Home repossessions set to surge after support schemes end

Home repossessions set to surge tenfold next year as support schemes dry up By Fiona Parker For The Daily Mail Published: 22:01 GMT, 19 January 2021 | Updated: 22:01 GMT, 19 January 2021 Home repossessions may surge tenfold in 2022, banking body UK Finance warns. Millions of borrowers have struggled to pay their mortgages in … Read more Home repossessions set to surge after support schemes end

Pandemic pushes older homeowners into thinking about downsizing sooner

Pandemic pushes older homeowners into thinking about downsizing earlier than planned By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 19 January 2021 | Updated: 22:00 GMT, 19 January 2021 The pandemic has pushed nearly two million older homeowners to think about downsizing earlier than planned, new figures reveal. The survey of those … Read more Pandemic pushes older homeowners into thinking about downsizing sooner

How to save your house sale from the stamp duty cliff edge

The stamp duty holiday’s days are numbered. Chancellor Rishi Sunak is said to have ruled out an extension to the tax break that ignited the housing market in the pandemic and saved buyers more than £3 billion. And as the clock now ticks towards the deadline on March 31, movers are being urged to put … Read more How to save your house sale from the stamp duty cliff edge

Average first-time buyer must save more than a YEAR’S salary for a deposit on a home

The average first-time buyer must save more than a year’s salary to put down a deposit on a house, according to new data. A 20 per cent deposit on a home now equates to 104 per cent of annual pre-tax income of the average worker, Nationwide Building Society says. This figure, which applies to the … Read more Average first-time buyer must save more than a YEAR’S salary for a deposit on a home

Hope for home buyers? Petition forces parliament to debate six-month extension to stamp duty holiday

Hope for home buyers? A 110k-strong petition forces parliament to debate a six-month extension to stamp duty holiday The tax break, which saves buyers up to £15,000, was due to end on 31 March  More than 100k sign a petition calling for an extension to September  This means that MPs must debate the issue in … Read more Hope for home buyers? Petition forces parliament to debate six-month extension to stamp duty holiday

Rightmove warns 100,000 buyers on track for unexpected stamp duty bill

Average asking prices for homes started to fall in the past month, as sellers look to lure in buyers before the end of the stamp duty holiday on 31 March, according to new findings. Asking prices fell by £2,887, or 0.9 per cent over the past month, property website Rightmove’s new data has revealed. The … Read more Rightmove warns 100,000 buyers on track for unexpected stamp duty bill

Santander joins mortgage lenders turning off the tap for self-employed with new 40% deposit rule

Santander has become the latest lender to impose harsher restrictions on self-employed borrowers, excluding them from its lower-deposit mortgage deals.  The bank has said that new self-employed customers will only be offered mortgages to cover a maximum of 60 per cent of a property’s value. That means self-employed first-time buyers and most home movers will … Read more Santander joins mortgage lenders turning off the tap for self-employed with new 40% deposit rule

Deposits are falling, rates rising and prices uncertain. Should I buy my first home during Covid?

Whatever way you look at it, the property market had an exceptional year in 2020. It went from trundling along quite nicely in the first three months of the year, to a complete three-month shutdown during lockdown – during which time dire predictions were made about a coming crash.  Against the odds, house prices surged … Read more Deposits are falling, rates rising and prices uncertain. Should I buy my first home during Covid?

House prices set to fall ‘significantly’ in the coming months

House prices look set to fall ‘significantly’ over the next few months amid ongoing lockdown restrictions and the end of the stamp duty holiday, according to the Royal Institution of Chartered Surveyors. Last month, property prices, sales and buyer demand all increased, but at a slower pace than seen in previous months, Rics said. Predictions … Read more House prices set to fall ‘significantly’ in the coming months

House prices set to fall ‘significantly’ in the coming months

House prices look set to fall ‘significantly’ over the next few months amid ongoing lockdown restrictions and the end of the stamp duty holiday, according to the Royal Institution of Chartered Surveyors. Last month, property prices, sales and buyer demand all increased, but at a slower pace than seen in previous months, Rics said. Predictions … Read more House prices set to fall ‘significantly’ in the coming months