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The cost-of-living crisis has forced more than a million hopeful first time buyers under 45 years old to put their plans on hold, a new survey by Aviva has found. One in five of those surveyed said that the cost-of-living crisis and inflation were making buying a house unaffordable. The survey, focused on under 45s … Read more

Typical home added £26k in value in the last year with the South West seeing strong growth but prices are now slowing slightly, Nationwide says Year-on-year price growth slowed to 10.7% in June, down from 11.2% in May South West overtook Wales as strongest performing region with 14.7% rise Average UK house price now stands … Read more

 Halifax has announced it is lowering the deposit required to buy new build houses, in a move that could help some first time buyers get a foot on the housing ladder. The bank has halved the minimum deposit needed for a mortgage on new build properties from 10 per cent to 5 per cent. The … Read more

Homeowners are paying hefty fees to exit fixed mortgage deals early before interest rates rise. It may sound counter-intuitive to try to cut bills by spending more. But it could be prudent if interest rates keep climbing as expected. Mortgage costs have increased rapidly, bringing the era of ultra-cheap borrowing to an end. Rising bills: … Read more

The cost of a home in Britain is now more than seven times’ average earnings, putting housing affordability at its most stretched it has ever been, data suggests. Since the start of the pandemic, property prices have risen 16.8 per cent while average incomes have only increased by 2.7 per cent, according to Halifax. In … Read more

The cost of living crisis and rising interest rates have failed to dent home sellers’ ambitions, with property asking prices hitting a new high for the fifth month in a row. The average price of property newly listed on the market rose by 0.3 per cent, or just over £1,100, between May and June to … Read more

Mortgage interest rates are rising amid rocketing inflation, driving up monthly costs for many new homebuyers, those remortgaging and customers on variable rates. But while the expense will be greater overall, new research has suggested that mortgage customers are now less likely to pay arrangement fees – and if they do pay them, they will … Read more

How bad would the mortgage crunch be for you? As rates rise rapidly, SIMON LAMBERT on checking the cost if you had to fix now By Simon Lambert for Thisismoney.co.uk Published: 06:00 BST, 16 June 2022 | Updated: 06:00 BST, 16 June 2022 How bad would the mortgage crunch be for you? The rapid rise … Read more

Rates on the cheapest two-year fixed mortgage rates have more than tripled since October last year, according to analysis by mortgage broker L&C Mortgages. A typical new, £150,000 repayment mortgage from a basket of best buy deals now costs almost £130 a month more than it did eight months ago, an increase of more than … Read more

The two and a half million tenants renting their homes from UK housing associations will be given the right to buy them outright, under plans confirmed yesterday by the Prime Minister.  Boris Johnson vowed to revive Margaret Thatcher’s housing revolution for low-income families by expanding the Right to Buy scheme, as there are now more people … Read more