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September 3, 2014 - Latest:

More than 48,000 use Help to Buy

2 September 2014

More than 48,000 people have bought homes through the Government’s Help to Buy scheme since it launched last year. Official figures reveal that 82 per cent of those who have [...]

Half of homeowners would struggle with 1% rate rise

1 September 2014

More than half of homeowners would struggle if interest rates rose by just 1 per cent, new figures reveal. While it is impossible to predict exactly when the Bank of [...]

TSB offers borrowers council tax cashback but how do its mortgage rates stack up?

29 August 2014

With the cost of living putting a strain on household budgets, TSB is offering to pay a year’s worth of council tax bills for new mortgage customers. The challenger bank, [...]

Average house now worth £190,000 as prices leap 11% in a year

29 August 2014

Property prices have increased for the sixteenth successive month, taking annual house price growth to 11%. The latest figures from Nationwide reveal the recent slowdown in prices could be just [...]

Mortgage borrowers expecting to pay £590 more a year if rates rise 0.5%

26 August 2014

Mortgage borrowers expect to pay £590 more a year on average if interest rates rise by 0.5% according to research by Comparethemarket.com. The firm says that for the 11.2 million [...]

The premium to live near one of England’s top state schools? That’s £483,031

26 August 2014

Parents looking to move to the postal district of the Beaconsfield High School in Buckinghamshire face paying a near £500,000 premium compared to the average house price in neighbouring areas. [...]

Buying instead of renting will save first-time buyers £1,300 a year

23 August 2014

Getting a expensive deposit together to buy your first home could cost you less in the long run as new figures show renting costs £110 more a month than buying. [...]

First-time buyer sales at seven-year high, but you’ll need £26,000 to get on the ladder

22 August 2014

The number of first-time buyers getting a foot on the ladder has risen to a seven-year high but they will have to spend £9,000 more than last year to secure [...]

Planning some DIY over the bank holiday? It could be more costly than you think

22 August 2014

If you’re planning a spot of home improvement this bank holiday weekend, be warned you could find yourself lumbered with an expensive bill to put a DIY disaster right. Research [...]

Mortgage borrowers in the South East and South West most concerned about future base rate rise

20 August 2014

Around half (51%) of UK homeowners are unconcerned about a rate rise and the impact that it could have on their monthly mortgage repayments over the next 12 months. However [...]

One million working households are ‘housing pinched’

15 August 2014

One million working households are ‘housing pinched’, spending more than half of their income on rent or mortgage payments.   Research from think-tank Resolution Foundation, reveals 1.6 million households in [...]

The property rush isn’t over: mortgage lending to increase over rest of year

8 August 2014

The introduction of stricter lending rules and government concern about the mortgage market are not expected to dampen enthusiasm for house buying in the rest of the year, as borrowing [...]

Mortgage lending reaches record high despite affordability clampdown

18 July 2014

Mortgage lending has increased 10% in the past quarter thanks to the seemingly unstoppable rise in house prices, but experts have warned the UK is still far from a fully [...]

Costly homes and income falls: how the burden of homeownership is growing

11 July 2014

Britain’s fiscal watchdog has warned the gap between house price growth and wage inflation will continue to rise, as fears emerge that the average wage could have fallen 20% more [...]

Bank of England warns lenders it will stop mortgages that are too risky

11 July 2014

The Prudential Regulation Authority (PRA) has said it will step in to halt home loans if it believes banks are still underestimating the risks posed by borrowers.   The PRA, [...]

House prices rise by 8.8% in 12 months says Halifax though monthly price falls by 0.6%

9 July 2014

House prices have risen in 8.8% in the 12 months to June, up from 8.7% in May according to the latest Halifax house price index. However prices are declining on [...]

London house prices rise 26% in a year as UK prices pass pre-crisis peak

2 July 2014

UK house prices have risen 11.8% since June 2013 according to the Nationwide house price survey passing their pre-financial crisis peak. All regions saw growth in house prices in the [...]

