 2020 at 8:21 am
The property listing website has offered estate agents a 75 per cent discount for the next four months as the housing market looks set to grind to a halt amid the coronavirus outbreak.
Mortgage holidays: Call your bank before cancelling payments
on March 23, 2020 at 2:12 pm
Lenders have warned borrowers looking to take advantage of a three-month coronavirus mortgage holiday are cancelling direct debits without speaking to them.
House prices could fall 20% amid the coronavirus crisis
on March 22, 2020 at 1:00 pm
House prices could slump as the economy and property market takes a hit from people being forced to stay at home, warn stock market analysts.
Tenants are struggling to pay rent amid the coronavirus outbreak
on March 22, 2020 at 9:23 am
Around five million households in the UK live in private rented accommodation and many of these could struggle to pay the bills if they need to take time off work.
Has your mortgage rate fallen after the bank rate cut?
on March 20, 2020 at 7:13 pm
The majority of mortgage lenders had yet to pass last week’s base rate cut onto their customers, even as another one arrived yesterday.
Could the base rate cut usher in a wave of cheaper fixed-rate mortgages?
on March 20, 2020 at 10:35 am
Base rate was cut again today to 0.1%, but a week after it was slashed to 0.25 per cent, to help battle the financial effects of coronavirus, there has been little movement in new fixed rate deals.
It’s TWICE as expensive to move to a family home as 10 years ago
on March 13, 2020 at 8:27 am
The price gap between the first and second rung of the UK property ladder has more than doubled since the global financial crash, according to Land Registry data.
House prices up as buyers return to the market – for now
on March 12, 2020 at 9:34 am
Yorkshire and the Humber, London and East Anglia saw the ‘strongest momentum’ for house price growth in the Royal Institute of Chartered Surveyors’ February report.
Home buyers disappointed as stamp duty cut fails to arrive in the Budget
on March 11, 2020 at 4:34 pm
Plans to cut stamp duty were not in the Tory manifesto, but there were hopes that they would be slipped back in during the Budget.
MPs call on lenders to halt all repossessions against mortgage prisoners
on March 10, 2020 at 9:00 am
MPs today issued an open letter calling for a halt to repossessions against mortgage prisoners until a until a ‘solutions working group’ is established.
What can first-time buyers get for £248,000 across the country?
on March 6, 2020 at 1:41 pm
The average purchase price of a first home with a Lifetime Isa was £248,000 was last year, according to data from the first provider to offer one. But what does that get you in the most popular postcodes?
House prices steady but coronavirus could dent recovery, says Halifax
on March 6, 2020 at 10:10 am
House prices rose 2.8 per cent in the year to February, with the average property gaining £6,443 to reach a record high of £240,677, according to mortgage lender Halifax.
Is mortgage ‘mis-selling’ the new PPI? GEORGE NIXON investigates
on March 3, 2020 at 8:47 am
Barely were my feet back under the desk in 2020 before I was bombarded with emails telling me I could be entitled to compensation for a mis-sold mortgage.
Kensington offers £1,000 mortgage cashback to eco-proof a home
on March 3, 2020 at 8:25 am
The lender says it will give £1,000 to borrowers who improve their property’s energy rating within a year of buying the home or remortgaging.
Most popular spots for first-time buyers using the Lifetime Isa
on March 3, 2020 at 7:54 am
Bristol is the most popular spot for first-time buyers purchasing their home with the help of a Lifetime Isa, This is Money can reveal, according to figures from the first provider to offer the savings scheme.
Mortgage approvals hit their highest level in four years as housing market bounce continues
on March 2, 2020 at 5:36 pm
Approvals, which are an indicator for future borrowing, rose to 70,900 in the first month of the year, some 4.4 per cent higher than in December.
Sunday, September 20, 2020