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The ups and downs of the pandemic have left many people craving certainty – and new figures show that that desire extends to their mortgages, too. Four in five said they would be willing to take a fixed rate lasting more than five years, in exchange for the peace of mind that their monthly payments … Read more
The price of a home rocketed by £25,000 in the year to August as the pandemic property boom carried on despite the stamp duty holiday tapering out, official figures have shown. House prices grew 10.6 per cent in the 12 month period, up from the 8.5 per cent growth seen in July, according to the … Read more
Homeowners could be forced to spend thousands making properties eco-friendly in order to remortgage or sell under Government’s new green plans Government plans will encourage mortgage lenders to favour greener homes This means those in older properties could struggle to sell or remortgage Making a home more eco-friendly can cost thousands By Helen Crane For … Read more
A new mortgage from Yorkshire Building Society offers home buyers a market-leading interest rate of just 0.78 per cent, as the cost of borrowing to buy a home continues to hit record lows. The two-year fixed deal, which is also available to those remortgaging, is a tracker – which means that borrowers would pay the … Read more
Budding home buyers and movers could soon buy a new-build home with a deposit of just 5 per cent – without the need for government help. As the popular Help to Buy scheme draws closer to its end in 2023, a new initiative called Deposit Unlock is launching with the aim of helping buyers who … Read more
A new app says it will make it easier for people to make regular overpayments on their mortgage, potentially saving them thousands in interest and making them mortgage-free faster. Sprive was founded by former Goldman Sachs banker Jinesh Vohra, who was inspired by the struggles he had when trying to overpay on his own mortgage. … Read more
Should you fix your mortgage for two, five or even TEN years? Homeowners nearing the end of their deals urged to lock in as inflation may bump up rates BoE boss Bailey has warned that higher inflation may mean rates need to rise Banks have plenty of cash to lend but rate expectations may bump … Read more
Mortgage approvals fell to the lowest level for more than a year in August, new figures from the Bank of England show. Amid a summer lull and the end of the main phase of the stamp duty holiday, there were 74,453 home-loan approvals in August, down from 75,100 in July, marking the lowest figure since … Read more
The average UK house price is now £235,000 with the summer market moving at its fastest pace for five years, a new report shows. The latest House Price Index released by property website Zoopla shows that the housing market is continuing unabated, despite many experts anticipating a slowdown due to the end of the stamp duty … Read more
Number of homes snapped up this year will be highest since the financial crisis, report suggests – and prices will soar 21.5% in the North East by 2024 More homes will be sold this year than any since 2007, report predicts Hamptons says 1.5m homes will have been sold across Britain Says strong property price … Read more