Aspiring home buyers rushing to buy before the stamp duty holiday deadline are clogging the transaction pipeline, with 50 per cent more home sales than usual waiting to be completed, a report reveals. Record high sales agreed post-lockdown has led to some 140,000 more homes currently progressing through the system than at this time last … Read more
Borrowers are facing mortgage mayhem as banks axe deals and hike rates. Major delays also mean homebuyers are at risk of missing out on generous stamp duty savings. But don’t despair — here Money Mail explains everything you need to know to navigate the chaos… WHY IS THE MARKET BOOMING NOW? A stampede of home … Read more
Want to unlock cash tied up in your home? Find out your options in our free guide By Mail on Sunday Reporter Published: 11:47 GMT, 25 October 2020 | Updated: 11:48 GMT, 25 October 2020 The Mail on Sunday has produced an essential guide for people aged 55 or over who are looking to unlock … Read more
Mortgage holidays end next week: How to get your home finances back on track, even if money is still tight The government’s mortgage holiday scheme ends officially on 31 October Banks say they will continue offering support to hard-up borrowers Delaying mortgage payments further will damage your credit score By Will Kirkman For Thisismoney.co.uk Published: … Read more
SIMON LAMBERT: Rishi Sunak should stop his stamp duty cut driving up house prices by making the holiday permanent By Simon Lambert for Thisismoney.co.uk Published: 06:00 BST, 22 October 2020 | Updated: 06:00 BST, 22 October 2020 Warned as they may be that it could prove a false economy, aspiring home buyers are busy trying … Read more
The average cost of buying a home in Britain reached an all-time high of £239,000 in August, with people making the most of the Chancellor’s stamp duty holiday, official figures show. 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 … Read more
Property experts have warned prospective home buyers to start their search by the end of the month latest to avoid missing out on a saving from the stamp duty holiday. Financial giant L&G said purchases can take three to five months to complete, but with asking prices hitting a record high as people clamour to … Read more
Homeowners stuck in flats they cannot sell due to a red-tape nightmare are now so desperate they are flogging their properties at enormous discounts. Lenders have been refusing to offer mortgages on tens of thousands of homes after new safety rules were introduced in the wake of the Grenfell Tower fire. But homeowners say they … Read more
Savings rates are languishing at rock bottom and with the looming spectre of negative interest rates, many will be wondering how to make the most out of their cash. For those with large savings pots an offset mortgage could save them substantial amounts of money without the risk of investing the cash. An offset mortgage … Read more
Mortgage crunch warning: Fears lenders are set to crack down on remortgaging and first-time buyer loans amid fears over house prices and job losses Experts warn a mortgage crunch is coming as lenders pull deals and hike rates It comes as furlough and mortgage holidays are set to end this month One in four homeowners is … Read more