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The average house price surged by £28,000 in the year to September to hit another record high, according to latest government figures. The 11.8 per cent rise is up from 10.2 per cent recorded in August, the Office for National Statistics Index shows.  The typical home has now reached an all-time high of £270,000 – … Read more

Big banks are cashing in on savers who hold billions of pounds in accounts that pay a pittance. Santander has increased its net interest margin — the difference between what it pays savers and charges borrowers — by a fifth over the past year, from 1.59 per cent to 1.91 per cent.  This is after … Read more

Buyers looking to negotiate their new home can try to take advantage of a seasonal dip in asking prices, new figures have revealed. Property website Rightmove said the average asking prices of homes newly listed for sale fell by £2,044 in the past month, as the traditional November slowdown arrived, despite this year’s soaraway housing … Read more

The government is on a mission to retrofit the UK’s ageing housing stock – which accounts for roughly 20 per cent of the nation’s CO2 emissions. Its current aim is to have as many homes as possible reach a C rating by 2035 in England and Wales, with an even earlier target being set for private … Read more

The typical cost of a mortgage has gone up for the first time since June, as lenders price in a possible base rate rise.  Those with big deposits have been hit hardest, seeing increases of nearly 0.4 per cent in the month to 1 November – just head of base rate sticking at 0.1 per … Read more

Property prices have hit a record high of £270,027 as buyers continue to search for space, according to one of the country’s largest mortgage lenders. The typical home price has increased 8.1 per cent in the last year, according to Halifax.  Since the start of the pandemic, it said prices had risen by £31,500. It … Read more

Some households in England are paying council tax equivalent to a third of their annual rent or mortgage costs. The inequity of the council tax system has been laid bare by new data from the property website Rightmove, which reveals vast differences in the amount paid across the country. In the most expensive area, Nottingham, … Read more

Mortgage brokers are urging homeowners to review their loan terms and see if they could avoid a potentially ‘devastating’ rate rise that has been forecast as a worst-case scenario for 2023.   Mortgage payments could increase by hundreds of pounds a month if the Bank of England’s base rate was to rise, as the Office for … Read more

Nearly half of homeowners have never remortgaged their properties, despite the fact it could save them hundreds or even thousands of pounds a year. While almost one in three homeowners knew that remortgaging could save them money, 49 per cent had never switched their deal, according to Barclays, one of Britain’s largest lenders. The typical … Read more