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We’ve exchanged contracts on a property but I’m worried about job security – can the lender withdraw its mortgage offer? By Will Kirkman For Thisismoney.co.uk Published: 07:43 BST, 28 May 2020 | Updated: 07:43 BST, 28 May 2020 We’ve exchanged contracts on a property but I’m worried about my job. I haven’t been furloughed, but … Read more
Mortgage holiday debt threat: FCA warns homeowners face paying thousands of pounds in extra interest By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 26 May 2020 | Updated: 22:01 BST, 26 May 2020 Interest threat: The FCA has warned on mortgage holidays Homeowners who have deferred their mortgage payments are being warned … Read more
Buying and selling properties has been near impossible during lockdown, with around 450,000 transactions suspended. But with restrictions now partly lifted, estate agents are seeing a huge rise in enquiries. Yet the impact of coronavirus is still being felt in the property market – from nervous sellers to buyers trying to scoop a possible bargain. … Read more
The Government has announced that struggling homeowners can now apply for a further three month mortgage holiday. The scheme, which was initially set up in March, has been extended so that the deadline for applying is now 31 October, with borrowers eligible for a break of up to six months. Homeowners will now also be … Read more
Sales of residential homes fell to the lowest level since records began in 2005 last month, new figures from HM Revenue & Customs show. In April there were 38,060 transactions completed, which is less than half the number seen at the same point a year ago. Having been given the green light to get moving … Read more
Sales of residential homes fell to the lowest level since records began in 2005 last month, new figures from HM Revenue & Customs show. In April there were 38,060 transactions completed, which is less than half the number seen at the same point a year ago. Having been given the green light to get moving … Read more
House prices and sales continued to rise in the build-up to the coronavirus lockdown, with London recording the fastest growth in four years, official figures have showed. But after the property market freeze crashed sales, the Office of National Statistics will now suspend its house price index until further notice. House prices across the UK … Read more
It was a different world when Valerie and Paul Sanders* agreed to buy a £700,000, four-bedroom home in Orpington, Kent. They were cash buyers and the vendor was moving into rented accommodation; there was no chain, no hold-ups. But with the exchange scheduled for March 23, the day the UK entered lockdown, the sale became … Read more
It was a different world when Valerie and Paul Sanders* agreed to buy a £700,000, four-bedroom home in Orpington, Kent. They were cash buyers and the vendor was moving into rented accommodation; there was no chain, no hold-ups. But with the exchange scheduled for March 23, the day the UK entered lockdown, the sale became … Read more
Mortgage rates drop to lowest average levels EVER as the housing market reopens – but banks still fail to keep pace with Bank of England cut Average mortgage rates drop to lowest levels in decades as lenders slash rates But the number of deals available remains low while the lockdown continues Small deposit buyers will … Read more