Rightmove warns 100,000 buyers on track for unexpected stamp duty bill

Average asking prices for homes started to fall in the past month, as sellers look to lure in buyers before the end of the stamp duty holiday on 31 March, according to new findings. Asking prices fell by £2,887, or 0.9 per cent over the past month, property website Rightmove’s new data has revealed. The … Read more Rightmove warns 100,000 buyers on track for unexpected stamp duty bill

Santander joins mortgage lenders turning off the tap for self-employed with new 40% deposit rule

Santander has become the latest lender to impose harsher restrictions on self-employed borrowers, excluding them from its lower-deposit mortgage deals.  The bank has said that new self-employed customers will only be offered mortgages to cover a maximum of 60 per cent of a property’s value. That means self-employed first-time buyers and most home movers will … Read more Santander joins mortgage lenders turning off the tap for self-employed with new 40% deposit rule

Deposits are falling, rates rising and prices uncertain. Should I buy my first home during Covid?

Whatever way you look at it, the property market had an exceptional year in 2020. It went from trundling along quite nicely in the first three months of the year, to a complete three-month shutdown during lockdown – during which time dire predictions were made about a coming crash.  Against the odds, house prices surged … Read more Deposits are falling, rates rising and prices uncertain. Should I buy my first home during Covid?

House prices set to fall ‘significantly’ in the coming months

House prices look set to fall ‘significantly’ over the next few months amid ongoing lockdown restrictions and the end of the stamp duty holiday, according to the Royal Institution of Chartered Surveyors. Last month, property prices, sales and buyer demand all increased, but at a slower pace than seen in previous months, Rics said. Predictions … Read more House prices set to fall ‘significantly’ in the coming months

House prices set to fall ‘significantly’ in the coming months

House prices look set to fall ‘significantly’ over the next few months amid ongoing lockdown restrictions and the end of the stamp duty holiday, according to the Royal Institution of Chartered Surveyors. Last month, property prices, sales and buyer demand all increased, but at a slower pace than seen in previous months, Rics said. Predictions … Read more House prices set to fall ‘significantly’ in the coming months

As the cladding crisis rages, scandal of the homeowners shut out of £1bn support fund

Punished for PAYING UP! As the cladding crisis rages, scandal of the homeowners shut out of £1bn support fund… for trying to make flats safe Ministers have set aside a total of £1.6bn to fund remediation work  But many flat owners are having to cover the cost of recladding themselves  This is because the current pot … Read more As the cladding crisis rages, scandal of the homeowners shut out of £1bn support fund

Can an architect and builder visit my house in lockdown?

We moved home last summer into a house that we consider a project and needs totally refurbishing and extending. It’s not quite a Grand Design but we intend to completely transform the house. Our plan was to get a small selection of architects round in the New Year to give us their thoughts on what … Read more Can an architect and builder visit my house in lockdown?

Hopes for homebuyers as stamp duty date looms

Homebuyers at risk of missing out on stamp duty holiday could still be thrown last-minute lifeline By Laura Shannon, Financial Mail on Sunday Published: 21:50 GMT, 9 January 2021 | Updated: 21:50 GMT, 9 January 2021 Homebuyers at risk of missing out on the stamp duty holiday could still be thrown a last-minute lifeline as … Read more Hopes for homebuyers as stamp duty date looms

Halifax: House prices hit record high in December but boom slows

House prices nudged upwards to end 2020 at an all-time high of £253,374 in December – but there are signs that the lockdown price boom is coming to an end. The mini-boom that arrived after the property freeze at the start of lockdown led house prices to climb 6 per cent last year, with the … Read more Halifax: House prices hit record high in December but boom slows

Halifax: House prices hit record high in December but boom slows

House prices hit new record high in December says Halifax – but increase of just £131 suggests lockdown price boom could be coming to an end The average house price in the UK was £253,374 at the end of December 2020 It is the sixth consecutive monthly increase, as Covid prompts people to move However, … Read more Halifax: House prices hit record high in December but boom slows