First-time buyers pay £140 more per month since the coronavirus crisis

First-time buyers pay £140 more per month in mortgage repayments since beginning of the coronavirus crisis By James Salmon for the Daily Mail Published: 21:51 BST, 7 October 2020 | Updated: 21:51 BST, 7 October 2020 First-time buyers taking out a mortgage have seen monthly repayments rise by up to £140 during the coronavirus crisis, … Read more

House prices reach £250k and are up 7.3% in a year, says Halifax

The average home now costs nearly a quarter of a million pounds with mortgage approvals hitting their highest level since the financial crisis erupted.  Rising activity in the housing market pushed the price of the average home up 7.3 per cent in the last 12 months to £249,870, according to the Halifax index for September. … Read more

How will the Prime Ministers plan to offer 95% mortgages work?

Prime Minister Boris Johnson today promised to turn ‘generation rent into generation buy’ with plans to boost the availability of long-term mortgages for homebuyers with a small deposit. In a speech to the virtual Conservative Party conference the PM said up to two million people who could afford repayments cannot currently get home loans. He … Read more

How will the Prime Ministers plan to offer 95% mortgages work?

Prime Minister Boris Johnson today promised to turn ‘generation rent into generation buy’ with plans to boost the availability of long-term mortgages for homebuyers with a small deposit. In a speech to the virtual Conservative Party conference the PM said up to two million people who could afford repayments cannot currently get home loans. He … Read more

Give homeowners help to pay their mortgages, think tank tells government

Give homeowners help to pay their mortgages, think tank tells government as payment holidays draw to a close in weeks Homeowners have been able to take a mortgage holiday during lockdown As part of the government scheme, those who paused payments have not been officially penalised on their credit reports That protection ends on 31 … Read more