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November 28, 2015 - Latest:

Autumn Statement 2015 round-up: What it means for your investments & pensions

26 November 2015

Fund Calibre boss and Chelsea Financial Services managing director Darius McDermott, takes a look at what 2015’s Autumn Statement means for your pensions and investments… There was very little change [...]

Chancellor unveils stamp duty hike for landlords and boost for home buyers

25 November 2015

The Chancellor delivered a further blow to buy-to-let landlords by unveiling a 3% increase to stamp duty on second homes and rental properties in a bid to make it easier [...]

Housebuilders push FTSE higher on expectations of an Autumn Statement boost

25 November 2015

Housebuilding stocks have risen sharply this morning on the news that George Osborne is set to unveil a £7 billion new homes programme in the Autumn Statement later today. At [...]

Mortgage lending reaches its highest level since 2008

25 November 2015

Mortgage lending hit its highest total for seven years in October at £12.9bn, data from the British Bankers’ Association reveals. The figure for gross lending was 26% higher than a [...]

Mortgage loan fees and rates to be simplified under new initiative

23 November 2015

Trade body the Council of Mortgage Lenders (CML) and Which? have together launched a new standard format for how home loan providers communicate their fees, in a bid to make [...]

Gross mortgage lending soars to hit seven-year high in October at £21.8bn

19 November 2015

Gross mortgage lending jumped by 19% on an annual basis during October to hit £21.8bn, marking the highest monthly total in more than seven years. According to estimates from the [...]

Just how helpful is the Help to Buy Isa?

18 November 2015

As the Government prepares to launch the Help to Buy ISA scheme on December 1, David Smith, director of financial planning at Tilney Bestinvest, takes a look at just how [...]

Booming buy-to-let market sees mortgage providers slash loan rates to new lows

16 November 2015

The combination of rising rents and high demand continues to drive the popularity of buy-to-let (BTL) as an investment option with lenders cutting loan rates to new lows in a [...]

Housing market is ‘broken’ and interest rates won’t rise soon, says Bank economist

13 November 2015

Britain’s housing market is ‘broken’ and interest rates are not going to increase soon and robots will take 15 million jobs.   This is the grim assessment of the UK [...]

Lenders promise to review age limits on mortgages

12 November 2015

With the life expectancy of the UK population increasing by five hours a day, the building society sector has committed to review its maximum age limits for mortgage borrowers. The [...]

Evictions of private tenants have doubled over five years

12 November 2015

The number of private tenants evicted from their homes rose by 14% in the year to September and has doubled over the past five years. New figures from the Ministry [...]

Housing affordability ‘will only get worse’ as prices set to rise 25% over next five years

12 November 2015

The affordability of UK housing is set to get even worse over the next five years as house prices are forecast to rise by 25% over the period. The Royal [...]

Buy-to-let continues to boom in September

11 November 2015

Buy-to-let lending saw the biggest increase of all mortgage types in September,  with a 60% annual rise in landlords remortgaging. First-time buyer lending was up 2% month-on-month and 10% year-on-year [...]

London housing stock doubles in value over a decade

11 November 2015

The value of London housing stock has more than doubled since 2005 to £1.1 trillion, new research reveals. The study by Halifax shows the value of UK’s private housing stock [...]

London house prices to rise £70,000 in next five years

6 November 2015

Property is set to become even more unaffordable in the next five years, with prices rising as much as two-and-a-half times the average salary.   Savills estate agents has predicted [...]

Annual rate of house price growth accelerates to 9.7% in October

5 November 2015

Property prices enjoyed a decent 1.1% month-on-month rise in October, taking the annual rate of inflation up to 9.7% according to The Halifax. House price growth is on the up [...]

Borrowers urged to fix mortgage rate now while cheapest deals last

4 November 2015

Home owners are being urged to lock into cheap fixed rate mortgages as rates are at their lowest level in three years. Average fixed rates for two, three and five-year [...]

Rise in mortgage lenders offering freebies to tempt borrowers

3 November 2015

Mortgage lenders are increasingly offering freebies or cashback deals in order to attract new customers as rock bottom rates have left little room for manoeuvre, new figures show. One of the [...]

London housing market in serious “bubble-risk territory” warns UBS

2 November 2015

Swiss banking giant UBS has warned that London’s housing market is in serious bubble territory given that “price-to-income and price-to-rent ratios have reached all-time highs”. In its Global Real Estate [...]

69% of borrowers with interest-only mortgages do not have a repayment policy in place

2 November 2015

Almost three-quarters of homeowners with interest-only mortgages are concerned they may not be able to repay their loan, according to research from Ocean Finance. The survey found that a worrying [...]

Annual house price inflation climbs to 3.9% in October according to Nationwide

29 October 2015

UK property prices rose by 0.6% in October, driving annual gains up to a five-month high 3.9% according to Nationwide. The monthly gain was marginally above the 0.5% increase witnessed [...]

