Government plans to offer local first-time buyers homes at a discount at least 30 per cent have left property experts scratching their heads. While the property industry cautiously welcomed Boris Johnson’s proposal to offer cheap first homes to local people, questions have been raised over how this could actually work. The plan could involve replacing … Read more
Annual house price growth across the country has slowed to its lowest level since 2012, new data from the Office for National Statistics shows. In the year to October, the cost of a home rose by 0.7 per cent to £233,000, down from a 1.3 per cent growth spurt in September, with dwindling prices in … Read more
Second home-owners warned to watch out for a new capital gains tax grab: From next April you could pay more if you sell your old property, warns leading tax expert Restrictions to a tax relief on the sale of main home to be introduced from April Restrictions to ‘lettings relief’ are also set to be … Read more
The UK housing market has been slowly suffocated over the past three years due to the interminable uncertainty — but now, estate agents are hoping for New Year fireworks. Prior to the EU referendum in June 2016, the annual growth rate of property prices was more than 8 per cent. It has steadily declined ever … Read more
Move over cute cats, video gamers and make-up experts: the next (and unlikely) stars of YouTube could be property landlords. While investing in property might not be as hot a subject as the latest Fortnite hacks or how to clean your house, there is a growing audience of people who want to watch videos about … Read more
Leading charities and financial experts have welcomed a probe by the City regulator into equity release mortgages following claims of rampant mis-selling of these expensive long-term loans. Soaring numbers of elderly homeowners have been using equity release mortgages as a way of borrowing money against the value of their homes, with the debt not being … Read more
House price growth tipped to reach 2% next year as confidence returns to the market Economist Howard Archer says the Tories’ win will boost house price growth He said record low interest rates would also help homebuyers By Helen Cahill For Mail On Sunday Published: 22:01 GMT, 14 December 2019 | Updated: 22:01 GMT, 14 December 2019 … Read more
The property market is forecast to bounce in the New Year as the decisive election result releases some pent-up demand – but sellers have been warned not to get greedy. Sellers and buyers who have put home moves on ice due to political uncertainty have been tipped to return to the market and deliver a … Read more
Return of the 95per cent mortgage: Concerns mount that first-time buyers are over-stretching home loans hit highest level since 2008 credit crisis Proportion of low-deposit mortgages taken out at its highest level since 2008 Outstanding mortgage debt has also risen by 3.9% to £1.49bn More borrowers are stretching their loans out for longer By Will … 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
Have you ever thought about buying a home but are not sure whether it is worth splashing the cash? Perhaps there are worries over unruly neighbours, bad traffic or the property simply not being the right fit. One new online platform is hoping to change all that by allowing prospective buyers to stay in a … 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
Nine out of 10 homeowners stung by the leasehold scandal weren’t given clear legal advice when they bought, claims ‘disturbing’ new report Some 89% of leaseholders were not properly advised on what they were buying This comes amid an investigation by the Competitions and Markets Authority Nine out of 10 leaseholders said they would not buy … Read more