Red hot London property market needs ‘special measures’ to cool it

27 June 2014

The government may have capped the loan-to-income ratio for mortgage lending but Brian Murphy of Mortgage Advice Bureau said ‘special measures’ are still needed to cool the London property boom. [...]

Popularity of five-year mortgages increases as interest rate rise looms

20 June 2014

An increasing number of homeowners are opting to fix their mortgages for five years as the prospect of the first interest rate rise in five years looms. Although just one-third [...]

Buy-to-let boom sees landlords make over £20,000 per property in the past year

20 June 2014

Landlords have made an average of £20,000 on every property they own in the past twelve months thanks to rising house prices and accelerating rents. The latest buy-to-let index from [...]

Savers, borrowers, investors and pensioners: just how will an interest rate rise affect you?

13 June 2014

Speculation about when interest rates will rise has been rife in recent months and Bank of England governor has added fuel to the fire, warning a rise could happen sooner [...]

Bank warns of ‘sooner than expected’ interest rate rise that will hit ‘vulnerable’ homeowners

13 June 2014

Bank of England governor Mark Carney has warned interest rates could rise ‘sooner than expected’, and the fall out for over-indebted households could be very serious. Speaking at the annual [...]

Do what it takes to cool property market, chancellor tells Bank of England

6 June 2014

Chancellor George Osborne has told the Bank of England it ‘should not hesitate’ to cool the housing market should soaring property prices become a risk to the UK economy. How [...]

It’s easier to get a mortgage in France argue experts as average mortgage rates fall to all time low

4 June 2014

Rate decreases on government bonds and an increasingly bullish buyer’s market in France have pushed mortgage rates down to their lowest levels ever recorded. Average lending rates have now dropped [...]

Pensioner property wealth hits £807 billion

4 June 2014

The Over-65s have earned £1,346 in past three months from their homes, Key Retirement Solutions Pensioner Property Index shows. Retired homeowners have seen their property wealth grow by more than £6.3 [...]

Over 65 pensioner property wealth hits £807 billion in Britain

4 June 2014

The Over-65s have earned £1,346 in past three months from their homes the Key Retirement Solutions Pensioner Property Index shows. Retired homeowners have seen their property wealth grow by more [...]

First time buyers in London borrowing 3.83 times their income

28 May 2014

First-time buyers in Greater London took out 11,900 loans in the first quarter of 2014, a decrease of 11% compared to the fourth quarter of 2013 but up 29% compared to the same period in 2013. These [...]

Gross mortgage lending hits £12.2bn in April as RBS mulls income cap on lending in London

27 May 2014

Gross mortgage lending hit £12.2 billion in April with net lending of £1.1 billion according to the latest British Bankers’ Association statistics. This is the highest monthly gross lending since [...]

A brief Mindful Money guide to buy-to-let (with best buy table)

23 May 2014

Demand to rent has soared by 14% in the year to April 2014, with availability of rental property only increasing by 1% according to the Sequence National Lettings Index. So [...]

Valuations at same level as a year ago as lenders and borrowers come to terms with new affordability rules

20 May 2014

Housing market activity stabilised in April as new mortgage affordability rules came into place, according to chartered surveyors Connells Survey & Valuation. April saw valuations activity drop by 15% compared [...]

Landlords shrug off stricter mortgage rules to expand portfolios

16 May 2014

The introduction of stricter mortgage rules is not dampening the appetite for buy-to-let, with 60% of landlords planning on expanding their portfolio of properties in the next six months. Mortgage [...]

Three in five landlords planning to increase their portfolio in the next six months

16 May 2014

The buy to let market looks set to expand further during 2014, with 60% of landlords planning to increase their property portfolios over the next six months, according to research [...]

First time buyers – how to get on the housing ladder

14 May 2014

Consumer journalist Jill Insley looks at how first time buyers can take the first step on to the housing ladder. Critics say the Government’s Help to Buy scheme has helped [...]

Remortgaging gets tougher as affordability rules tighten

13 May 2014

A month-on-month slowdown in mortgage applications show the tightening of the lending rules is already hitting borrowers, and those remortgaging are feeling the brunt of the changes. The Mortgage Advice [...]

