Homebuyers hoping to move before Christmas are running out of time to arrange their removal company with many firms already booked up. Removal companies are struggling to meet the increase in demand from homebuyers this winter, with many already close to capacity, according to research from Bankrate UK. ‘With shorter days and bleak weather, the … Read more
First-time buyer mortgages are back as banks launch a host of new deals and cash incentives By Money Mail Reporter For The Daily Mail Published: 22:02 GMT, 1 December 2020 | Updated: 22:02 GMT, 1 December 2020 First-time buyers have been offered a glimmer of hope as banks launch a host of new deals and … Read more
For 17 years, the BBC’s Homes Under The Hammer has followed the travails of aspiring property developers, who buy unloved homes at auction before turning them into swish, lucrative real estate. And while it might be a stretch to suggest daytime television is responsible for fuelling a housing trend, new figures show that so-called ‘home … Read more
House prices rose at the fastest pace for nearly six years last month, as the rush to beat the stamp duty holiday deadline continued to drive up the market. The average price of a home increased by 6.5 per cent to £229,721 in the year to November, according to Nationwide, adding almost £14,000 to the … Read more
Treasury officials are poised to advise the Chancellor to extend the stamp duty holiday to avoid the collapse of thousands of housing transactions in the new year, This is Money understands. Mortgages are being approved today on the basis that no stamp duty will be payable but experts say transactions are taking months to complete … Read more
Long-term homeowners could be sitting on a property goldmine as the average price of a home across Britain’s towns and cities in the last 20 years has soared by nearly 80 per cent, or nearly £100,000, new data reveals. Out of 50 towns and cities, Manchester has seen the biggest jump in prices in the two … Read more
First-time buyers squeezed by the mortgage crunch have been given another ray of hope as Yorkshire Building Society launches home loans for borrowers with a 10 per cent deposit. The move from one of Britain’s biggest building societies is better news for borrowers who have seen nine in ten of the mortgages for those with … Read more
Mortgage prisoners find their freedom after being locked in expensive deals since 2008 clampdown By Amelia Murray For The Daily Mail Published: 22:00 GMT, 24 November 2020 | Updated: 22:00 GMT, 24 November 2020 Mortgage prisoners are finally being freed from expensive deals after overpaying for years – but many are still trapped. An estimated … Read more
Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees. Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning. There are … Read more
House building plummets by a third with developers blaming local authority planning delays more than the pandemic Britain’s seven largest house builders have reported housing completions are down, on average, by 35 per cent from a year ago Small and medium sized developers have also warned their housing completions will be down this year – … Read more