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Switch mortgages early to save: Lenders allow homeowners to move to a better rate four months before end of their current deal By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Lenders are allowing homeowners to move to a better rate up to … Read more
Now it’s Millionaire’s Lane: Country homes worth £1million-plus lead the way as property sales edge back up after lockdown New sales agreed are just 12% short of the levels seen in early March, Zoopla says New sales agreed of homes priced at £1m or more are 16% higher Demand from sellers is 54% higher than … Read more
Banks are urging mortgage borrowers to think carefully before taking a further mortgage holiday after the Government officially extended the initiative by three months. Some 1.8million homeowners have opted to take a mortgage holiday since the lockdown began in March. Now, these same homeowners can opt to extend their break by a further three months, … Read more
Property prices have fallen for the third month in a row in May as coronavirus stalled activity in the market, a housing report shows. However, the decline has been modest, with just a 0.2 per cent monthly downturn in values, according to the Halifax index. The fall took the average house price in Britain to … Read more
A friend of mine had their house repossessed in late February, just before the lockdown began. With the assistance that is currently being offered such as mortgage holidays and protection from repossession until the end of October, is there any protection for those currently being repossessed? Can their lender sell the house at a reduced … Read more
Borrowers applying for a mortgage should brace themselves for delays and demands for additional paperwork. Banks and building societies have introduced a raft of new checks in response to the Covid-19 crisis to ensure homebuyers’ finances are stable. Experts say you should now expect more questions about your employment status, with some lenders insisting borrowers … Read more
The average house price across the UK suffered its biggest drop for more than 11 years in May, a leading index revealed today – with one leading estate agent calling the numbers a ‘car crash’. In May, the average cost of a home fell by 1.7 per cent month-on-month, marking the sharpest decline since the … Read more
I bought an off-plan flat in Battersea two years ago but so far have only paid a deposit. As property prices are expected to fall as a result of the coronavirus I do not want to complete the transaction and buy the property. But if I back out now can I still get my 10 … Read more
Mortgage lenders are slowly reopening their doors to new applications and estate agents report that buyer interest has surged following the relaxation of lockdown rules two weeks ago. Property listing site Rightmove said it had its ‘busiest ever day’ on Wednesday, surpassing six million visits for the first time and up 18 per cent on the … Read more
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover – but ticket sales are still way off target A property raffle has added a £30k car to its original prize pot of a £500k flat The competition has been running 10 … Read more