Prime Minister Boris Johnson today promised to turn ‘generation rent into generation buy’ with plans to boost the availability of long-term mortgages for homebuyers with a small deposit. In a speech to the virtual Conservative Party conference the PM said up to two million people who could afford repayments cannot currently get home loans. He … Read more
When Keeba Critchlow picked up the keys to her first home in 2014 she was thrilled at becoming a homeowner. Not for a moment did she envisage the nightmare that would await her six years on – unable to sell her one-bedroom flat as a result of red tape introduced in the wake of the … Read more
Give homeowners help to pay their mortgages, think tank tells government as payment holidays draw to a close in weeks Homeowners have been able to take a mortgage holiday during lockdown As part of the government scheme, those who paused payments have not been officially penalised on their credit reports That protection ends on 31 … Read more
I had my mortgage approved but then learnt I will be made redundant: Do I have to tell the bank even though I’m confident I’ll find another job? By This Is Money Reporter Published: 07:48 BST, 1 October 2020 | Updated: 07:48 BST, 1 October 2020 I am in the middle of buying a home … Read more
The lockdown property market mini-boom has pushed house prices up 5 per cent on a year ago – the biggest jump since September 2016 – new figures from Nationwide show. Britain’s biggest building society said the average price of a home across the country has now spilled over the £225,000 mark for the first time … Read more
Back in December, when most of us had never heard of coronavirus, our existing mortgage deal expired and it was time to find a new one. 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 … Read more
Homeowners could find it almost impossible to find new mortgage if they have only a small amount of equity in homes when their current deal ends By Sarah Bridge, Financial Mail on Sunday Published: 21:52 BST, 26 September 2020 | Updated: 21:52 BST, 26 September 2020 Homeowners could find it almost impossible to find a … Read more
A young family has been forced to rent out their home and borrow money from friends after being charged over €80,000 in early mortgage termination fees. British couple Justin and Annabelle Parfitt, reality TV stars turned property developers, bought an undeveloped loft in Berlin three years ago with the intention of fixing it up and … Read more
First-time buyers DENIED amid the housing market boom: Lack of mortgages forces HALF would-be homeowners to shelve purchase plans Nearly half of first-time buyers say their home buying plans have been delayed One in five says they had to pull out of buying a property due to lockdown This comes as the property market booms … Read more
Goodbye to Britain’s favourite mortgage? Halifax axes two-year fixes for remortgage customers as lenders continue to pull up the drawbridge Halifax has pulled two-year fixed deals for remortgage customers Experts say the lender wants to retain low-risk customers for longer Banks and building societies continue to limit who they will lend to By Will Kirkman … Read more