Susanna Wood is due to move in less than three weeks but isn’t sure if this will still go ahead Homebuyers have been left in limbo after the Government urged the public not to move house during the coronavirus lockdown. Those in the middle of the buying process told us they are now unsure when … Read more
House price growth started to slow in January, official data from the Office for National Statistics and Land Registry shows. In the year to January 2020, the average cost of a home rose by 1.3 per cent to £231,000, against a boost of 1.7 per cent in the year to December. Monthly, typical property prices … Read more
Should you put your mortgage on hold for three months? Repayment holidays now available on loans for your home or buy-to-let property Homeowners facing financial difficulty due to coronavirus offered vital lifeline A ‘mortgage holiday’ allows them to suspend repayments for up to three months When it ends, you can pay back interest built up … Read more
Rightmove is facing a backlash from estate agents who claim it is not doing enough to help them throughout the coronavirus crisis which is seeing them lose business amid plummeting home viewings and sales. The property listing website has offered estate agents a 75 per cent discount for the next four months as the housing … Read more
Homeowners are unknowingly putting themselves into arrears by cancelling their mortgage payments without speaking to lenders first. Chancellor Rishi Sunak’s announced last week that homeowners in financial difficulty as a result of the coronavirus pandemic will be offered a three-month mortgage break, or ‘payment holiday’. But lenders have warned that some borrowers are cancelling their … Read more
House prices may fall by as much as 20% in the worst case scenario for a virus-hit property market, warn analysts The stock market is already pricing in a 12% fall in house prices, say analysts That would knock £28,000 off the average £234,700 selling price A fall of 20 per cent would knock £46,900 … Read more
House prices could collapse by as much as 20% amid coronavirus crisis The stock market is already pricing in a 12 per cent fall in house prices That would knock £28,000 off the average £234,700 selling price A fall of 20 per cent would knock £46,900 off average prices Coronavirus symptoms: what are they and … Read more
Most mortgage lenders HAVEN’T even passed on last week’s Bank of England base rate cut to customers – we reveal the ones that did The Bank of England cut base rate twice in as many weeks, now to 0.1 per cent This means lenders can now borrow money more cheaply than ever before Despite this … Read more
This is Money recently reported that 10-year fixed rates are currently at some of their lowest ever levels as banks and building societies battle for their business. A fierce mortgage price war has seen the number of 10-year fixed rate mortgages on offer grow substantially over the past year, pushing rates down to an average 2.76 … Read more
With the emergency base rate cut, a Budget and markets crashing amidst the escalating coronavirus crisis, many will be worried about how this chaos will hit their finances. In theory, mortgage holders with tracker deals and most of those on standard variable rates and discount rates should see a slight reduction in their monthly bills … Read more