First-time buyers squeezed by the mortgage crunch have been given another ray of hope as Yorkshire Building Society launches home loans for borrowers with a 10 per cent deposit. The move from one of Britain’s biggest building societies is better news for borrowers who have seen nine in ten of the mortgages for those with … Read more
Mortgage prisoners find their freedom after being locked in expensive deals since 2008 clampdown By Amelia Murray For The Daily Mail Published: 22:00 GMT, 24 November 2020 | Updated: 22:00 GMT, 24 November 2020 Mortgage prisoners are finally being freed from expensive deals after overpaying for years – but many are still trapped. An estimated … Read more
Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees. Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning. There are … Read more
House building plummets by a third with developers blaming local authority planning delays more than the pandemic Britain’s seven largest house builders have reported housing completions are down, on average, by 35 per cent from a year ago Small and medium sized developers have also warned their housing completions will be down this year – … Read more
The average UK house price jumped 4.7 per cent this year, reaching a record high of £245,000 in September, official figures show. It meant home values were up £11,000 on average compared to a year ago, according to the Office for National Statistics (ONS), with the property tax holiday being one of the driving factors … Read more
Asking prices for property dip as home sellers ‘get real’ in bid to complete deals before stamp duty deadline Some 0.5% was shaved off the average home placed on Rightmove in October compared to September Sellers pricing ‘realistically to get deals through before stamp duty deadline Home sales were up a substantial 50 per cent … Read more
Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row. With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more
A string of estate agents and surveyors across the country have started to see activity in the housing market slow down after a surge in recent months. While October saw buyer demand, sales and prices remain solid, the longer-term outlook for the market looks ‘subdued’, experts at the Royal Institution of Chartered Surveyors have warned. … Read more
Families who have struggled with money at some point in the past three years have seen their finances disproportionately hard hit as a result of coronavirus. Those who have a history of struggling to keep up with debt repayments are about 50 per cent more likely to have got further into debt as a result … Read more
House prices have leapt 7.5 per cent over the past year as the lockdown property mini-boom has driven the cost of the average home above £250,000, Britain’s biggest mortgage lender said today. Halifax said that property inflation had hit its highest level since the middle of 2016 on its long running house price index, with … Read more