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September 3, 2015 - Latest:

The problems with housing supply – when building more homes isn’t enough

3 September 2015

Council of Mortgage Lenders chief economist Bob Pannell sets out his thoughts on one of the key issues of the day: housing supply… When we published our revised market forecasts [...]

Over 55s planning more than three million future property deals

3 September 2015

More than two-thirds, at 37%, of homeowners aged 55 and over are planning at least one more property purchase in their lives according to new research by Prudential. The insurer’s [...]

More than a quarter of parents move to be in catchment area for a good school as premium for well-placed properties hits £32,000

2 September 2015

Over a quarter (26%) of parents with children of a school age have either bought or rented a new property in order to secure an address within their desired school [...]

September 2nd is the best day of the year to sell your house

2 September 2015

Today is the best day of the year to sell your house, research by online estate agent suggests. The findings are based on a number of influential factors, such [...]

More than half a million over-40s plan to use their pension to repay their mortgage

27 August 2015

Just over half a million people in the UK, or some 631,000, are planning to use part if not all of their retirement nest-egg to help repay their mortgage balance, [...]

UK annual house price inflation edges back in August says Nationwide

27 August 2015

The pace of annual house price growth retreated in August to 3.2% from 3.5% in July according to Nationwide. The mortgage provider’s house price index highlighted that it marked the [...]

The price gap between buying and renting narrows further claims new research

24 August 2015

For first-time buyers the cost of purchasing a home is now £670-a-year lower than renting, according to new research by Halifax. The average monthly costs associated with buying a three bedroom [...]

Cost of city property soars, and Cambridge leads the way

21 August 2015

The cost of buying a home in Britain’s biggest cities jumped by the largest amount in over a decade this summer.   Research by Hometrack showed that supply in the [...]

A growing number of UK households are expecting interest rates to rise sooner rather than later

20 August 2015

A growing number of UK households are anticipating that interest rates will rise within the coming 12 months. According to the latest Markit Household Finance Index, more than three-quarters of [...]

UK mortgage lending soars to its highest level in seven years

20 August 2015

Gross mortgage lending reached £22bn in July, marking the highest monthly total for seven years, according to the Council of Mortgage Lenders. The trade body’s latest numbers show that last [...]

House prices rise by 5.7% in June

18 August 2015

UK house prices increased by 5.7% in the year to June 2015, up from 5.6% in the year to May, taking the national average to £277,000. The Office for National [...]

How long does it take to find a new home? 25% of buyers need to see their future property only once shows research

17 August 2015

A third of home hunters spend almost three months browsing the property market, scouring websites such as Zoopla or Rightmove, dealing with estate agents and organising viewings, shows new research. [...]

Top money tips when it comes to paying for your rented home

17 August 2015

It has long been stated that moving home is one of life’s most stressful undertakings. As such it is vital to take into account every expense when it comes to [...]

Mortgage repossessions and arrears continue to slide

13 August 2015

New numbers from the Council of Mortgage Lenders show that home repossessions, which are already at their lowest level since its records began, continued to fall during the second quarter [...]

Government must do more to address housing supply urges the Royal Institution of Chartered Surveyors

13 August 2015

The government is failing to “address the real issue of supply” in the housing market according to the Royal Institution of Chartered Surveyors (RICS). The group’s latest UK Residential Market [...]

The new IHT rules and how they can impact ex-pats

12 August 2015

Expatriates often benefit from considerable tax advantages. Unfortunately, however, if you are UK domiciled there is no getting away from UK inheritance tax, no matter where in the world you [...]

How the Chancellor wants to make extending your London home much easier

12 August 2015

I think that we can all agree that moving house is expensive and an enormous upheaval, especially in London where prices have increased exponentially writes executive mortgage & protection consultant [...]

First-time buyers are £2,000 a year better-off thanks to the surge in market competition‏

11 August 2015

First-time buyers have never had it so good as a result of mortgage providers cutting costs in a bid to attract borrowers. The immediate aftermath of the financial crisis saw [...]

Mortgage lending rockets by 22% during June

11 August 2015

House purchase lending enjoyed a significant month-on-month uptick in June, rising by 22% according to the Council of Mortgage Lenders (CML). The rise was driven by both first-time buyers and [...]

Homeowners “must act now” to ensure they can meet their repayments when interest rates rise

11 August 2015

Homeowners have been cautioned that they have only a “short window” to get their finances in order before interest rates rise. The warning comes from the Money Advice Trust, following [...]

The number of people moving home jumps by a third compared with 2009

10 August 2015

The amount of people moving home in the first half of 2015 was almost a third, or 32%, higher than in the same period in 2009 when the housing market [...]

Annual house price growth retreats to 7.9% in July following June’s spike

6 August 2015

Annual house price growth slowed during July following a spike in June although Halifax claims the underlying pace remains strong. According to the lender prices firmed by 7.9% in July [...]

Borrowers urged to act now as mortgage rates start to rise

4 August 2015

Mortgage rates are starting to increase amid suggestions by the Bank of England governor that the base rate may start to rise at the turn of the year. Analysis by [...]

House prices tick up in July, while homebuyers save £275m on stamp duty

4 August 2015

House prices rose by 0.4% in July, taking the year-on-year increase up to 3.5%, the latest figures from Nationwide Building Society reveal. The average UK property price reached  £195,621 compared [...]

Majority of landlords expect rental arrears to hold steady over the coming year

3 August 2015

Three quarters of landlords are confident rental arrears will remain stable over the next 12 months, according to new research by Paragon Mortgages. The buy-to-let lender lender’s survey results for [...]

