Mortgage lenders will continue to offer mortgage payment holidays to some financially vulnerable customers after the government scheme ends, the City watchdog has confirmed. While the scheme officially ends at the end of next month, the Financial Conduct Authority said that banks and building societies can continue to offer payment holidays for borrowers who need … Read more Mortgage holidays are ending soon but banks will still offer support to the most vulnerable
The price is NOT right: Home sellers warned against setting their sights too high as those who don’t have to reduce asking prices sell much quicker Just one third of sellers who listed a property but then had to reduce the asking price found a buyer between May and September, says Rightmove Two thirds of … Read more The price is NOT right: Home sellers warned against overpricing
My abusive ex-partner is threatening to sue for half my flat, though it’s mine and he never paid rent – what can I do? By Tanya Jefferies for Thisismoney.co.uk Published: 07:45 BST, 18 September 2020 | Updated: 07:45 BST, 18 September 2020 My ex-partner is threatening to take me to court for half of my … Read more My abusive ex partner is threatening to sue me for half my flat
Nearly half of homebuyers have attempted to haggle down the price of their property purchase since March. A survey by online estate agent Strike found that since lockdown began, some 45 per cent of sellers questioned had buyers ask for a reduction in sale prices, most commonly ranging from a 5 per cent to 10 … Read more What’s the best way to get an offer on a house accepted?
Britain’s house buyers have seemingly gone bonkers as prices soar to record highs while the economic bad news keeps coming. Estate agents have claimed that some ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant … Read more House sales frenzy: Should you ever pay over the asking price?
Britain’s house buyers have gone bonkers as prices soar to record highs. Estate agents told Money Mail ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant after lockdown ended. But with rising unemployment forecast, and … Read more House sales frenzy: Properties selling for well over the asking prices
Bank of Scotland facing court battle with homeowners stung by debts linked to house prices after shared appreciation mortgage scandal negotiations fail Shared appreciation mortgages have left elderly homeowners owing Bank of Scotland and Barclays enormous debts due to house price inflation Law firm Teacher Stern has been fighting for fairer charges for those affected … Read more Bank of Scotland facing court over shared appreciation mortgages
House prices will fall by almost 14 per cent next year when the stamp duty holiday comes to an end and job losses rise further, a think-tank has warned. Economists at the the Centre for Economics and Business Research made the gloomy prediction that a slump will follow the current mini-boom, with pent-up demand that built … Read more House prices to fall 14% next year, Cebr says
Chief executive of NAEA Propertymark Mark Hayward, says that sellers should ‘make sure everything is in order to help maximise your chances of completing ahead of 31st March’. Show you are serious from the get-go Read up on and adhering strictly to all social distancing measures. Rearrange any cluttered furniture to prevent viewers from needing … Read more Home sellers and buyers warned to act within weeks if they want to benefit from stamp duty holiday
First-time buyers scramble to secure ‘fire sale’ mortgages: TSB offers one-day 90% mortgage until 5pm TODAY TSB is the latest bank to offer small deposit mortgages for a limited time The lender released a 90 per cent loan-to-value deal for one day only, before pulling it after applications flooded in First-time buyers have seen their … Read more Buyers with a 10 per cent deposit have one day to secure a mortgage from TSB
First-time buyers struggling to keep up with rising house prices may have been thrown a lifeline following an overhaul of the government’s shared ownership scheme. Under shared ownership, buyers can purchase a small stake in their home and pay a subsidised rent to their housing association on the remaining portion. It’s then possible to ‘staircase’ … Read more Shared ownership homeowners will be able to buy their home 1% at a time from April
A third of UK homes are now multi-generational, but rather than the traditional granny flat it is now mainly due to adult children living with their parents, new research has revealed. Equivalent to nine million homes in the UK, these households are classed as adults from different generations living together at the same address. Whilst … Read more A third of homes are multi-generational with granny flats becoming popular
First-time buyers and families risk being priced out with house price growth at its strongest level since 2016, the Royal Institution of Chartered Surveyors said today. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, … Read more Rics: First-time buyers risk being priced out as house prices rise