Struggling to get a mortgage? Try a broker…or a small lender By Sarah Bridge, Financial Mail on Sunday Published: 21:51 BST, 19 September 2020 | Updated: 21:51 BST, 19 September 2020 It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown. Lenders are … Read more
Mortgage lenders will continue to offer mortgage payment holidays to some financially vulnerable customers after the government scheme ends, the City watchdog has confirmed. While the scheme officially ends at the end of next month, the Financial Conduct Authority said that banks and building societies can continue to offer payment holidays for borrowers who need … Read more
The price is NOT right: Home sellers warned against setting their sights too high as those who don’t have to reduce asking prices sell much quicker Just one third of sellers who listed a property but then had to reduce the asking price found a buyer between May and September, says Rightmove Two thirds of … Read more
My abusive ex is threatening to sue for half my flat, even though it’s mine and he never paid rent – what can I do? By Tanya Jefferies for Thisismoney.co.uk Published: 07:45 BST, 18 September 2020 | Updated: 08:27 BST, 18 September 2020 My ex-partner is threatening to take me to court for half of … Read more
Nearly half of homebuyers have attempted to haggle down the price of their property purchase since March. A survey by online estate agent Strike found that since lockdown began, some 45 per cent of sellers questioned had buyers ask for a reduction in sale prices, most commonly ranging from a 5 per cent to 10 … Read more
Britain’s house buyers have gone bonkers as prices soar to record highs. Estate agents told Money Mail ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant after lockdown ended. But with rising unemployment forecast, and … Read more
Bank of Scotland facing court battle with homeowners stung by debts linked to house prices after shared appreciation mortgage scandal negotiations fail Shared appreciation mortgages have left elderly homeowners owing Bank of Scotland and Barclays enormous debts due to house price inflation Law firm Teacher Stern has been fighting for fairer charges for those affected … Read more
House prices will fall by almost 14 per cent next year when the stamp duty holiday comes to an end and job losses rise further, a think-tank has warned. Economists at the the Centre for Economics and Business Research made the gloomy prediction that a slump will follow the current mini-boom, with pent-up demand that built … Read more
Chief executive of NAEA Propertymark Mark Hayward, says that sellers should ‘make sure everything is in order to help maximise your chances of completing ahead of 31st March’. Show you are serious from the get-go Read up on and adhering strictly to all social distancing measures. Rearrange any cluttered furniture to prevent viewers from needing … Read more
First-time buyers forced to scramble for mortgages as one bank launches a 90% deal this morning but says it will pull it at 5pm TODAY TSB announced yesterday it will offer a limited mortgage to buyers with a 10 per cent deposit – but only for one day Buyers looking for a house worth up … Read more