The average UK house price jumped 4.7 per cent this year, reaching a record high of £245,000 in September, official figures show. It meant home values were up £11,000 on average compared to a year ago, according to the Office for National Statistics (ONS), with the property tax holiday being one of the driving factors … Read more
Asking prices for property dip as home sellers ‘get real’ in bid to complete deals before stamp duty deadline Some 0.5% was shaved off the average home placed on Rightmove in October compared to September Sellers pricing ‘realistically to get deals through before stamp duty deadline Home sales were up a substantial 50 per cent … Read more
Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row. With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more
A string of estate agents and surveyors across the country have started to see activity in the housing market slow down after a surge in recent months. While October saw buyer demand, sales and prices remain solid, the longer-term outlook for the market looks ‘subdued’, experts at the Royal Institution of Chartered Surveyors have warned. … Read more
Families who have struggled with money at some point in the past three years have seen their finances disproportionately hard hit as a result of coronavirus. Those who have a history of struggling to keep up with debt repayments are about 50 per cent more likely to have got further into debt as a result … Read more
House prices rocket 7.5% in a year to add £18,000 to the cost of the average home, says Halifax, but is the lockdown mini-boom already slowing? Average house price reaches a new record high of £250,457, on Halifax index Property inflation at 7.5% is the highest it has been since mid-2016 October saw a monthly … Read more
Secretary of State for Housing, Robert Jenrick, tweeted that the Housing market will remain open in light of Thursday’s new lockdown measures. 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. England’s property market can continue … Read more
Five reasons NOT to start overpaying a mortgage…and reasons you should By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:53 GMT, 31 October 2020 | Updated: 21:53 GMT, 31 October 2020 Homeowners dream of the day they finally become mortgage free – but should you bring that happy day forward by overpaying your mortgage … Read more
Those who want to move home and avoid paying thousands of pounds in stamp duty need to begin their search as soon as possible By Laura Shannon, Financial Mail on Sunday Published: 21:51 GMT, 31 October 2020 | Updated: 21:51 GMT, 31 October 2020 Those who want to move home and avoid paying thousands of … Read more
Aspiring homeowners struggling to raise a large enough deposit to qualify for a mortgage might find they now have an alternative option – available through Instagram. Generation Home is a brand new mortgage lender, launching earlier this month and marketing its home loans to Britons through social media. While all other UK mortgage lenders require … Read more