Can you get a mortgage on furlough? Lenders are tightening the screws but if you know where to look, it is possible Searches for furlough-friendly mortgages were up 230% in November Many lenders shunning furloughed workers unless they have returned to work But there are still options available, say mortgage advisers By Ed Magnus For … Read more
First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland The two and five-year fixed term deals will require a 10% deposit They are open to both first-time buyers and home movers Yorkshire … Read more
The surge in house prices saw the average property in Britain reach a record high of £245,000 in October, as buyers race to complete transactions ahead of the stamp duty holiday on 31 March 2021. Property prices rose by 5.4 per cent, or £19,000, in the year to October, up from a 4.3 per cent … Read more
Mortgage lenders turn against self-employed workers even if they have healthy incomes By Miles Dilworth For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:36 GMT, 15 December 2020 Self-employed workers with healthy incomes are having mortgage applications unfairly rejected, experts warn. Banks are imposing stricter checks on anyone who works for … Read more
Building society bosses plead with government to ‘taper’ stamp duty holiday for those with approved mortgages Government temporarily increased the nil rate band of residential stamp duty in England and Northern Ireland from £125,000 to £500,000 The ‘holiday’ is due to end on 31 March 2021 Building Society bosses say this will have a ‘damaging … Read more
Halifax will pay off the mortgage of 10 customers next month in a prize draw: What do you need to do to take part? Halifax offers a monthly prize draw that pays off a home loan The competition launched in November 2018 and relaunched in May this year In January, it will pay off 10 … Read more
House prices are forecast to keep on climbing next year in spite of Brexit, the Covid crisis and whether or not the Government extends the stamp duty holiday, a property portal has claimed. Rightmove said asking prices rose almost 7 per cent this year and predicts a further 4 per cent increase in 2021. It … Read more
House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more
Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago. Of the 86 mortgages available to first-time buyers with a 10 per cent deposit, only 25 of these mortgages are available to all, according to analysis by Defaqto. It … Read more
Mounting concern among estate agents that property market could stall in the new year as queries from home buyers wane Surveyors worried about the prospects for the housing market next year Prices continuing to rise in most parts of Britain but demand slowing Stamp duty holiday and furlough scheme come to an end on 31 … Read more