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December 19, 2014 - Latest:

A quarter of consumers will cut down on Christmas spending because of housing costs

17 December 2014

Over a quarter of consumers say that they will cut down on spending this Christmas compared to previous years, so that they can pay the bills and make their monthly [...]

House price rises slow to 10.4% in October

16 December 2014

House prices rose by 10.4% in the year to October to £271,000, although the rate of increase slowed down 12.1% in the year to September 2014, the latest official figures [...]

Did your house earn more than you last year?

12 December 2014

The average property has earned more in the past 12 months than a typical British worker.   While the average worker earned £27,271 in a year, the average house added [...]

More than 40,000 Northern Rock borrowers in line for payouts

10 December 2014

Around 41,000 Northern Rock borrowers could stand to receive thousands of pounds in compensation following a High Court ruling. State owned Northern Rock Asset Management (NRAM), which holds many of [...]

High employment adds £100,000 to house prices

5 December 2014

Property prices in areas when employment is high have risen by £100,000 over the past decade, more than double the national average. Average house prices in the 20 top performing [...]

How to pip other homebuyers to the post when the property rush begins next year

5 December 2014

A rush of homebuyers is expected after the shake-up of stamp duty has put more money in their pockets; here’s a homebuyer’s guide to make sure you find the right [...]

Stamp duty overhaul to save average £4,500 on average purchase, but “mansion” buyers will pay more

3 December 2014

The Chancellor has announced sweeping changes to the stamp duty system, which he claims will mean 98% of home buyers pay less tax. Speaking in his Autumn Statement today, George [...]

Stamp duty and business rate reforms are tipped

3 December 2014

George Osborne is planning to reform business rates and the stamp duty system in his Autumn Statement this afternoon, reports suggest. According to The Financial Times, the Chancellor will announce [...]

Help to Buy gets 54,000 people on to the property ladder

28 November 2014

The government’s flagship homeownership scheme, Help to Buy, has helped 66,000 people to buy a property since it was introduced in April last year. Help to Buy was introduced in [...]

House prices cool but for how long?

28 November 2014

There is more evidence that the UK property market is cooling off as house price growth in November fell to 0.3%. The latest figures from Nationwide’s house price index show [...]

Mindful Money’s new mortgage calculators

27 November 2014

Mindful Money has launched a range of mortgage tools so readers can now search online for the best deals.  We’ve teamed up with London & Country, the UK’s leading fee [...]

Warning about council tax scammers

26 November 2014

A Government agency has warned against  scams by companies offering to challenge your council tax band. The Valuation Office Agency (VOA)  said it can be contacted to check or query [...]

Mortgage approvals drop 16% to lowest in 17 months

25 November 2014

The number of mortgages approved by banks has dropped by 16% to the lowest level for 17 months, providing further evidence of a cooling property market. The British Bankers’ Association [...]

Brighton is the gazumping capital

25 November 2014

Brighton has become the gazumping capital of Britain as 35% of people surveyed said they have been a victim of this frowned-on practice in the past. This figure compares to [...]

Lending drops by £1bn at Nationwide, but profits rise

25 November 2014

Gross mortgage lending dropped by almost £1bn at Nationwide in the six months to the end of September, Britain’s biggest building society revealed. The fall suggests that tougher new mortgage [...]

Want to invest in property? 5 reasons to be bullish on UK housebuilders

21 November 2014

You may not have the cash to become a property tycoon but you can still benefit from the UK housing market through investing in housebuilders. Office of National Statistics figures [...]

Private rents rise to a new high of £770 a month

21 November 2014

Private rents hit a record high last month, with tenants shelling out an average of £770 a month. The cost of renting in England and Wales increased to the new [...]

Rural properties come at a £47,000 premium to most urban homes

12 November 2014

Countryside properties are commanding a £46,575 average premium over the cost of urban homes when you exclude London, a study by Halifax has revealed. On average, homes in rural areas [...]

Lending to first-time buyers dips for second month running

11 November 2014

Lending to first-time buyers fell for the second month in a row, with 26,800 loans in September, down 3% on August, the latest Council of Mortgage Lenders’ figures show. The [...]

Which two building societies have slashed mortgage rates below 1.5%?

7 November 2014

Two building societies have slashed the cost of two-year mortgages for customers with a 35% deposit. Chelsea Building Society and Yorkshire Building Society have each launched two-year fixed-rate mortgages of [...]

Child maintenance dodgers told to pay up or they could be refused a mortgage

5 November 2014

Parents who miss child maintenance payments could soon be turned down for a mortgage  under Government plans for this information to be shared with credit reference agencies. From March next [...]

Conservatories provide the best return in home improvement league tables

4 November 2014

Conservatories are the home improvement that yields the best return on investment at 108%, new analysis has found. A study by Zopa, the peer-to-peer lending platform, has revealed that the [...]

Half a million over 50s may have to sell their homes to clear interest-only debts

4 November 2014

Half a million over 50s may have to sell their home to pay off their interest-only mortgage. Four in 10 over 50s are paying off a mortgage worth on average [...]

