First-time buyer 90% mortgages are reserved for ‘gold-plated’ borrowers, warn mortgage brokers

Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago. Of the 86 mortgages available to first-time buyers with a 10 per cent deposit, only 25 of these mortgages are available to all, according to analysis by Defaqto. It … Read more

House price inflation shows the stamp duty holiday was a false economy

House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more

Halifax: House prices up £15k since June outweighing stamp duty saving

The average house price has risen by more than £15,000 since June, ‘far outweighing’ stamp duty holiday savings on most properties, Britain’s biggest mortgage lender Halifax said today.   Its latest monthly house price index – which is based on mortgage approvals rather than actual sales prices – shows the price of an average UK home … Read more

House prices’ rise since July far outweighs stamp duty savings, Halifax says

House prices soar 6.5% since June as stellar property gains outweigh stamp duty savings on some homes, Halifax says Average house prices rose 1.2%, or around £3,000, in the month of November Annual growth at 7.6%, the fastest rate since June 2016 Stamp stamp duty saving of £2,500 on a home costing £250,000 are now … Read more

Homebuyers hoping to move before Christmas are running out of time

Homebuyers hoping to move before Christmas are running out of time to arrange their removal company with many firms already booked up. Removal companies are struggling to meet the increase in demand from homebuyers this winter, with many already close to capacity, according to research from Bankrate UK.  ‘With shorter days and bleak weather, the … Read more