Home sellers will be able to use smartphones, cameras or laptops to capture and share high-resolution photographs and video footage of their property with a chartered surveyor, under plans seen exclusively by This is Money. One company has come up with a system that allows homeowners to give chartered surveyors a virtual tour of their … Read more
The majority of home-seekers are determined to plough ahead with their property transactions once lockdown restrictions are eased, new findings show. Ninety-four per cent of buyers and sellers surveyed in research by property website Rightmove said they want to get their property deal moving when the housing sector is taken off the leash. As lockdown … Read more
The averge UK property prices ‘unexpectedly’ increased in April despite the coronavirus lockdown, fresh figures from Nationwide suggest. The average cost of a home across the country rose by 0.7 per cent compared to March, and on an annual basis, house prices rose by 3.7 per cent. At a record £222,915, the average house price is … Read more
The housing market could be back up and running in just a few weeks after the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely. A spokeswoman for the Royal Institute of Chartered Surveyors told This is Money that it is readying a new set of guidelines … Read more
Hundreds of thousands of home sales worth a total of £82billion that were agreed before the outbreak of the coronavirus pandemic are now on hold due to the lockdown, new research shows. Property website Zoopla said some 373,000 property transactions are suspended in the pipeline as Government restrictions are effectively stopping people from moving home. … Read more
What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more
The pace of house price growth seen since the start of the year had already begun to slow down in February before the market was frozen by the virus lockdown, new official data shows. While property prices have risen by an average of £2,000 to £230,000 in the last year, the monthly upturn in prices … Read more
The housing market saw an ‘abrupt turnaround’ from the best start to a year since 2016 as the number of homes put up for sales collapsed after the UK went into lockdown. Property website Rightmove said the average house price ‘of the daily dwindling number of properties coming to market’ rose 2.1 per cent to … Read more
Revealed: 1.2million households have already taken a mortgage holiday – but experts warn some could struggle to remortgage as a result Some 1.2m households have taken a mortgage repayment holiday so far The vast majority of these will have been financially hit by coronavirus But experts warn these borrowers may be looked upon unfavourably in future … 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