Typical cost of homes in ‘affordable’ housing schemes hits £190,000

27 July 2015

The average price paid for homes bought under the various affordable housing schemes in the UK is £189,7861, just 4% lower than the £197,535 average for house purchases, claims new [...]

Government names the banks and building societies who will offer Help to Buy ISAs

27 July 2015

Banks and building societies including Barclays, Lloyds Banking Group, Nationwide, NatWest, Santander and Virgin Money have all signed up to offer the new Help to Buy ISA from 1 December 2015, [...]

Mortgage approvals rise show property market isn’t cooling

24 July 2015

Mortgage approvals rose by more than expected last month, showing the UK property market has no intention of slowing down.   Figures from the British Bankers’ Association shows that mortgage [...]

Housing market gets a fresh shot in the arm as gross mortgage lending soars by 29% in June

16 July 2015

After a couple of slower months gross mortgage lending shot up by 29% in June to an estimated £20.5bn according to the Council of Mortgage Lenders (CML). In addition to [...]

House prices rise by nearly 6% to £274,000

14 July 2015

UK house prices rose by 5.7% in the year to May 2015 to an average of £274,000, official statistics reveal. The largest annual increase was in the East, where prices [...]

The number of mortgages for home buyers falls 16% year-on-year in May

14 July 2015

The number of mortgages for home purchases dropped by 15.8% in May compared to a year ago, although the figure was up marginally by 1.4% compared to April’s figure. There [...]

Buying a home? How to make sure your finances are mortgage-ready

10 July 2015

Mortgage lending volumes neared an eight year high in May but with buyers jostling for position in the overheated housing market, those who need to borrow to buy should make [...]

Room for improvement in mortgage advice, says City watchdog

10 July 2015

A mystery shopping exercise undertaken by the City watchdog has found there is still room for improvement in mortgage advice a year after stricter lending criteria came into force.   [...]

Chancellor slashes tax relief for buy-to-let landlords

8 July 2015

The Chancellor has dealt a blow to buy-to-let investors, announcing that tax relief on mortgage interest will be cut back from up to 45% to  20% over the next four [...]

Half of Brits say Inheritance Tax is the most unfair duty

6 July 2015

Nearly half of Brits believe that Inheritance tax is the most unfair tax, suggesting that the Government’s plan to introduce an extra relief for passing on a family home could [...]

‘Bigger and bigger’ mortgages putting UK households at risk, says Bank

3 July 2015

The Bank of England has warned that ‘bigger and bigger’ mortgages are stretching households whose incomes cannot keep up with the pace.   Bank deputy governor Jon Cunliffe warned that [...]

First-time buyer deposit increases to £30,000

3 July 2015

First-time buyers counted for nearly half of all mortgaged property purchases bought this year but had to put down an average of £29,894 as a deposit.   A total of [...]

Hype surrounding the property market rebound cools down

2 July 2015

The renewed optimism across the UK’s property market appears to be fading with fewer homeowners anticipating an increase in the value of their home over the coming year, claims new [...]

UK house prices fall back in June dragging annual growth rate down to 3.3%

2 July 2015

Nationwide reports house prices dipped 0.2% in June causing year-on-year gains to slow sharply to a 2-year low of 3.3% The monthly drop follows increases of 1% in April and [...]

Landlords upbeat about future tenant demand given stress on housing stock

29 June 2015

Given the need for properties across the private rented sector, nearly half, at 43% of UK landlords, believing demand is either growing or actually booming. The research by specialist buy-to-let [...]

A third of homeowners struggling to progress up the property ladder

29 June 2015

Some 34% of British homeowners aspiring to move up the property ladder in the next five years admit they would struggle to make that move claims new research from MoneySuperMarket. [...]

Bank of England figures show drop in mortgage approvals during May but underlying trend still looks robust

29 June 2015

The latest lending figures from the Bank of England show that mortgage approvals dipped in May but experts believe the housing market is still on the rebound. Statistics from the [...]

Average mortgage at highest point since the recession

26 June 2015

The average borrowers is taking out a bigger loan than at any point since the recession to get on to the property ladder. Although house price growth across and England [...]

Would an offset mortgage be right for you?

25 June 2015

Nick Morrey, mortgage and protection consultant at John Charcol discusses the merits of offset mortgages… Offset mortgages began in Australia in the 1990s and when they first came to the [...]

Mortgage approvals jump to 14-month high in May

25 June 2015

The UK property market appears to be heating up once again as new figures show mortgage approvals jumped to a 14-month high in May. The latest statistics from the British [...]

£11,635 buys 1 sqaure metre of floor space in a home in Kensington & Chelsea

23 June 2015

New research from Halifax shows that boroughs in London continue to dominate the country’s list of most expensive places for property on a per square metre basis. There are, however, [...]

£11,635 buys 1 square metre of a home in Kensington & Chelsea

23 June 2015

New research from Halifax shows that boroughs in London continue to dominate the country’s list of most expensive places for property on a per square metre basis. There are, however, [...]

Help-to-buy gives the ‘bank of mum and dad’ a cash break

22 June 2015

The Government’s Help to Buy scheme is now the route of choice for first-time buyers looking t o jump onto the housing ladder, according to research from Ocean Finance. The [...]

Mortgage lending enjoys only modest gains in May but significant upturn potentially on the way

18 June 2015

Gross mortgage lending in May remained relatively static in comparison to the previous month’s total according to the Council of Mortgage Lenders but the organisation is anticipating “an upturn in lending [...]

Half of young borrowers will need a mortgage lasting into retirement

16 June 2015

More than half of borrowers expect they will be saddled with mortgage debts into their retirement, a new survey reveals. The Building Societies Association found that 52% of 25-34 year [...]

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