Number of homes sold for £1m reaches record high

31 October 2014

The number of million pound properties sold in Great Britain has hit a record high with 33 homes worth six figures sold every day. Figures from Lloyds Bank show a [...]

House prices dip in September in further sign that market may be cooling

28 October 2014

House prices dipped by 0.2% between August and September to £177,299, adding to evidence that the property market may be starting to cool. The average property value in England and [...]

Lenders cut mortgage rates to record lows

22 October 2014

Nationwide Building Society will tomorrow launch its lowest ever two-year fixed rate mortgage at 1.74% for existing home loan customers and 1.74% for new borrowers. The deal requires a 40% [...]

Older homeowners release record sums from their properties

21 October 2014

Older home owners are benefitting from house price increases to withdraw record sums from their properties, new figures reveal. A record £1 billion was released from properties by over-55s in the [...]

Borrowers shrug of interest rate fears as more opt for tracker mortgages

17 October 2014

Homebuyers have shrugged off concerns about impending interest rate rises as the number applying for a fixed-rate mortgage fell to its lowest level in almost two years. Figures from the [...]

Address inconsistencies cause chaos for borrowers

14 October 2014

Addresses that are not listed on online forms are wreaking havoc for thousands of consumers who want to borrow money, but do not have an accurate credit report. A new [...]

Housing market shows further signs of slowing

14 October 2014

The housing market showed further signs of slowing as official figures revealed that prices increased 11.7% in the year to August, unchanged from the rise in the year to July. [...]

Scotland plans ‘mansion tax’ to pay for stamp duty cut on affordable homes

10 October 2014

Scotland has introduced a new ‘mansion tax’ that will fund a cut in stamp duty on affordable homes. A new land and building transaction tax will be brought in next [...]

Lending to home buyers sinks to lowest level in two years

7 October 2014

Lending to home buyers has sunk to its lowest level in two years following tough new regulations in the mortgage market. The Bank of England’s credit conditions survey showed that [...]

Free iPad with your mortgage? Borrowers warned to look past gimmicks when choosing a home loan

1 October 2014

Lloyds Bank is attempting to win new customers by offering a free iPad Mini to first-time buyers and home movers who take one of its mortgages. The bank is offering [...]

Borrowers with Northern Rock’s infamous 125% mortgages now punished with rates of up to 13%

1 October 2014

Borrowers who took out Northern Rock’s infamous mortgages of 125% before the credit crunch are now being punished with sky-high interest rates of up to 13%. The failed bank’s Together [...]

Mortgage price war continues

30 September 2014

Mortgage lenders are jostling to keep on top of the best-buy tables as West Brom building society and Tesco Bank launch market-leading new deals. Tesco Bank has launched a five-year [...]

House prices dip in September

30 September 2014

After months of speculation that we may be in the midst of a housing market bubble, prices actually fell in September by 0.2% compared to the previous month. This was [...]

More than a quarter would struggle with higher rate according to Building Societies Association research

24 September 2014

Over a quarter of people with a mortgage (27%) say they will be in financial trouble when interest rates rise, according to new research published by the Building Societies Association [...]

Downsizers set to release £137bn over next five years

23 September 2014

Retirees are set to release nearly £137 billion from their properties by downsizing over the next five years, new figures reveal. Nearly 1.4 million people, representing 12% of the UK’s [...]

Mortgage lending up 15% in August

23 September 2014

New mortgage lending rose by 15 per cent  to £11.1 billion in August compared to a year earlier in a sign that the market is beginning to moderate and show [...]

Lenders ramp up competition with mortgage rate reductions

19 September 2014

Lenders have increased competition in the mortgage market further, with both Lloyds and Leeds Building Society reducing rates across their ranges. Lloyds has reduced selected five-year mortgage rates by up [...]

House prices up 12% in biggest annual rise for seven years

16 September 2014

House prices increased by 11.7 per cent in the year to July to an average of £272,000, while London saw a steeper rise of 19.1 per cent to £514,000, official [...]

Brits want more housing just not in their back yard

16 September 2014

The mission to solve Britain’s housing shortage is being thwarted by the “Not in My Back Yard” attitude of millions of residents, a new study has revealed. The majority of [...]

Struggling households sell possessions to survive

9 September 2014

One in ten households have resorted to selling their possessions in a bid to meet their housing costs, new figures from the housing charity Shelter reveal. Over three million households [...]

“Yes” vote could see mortgage payments jump for Scottish borrowers

9 September 2014

Scottish homeowners have been warned that a vote in favour of independence could result in higher mortgage payments. An independent Scotland might have to create a new currency in order [...]

Axe stamp duty for properties under £500,000, urge MPs

5 September 2014

MPs have urged the government to help families and axe stamp duty on homes under £500,000.   Anne Main, Conservative MP for St Albans said the current system, which charges [...]

New European rules will make it harder to get a buy-to-let mortgage

5 September 2014

The Treasury has U-turned on its plans to allow the buy-to-let mortgage market to remain unregulated after pressure from Europe.   Government had promised that buy-to-let mortgages would remain unregulated [...]

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 [...]

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