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
Mortgage prisoners may finally be able to switch to a better deal after the City watchdog relaxes its rules By Sarah Davidson For Thisismoney.co.uk Published: 16:06 BST, 28 October 2019 | Updated: 16:06 BST, 28 October 2019 Mortgage prisoners locked into expensive rates have been offered a potential lifeline after the financial watchdog relaxed its … 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
The public lockdown amid the coronavirus pandemic has restricted our lives in ways previously unimaginable. Stockmarkets have plunged, companies in every sector could need billions in government bailouts to survive and high streets are deserted. The Bank of England has been forced to slash interest rates to near zero in a bid to shore up … Read more
Homeowners who bought with a small deposit and are now nearing the end of their fixed or tracker rate deal could find themselves forced onto a higher interest rate, pushing monthly payments up significantly. Most lenders say they will honour the Government promise to offer homeowners struggling financially due to coronavirus a mortgage payment holiday … Read more
Britain’s property market and economy could enjoy a ‘strong rebound’ once the coronavirus crisis ceases, Nationwide suggested. The latest Nationwide house price index painted a picture of a property market before coronavirus hit, with the average cost of a home up 3 per cent annually as home values rose at the fastest pace since January 2018. … Read more