A south-facing garden has long been a selling point for estate agents, with home buyers able to look forward to sunlight at most times of the day. As such, those with the luxury of owning one have long found that their properties attract higher offers than their neighbours across the road. But with the pandemic … Read more
The total value of private property in the UK topped £6trillion for the first time on record last year, fresh data reveals. Mortgage-holders also made an ‘unprecedented’ £5.1billion worth of overpayments in the final quarter of 2020, but regular repayments remain below pre-pandemic levels, the Equity Release Council said. In the final quarter of last … Read more
The total value of private property in the UK topped £6trillion for the first time on record last year, fresh data reveals. Mortgage-holders also made an ‘unprecedented’ £5.1billion worth of overpayments in the final quarter of 2020, but regular repayments remain below pre-pandemic levels, the Equity Release Council said. In the final quarter of last … Read more
Agreed house sales surged in March as the extension of the stamp duty holiday had an immediate impact on the housing market. Half of property professionals reported an increase in agreed sales during the month. This marked the strongest rise in agreed sales since August 2020, according to the Royal Institution of Chartered Surveyors. Cardigan in … Read more
A significant number of homeowners could be overpaying for their home insurance because they bought a policy from their mortgage provider, instead of searching for the best deal. Almost a third of homeowners have taken out an insurance policy through their mortgage provider at the time of their house purchase, according to research by Compare … Read more
Property price growth slowed slightly in the last month amid a ‘softening’ of demand ahead of the original end of the stamp duty holiday. The annual pace of growth slid from 6.9 to 5.7 per cent, according to the latest Nationwide index, marking the slowest 12 month rise since September 2020. The average cost of a … Read more
House prices in cities and towns are being driven up as workers start to prepare for a return to the office, new research suggests. Prime postcodes in Winchester, Oxford and Bath saw some of the biggest price rises at 4 per cent, 3.7 per cent and 3.2 per cent respectively in the first three months … Read more
We have just received our homebuyer report on the period property we want to buy. It has pointed out that some aspects of the loft conversion and rear extension might not conform to current building regulations. But both of these were done more than 20 years ago by previous owners, so there are no certificates. … Read more
Missing a mortgage payment is something most homeowners would never dream of doing but often it can be taken out of their control. Throw an illness, family emergency or global pandemic into the mix, and paying the monthly balance can quickly become a struggle. This is especially true for those without significant savings. Currently, 43 per cent … Read more
Pandemic property boom drives mortgage approvals up 38% on long-term average, Bank of England data shows Mortgages for new home purchases 38% above 10-year average in February Approvals dipped slightly compared with January but could surge again following the extension of the stamp duty tax holiday and first-time buyer boosts People borrowed £6.2bn against their … Read more