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House prices could collapse by as much as 20% amid coronavirus crisis The stock market is already pricing in a 12 per cent fall in house prices That would knock £28,000 off the average £234,700 selling price A fall of 20 per cent would knock £46,900 off average prices Coronavirus symptoms: what are they and … Read more
Most mortgage lenders HAVEN’T even passed on last week’s Bank of England base rate cut to customers – we reveal the ones that did The Bank of England cut base rate twice in as many weeks, now to 0.1 per cent This means lenders can now borrow money more cheaply than ever before Despite this … Read more
With the emergency base rate cut, a Budget and markets crashing amidst the escalating coronavirus crisis, many will be worried about how this chaos will hit their finances. In theory, mortgage holders with tracker deals and most of those on standard variable rates and discount rates should see a slight reduction in their monthly bills … Read more
Experts have warned that a ‘second stepper’ housing crisis may be looming as the cost of buying a home for a growing family continues to spiral. The price gap between the first and second rung of UK property ladder has more than doubled since the financial crisis – and in some towns is as much … Read more
Experts have warned that a ‘second stepper’ housing crisis may be looming as the cost of buying a home for a growing family continues to spiral. The price gap between the first and second rung of UK property ladder has more than doubled since the financial crisis – and in some towns is as much … Read more
House prices appear to be growing again as buyers return to the market, the latest findings of a closely-watched survey reveal. Yorkshire and the Humber, London and East Anglia saw the ‘strongest momentum’ for house price growth in the Royal Institute of Chartered Surveyors’ February report. The number of agreed sales, new buyer enquiries and … Read more
Home buyers were left disappointed today after a hoped-for stamp duty cut failed to materialise in the Budget. There had been speculation that the Chancellor could tweak the tax to help stimulate the housing market. However, Chancellor Rishi Sunak chose not to include any stamp duty changes for UK buyers. Instead a 2 per cent … Read more
Home buyers were left disappointed today after a hoped-for stamp duty cut failed to materialise in the Budget. There had been speculation that the Chancellor could tweak the tax to help stimulate the housing market. However, Chancellor Rishi Sunak chose not to include any stamp duty changes for UK buyers. Instead a 2 per cent … Read more
MPs call on lenders to halt all repossessions against mortgage prisoners until help arrives By Will Kirkman For Thisismoney.co.uk Published: 18:26 BST, 9 March 2020 | Updated: 09:00 BST, 10 March 2020 MPs have called on firms to cease all repossession proceedings against mortgage prisoners until a working group is established to help them. Members … Read more
Bristol is the most popular spot for buyers purchasing their first home with the help of a Lifetime Isa in 2019, This is Money can reveal. A total of 380 homes were bought in the city in the South West, according to Skipton Building Society, the first provider to offer the Government-backed savings scheme. The … Read more