The housing market saw an ‘abrupt turnaround’ from the best start to a year since 2016 as the number of homes put up for sales collapsed after the UK went into lockdown. Property website Rightmove said the average house price ‘of the daily dwindling number of properties coming to market’ rose 2.1 per cent to … Read more
Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance. But … Read more
Confident house sellers are attempting to reap the rewards of a ‘Boris Bounce’ as they push average property asking prices back to near their all-time high. The average newly-listed home price rose £2,589 in the month to mid-February, or 0.8 per cent, to £309,399 – just £40 below the previous record high reached in June 2018. … Read more
Revealed: 1.2million households have already taken a mortgage holiday – but experts warn some could struggle to remortgage as a result Some 1.2m households have taken a mortgage repayment holiday so far The vast majority of these will have been financially hit by coronavirus But experts warn these borrowers may be looked upon unfavourably in future … Read more
It’s no secret that some parents adopt all manner of tactics to ensure their children have the best chance of being admitted to a good school. Moving home, finding faith and renting in a catchment area are all methods employed to navigate the strict criteria that many schools impose to whittle down admissions that come … Read more
Act now if your home loan deal ends in three months as getting a new deal will take longer amid coronavirus crisis Up to 44% of borrowers could be missing out on big savings by failing to switch They are likely to be on their provider’s standard variable rate But it will take longer to … Read more
Banks and building societies have cut a staggering 47 per cent of all mortgage deals from sale over the past three weeks in a move not seen since the credit crunch, as fears over the health of the housing market loom. This month the Government urged buyers and sellers not to move home as the pandemic continues to … Read more
Banks pull half of their mortgages in just over three weeks in biggest cull since the last financial crisis By Miles Dilworth For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 Banks have cut half of their mortgage products in just over three weeks in the biggest … Read more
Property prices were stable in March, but with market activity falling drastically thanks to the coronavirus outbreak, it remains to be seen if they hold up. February 2020 saw a record high for house prices at an average of £240,461 according to lender Halifax. Meanwhile, the typical value was £240,384 in March, according to its … Read more
I’m in the middle of a mortgage application but I’ve just found out that my employer is putting me on furlough. I’ll still get 80 per cent of my salary from the government but I’m not sure what this means for my application. Will this affect the lender’s decision? Will they still accept 100 per … Read more