First-time buyers with a 10 per cent deposit have more mortgage options after Virgin Money unveiled four 90 per cent deals fixed for seven or 10 years. However, the deals have some restrictive elements. Firstly, buyers must fix for seven or 10 years – much longer than most fixed rates which last two or five years … Read more
The colossal cost of care in Britain has left two-thirds of homeowners over 50 worried about how they will pay their way in later life. In a damning indictment of the spiralling costs faced by many, nearly half of people aged over 50 with their own home think they will have to sell their property … Read more
Sellers have put their homes up for sale to cash in on the stamp duty holiday frenzy that is gripping the nation, new data from a major UK property website shows. Rightmove says sellers in commuter towns in the south east of England have seen the biggest annual rise in new listings since Chancellor Rishi … Read more
Buyers looking to snap up a home while keeping their finances in check should head to County Durham in the North East of England, fresh findings have revealed. Three of the five most affordable towns to buy a home in the country are in County Durham, with property prices in top-ranked Shildon coming in at … Read more
Mortgage rates may be about to get more expensive despite unprecedented measures from the Bank of England designed to keep them low. Brokers say a ‘perfect storm’ of issues indicate that mortgage rates, which are currently still at historical lows, may soon rise as the coronavirus lockdown ravages many households’ finances. At the same time, … Read more
Lockdown mini-boom sees the property market have its busiest month EVER, says Rightmove, with £37bn worth of home sales agreed Rightmove has had its highest monthly sales since it started keeping records It took in £12billion more this July than it did last year despite the pandemic The average asking price for a home was … Read more
As foreign travel is curbed and staycations become more popular many investors are eyeing holiday lets as a potentially lucrative safe haven for their cash. Fears of snap travel bans and quarantine rules have led to a boom in UK tourism as holidaymakers flock to Britain’s rural hotspots and beachfronts. This has led to a … Read more
Since the government lifted the ban on moving home, estate agents have reported a surge in buyer enquiries, house prices have remained strong, and mortgage applications have rebounded. Halifax recently reported the average UK price had hit its highest level on record in July as months of pent-up buyer demand was released and the stamp … Read more
Even as lockdown continues and Britain adapts to the coronavirus outbreak, the property market has shown tentative signs of bouncing back. Mortgage approvals have risen, some indices show house prices are up, and the homeloan freeze for those with smaller deposits has thawed somewhat. Those elements and the evidence emerging that axing stamp duty on … Read more
A staggering eight in 10 borrowers over 55 who expect to be able to renew their mortgage are being turned down by mortgage lenders, This is Money can reveal. A study carried out by broker Retirement Mortgage Service over the past year found that more than 30,000 retired borrowers got in touch with their advisers, with … Read more