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Treasury officials are poised to advise the Chancellor to extend the stamp duty holiday to avoid the collapse of thousands of housing transactions in the new year, This is Money understands. Mortgages are being approved today on the basis that no stamp duty will be payable but experts say transactions are taking months to complete … Read more

Treasury officials are poised to advise the Chancellor to extend the stamp duty holiday to avoid the collapse of thousands of housing transactions in the new year, This is Money understands. Mortgages are being approved today on the basis that no stamp duty will be payable but experts say transactions are taking months to complete … Read more

Long-term homeowners could be sitting on a property goldmine as the average price of a home across Britain’s towns and cities in the last 20 years has soared by nearly 80 per cent, or nearly £100,000, new data reveals. Out of 50 towns and cities, Manchester has seen the biggest jump in prices in the two … Read more

Mortgage prisoners find their freedom after being locked in expensive deals since 2008 clampdown   By Amelia Murray For The Daily Mail Published: 22:00 GMT, 24 November 2020 | Updated: 22:00 GMT, 24 November 2020 Mortgage prisoners are finally being freed from expensive deals after overpaying for years – but many are still trapped. An estimated … Read more

Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees. Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning. There are … Read more

House building plummets by a third with developers blaming local authority planning delays more than the pandemic Britain’s seven largest house builders have reported housing completions are down, on average, by 35 per cent from a year ago Small and medium sized developers have also warned their housing completions will be down this year – … Read more

The average UK house price jumped 4.7 per cent this year, reaching a record high of £245,000 in September, official figures show. It meant home values were up £11,000 on average compared to a year ago, according to the Office for National Statistics (ONS), with the property tax holiday being one of the driving factors … Read more

Asking prices for property dip as home sellers ‘get real’ in bid to complete deals before stamp duty deadline Some 0.5% was shaved off the average home placed on Rightmove in October compared to  September Sellers pricing ‘realistically to get deals through before stamp duty deadline  Home sales were up a substantial 50 per cent … Read more

Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row.   With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more