Mortgage approvals fall by 17% in three months as new affordability rules bite

9 May 2014

Mortgage lending has fallen by 17% in the three months to April according to research from online conveyancing firm E-surv. E.surv director Richard Sexton believes that the Mortgage Market Review, [...]

How to get a mortgage in a world of rising house prices and new lending rules

8 May 2014

Rising house prices and tighter lending regulations are contriving to make it much harder for borrowers to obtain the money they need to buy a home writes financial journalist Jill [...]

Guest blog: Nearing retirement with an outstanding mortgage. It may not be as simple as telling borrowers “pay down your debt”.

2 May 2014

Paul Smee, director general of the Council of Mortgage Lenders says the pension reforms pose many questions for lenders, the planned pension guidance and thus for those with outstanding mortgages [...]

Interest only borrowers increasingly paying down their loans. 2.2 million interest only loans outstanding at end of 2013

1 May 2014

Borrowers with interest only mortgages are becoming increasingly aware of the need to pay down their loans the trade body for mortgage lenders says. The Council of Mortgage Lenders and [...]

House prices soar 10.9% in a year says Nationwide in the biggest rise since 2007

1 May 2014

UK house prices have risen by a dramatic 10.9% rise over the past 12 months according to the Nationwide House Price index. Month on month house prices have increased 1.2%. [...]

Help to Buy living up to its name as it helps nearly 20,000 purchases in first 12 months

30 April 2014

Help to buy has assisted in the purchase of 19,394 properties in the first 12 months of the scheme according to the Department for Communities and Local Government. The total [...]

Buy-to-let landlords warned power swinging back to tenants over rents

25 April 2014

Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months to March 2014 according to the latest report from the Office for National Statistics. Private [...]

Lower earners and self employed may fail to get mortgages as big lenders’ computerised decisions apply tougher lending rules

23 April 2014

Ipswich Building Society has warned that new mortgage regulations risk creating a new group of mortgage misfits among the self employed and those earning less than £25,000 a year. From [...]

Home repossessions in the North of England outstripping the South by 44%

16 April 2014

The rate of home repossessions was 44% higher in the North than in the South of England in 2013, according to detailed research by e.surv chartered surveyors. e.surv’s analysis of [...]

Looking for a mortgage after 25 April? Get prepared for your spending habits to be stress tested by your lender

14 April 2014

Mortgage borrowers may find it more difficult obtaining the loan they want following the introduction of new rules on April 26 writes Jill Insley. Following an extensive review of the [...]

Fewer mortgages being offered on eve of tough new affordability rules for lenders and borrowers

11 April 2014

The number of mortgages being offered may be falling back as lenders change their systems to take account of a new tough affordability regime says e.surv, the UK’s largest chartered surveyor. [...]

Resist estate agents’ demands to match valuations to sale prices as house price crash looms, warns chartered surveyor

10 April 2014

Chartered surveyors must protect homebuyers and lenders against the mounting risk of a repeat housing market crash, a chartered surveyor has warned. Hotspot housing markets in London and Aberdeen show [...]

Halifax declares 10th April UK Mortgage Freedom Day (when your earnings so far match the annual cost)

10 April 2014

Halifax has declared the 10th April the UK Mortgage Freedom Day. The lender’s calculations suggest that on the 100th day of the year new UK homeowners will have finally earned [...]

Over 65s took out 16,000 mortgages in the UK last year worth £1.3bn

2 April 2014

Borrowers over 65 took out fewer than 16,000 mortgages in the UK last year worth around £1.3bn, the Lenders’ trade body the Council of Mortgage Lenders says. Some 4.5% of those [...]

High loan to value mortgages reach six year high as banks lend more before tighter regulations come into force

13 March 2014

Lending to high LTV borrowers reached a six-year high in February, as monthly high LTV loans topped 11,000 for the first time in six years, according to the latest Mortgage [...]

House prices soar 7.9% in a year. Estate agent says some regions “approaching madness”

6 March 2014

House prices have jumped 2.1% higher in the three months to February and are up a dramatic 7.9% on the same period last year according to the latest Halifax House [...]

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