MP calls for crackdown on council use of bailiffs

28 October 2015

A Private Member’s Bill, introduced today, could make it harder for local authorities to refer council tax arrears cases to bailiffs  clamp down on bad practice. The Regulation of Enforcement [...]

House prices rise by more than £9,000 in a year

28 October 2015

The average property value in England and Wales rose by 5.3% or more than £9,000 to  £186,553 in the year to September, while the typical cost of a home in [...]

Beware: the lowest mortgage rate isn’t necessarily the cheapest deal

27 October 2015

Borrowers have been warned that opting for the lowest rate mortgage without considering the impact of fees could prove a costly mistake. Analysis by, the price comparison website, shows [...]

Equity release lending hits new record

27 October 2015

Equity release lending rose by 21% year-on-year to hit £452.6m in the third quarter, setting a new record. It was also the biggest quarterly rise for 11 years, figures from [...]

Mortgage approvals unexpectedly slide to hit a four-month low during September

26 October 2015

Mortgage approvals for house purchases unexpectedly dropped back for the first time in 2015 to hit four-month low in September. New figures from the British Bankers Association (BBA) show approvals [...]

Sales of homes worth at least £1m fall back sharply

26 October 2015

Sales of houses worth at least £1m has fallen sharply in the first half of 2015, according to research from Lloyds Bank. The lender’s analysis found that transactions are down [...]

Gross mortgage lending surges by 12% year-on-year in September

22 October 2015

Gross mortgage lending reached £20bn in September, marking a 2% rise on August’s total and a sharp 12% year-on-year increase, according to estimates from the Council of Mortgage Lenders. This [...]

Cost of renting one-bed flats pushed up by graduate job hunters

21 October 2015

Rent rises for one bedroom flats accelerated sharply in September, sparked by high demand from recent graduates wanting to live near their first job. Rents for one beds saw an [...]

Older borrowers warned that pension freedoms could scupper plans to extend mortgage beyond retirement

21 October 2015

Older borrowers have been warned that using the new pension freedoms to make alternative investments or draw down money over time rather than buying an annuity could scupper their chances [...]

An average earner in Brighton would need to save for 104 years to buy a local property

20 October 2015

Working people are being priced out of their home towns, as new research reveals that average wage earners would need to save for more than 100 years to afford a [...]

Second Steppers still need to raid the ‘Bank of Mum and Dad’ to fund their next house move

19 October 2015

It is not just first time buyers who are troubling the ‘Bank of Mum and Dad’ for a financial help these days. New research from Lloyds shows nearly a fifth [...]

Key homebuyer must-haves: Location for men, space for women

15 October 2015

Women looking to purchase a new home are most anxious about the space within a property, while men are typically governed by the location according to new research from Santander. [...]

London’s luxury homes: price growth forecast slashed in half

9 October 2015

The frantic pace of growth seen in the cost of the capital’s luxury homes may be starting to wane.   Upmarket estate agent Knight Frank has admitted rapid growth in [...]

House sales pick up to hit 16-month high but stock remains tight says RICs

8 October 2015

  Property sales across Britain have markedly increased reaching a 16-month high according to the Royal Institution of Chartered Surveyors (RICs) The group believes the pace is likely to continue [...]

Almost 10% of female home buyers claim they have endured mortgage discrimination

8 October 2015

Concerns are rising that mortgage lenders may be penalising women for starting a family. New research claims that nearly one in 10 young women, at 9%, who have applied for [...]

Cameron promises to turn Generation Rent into Generation Buy with new affordable homes

7 October 2015

The Prime Minister used his speech to the Conservative Party conference today to promise to turn “Generation Rent” into “Generation Buy” by requiring developers to build more affordable homes for [...]

House prices rise by 8.6% in September as supply remains weak

6 October 2015

House prices rose by 8.6% in the three months to September  to £202,859, compared to the same period last year, the latest figures from Halifax show. This was lower than [...]

Confidence in house price growth remains robust despite the threat of higher interest rates

5 October 2015

Despite a steep rise in the number of Britons anticipating an interest rate rise in the coming 12 months, confidence in the outlook for house price growth remains robust claims [...]

Mortgage approvals hit 19-month high

29 September 2015

Mortgage approvals for house purchases reached a 19-month high of 71,030 in August, Bank of England data shows. This was up from 69,010 in July, 67,201 in June and 65,250 [...]

Annual house price inflation in England and Wales eases back according to the Land Registry

28 September 2015

House prices in England and Wales rose 0.5% month-on-month in August after an increase of 1.7% in July according to the Land Registry. However it also found that annual house [...]

Good schools and bedrooms are compromises buyers won’t budge on

25 September 2015

Despite budget constraints, homebuyers won’t compromise when it comes to the number of bedrooms they want or the catchment areas of good schools.   A survey by consumer group Which? [...]

Buyers forced out of London by record high property prices

25 September 2015

Would-be homebuyers in London are reaching tipping point and could be forced out of the city en masse by unaffordable property.   A report by property analysts Hometrack said buyers [...]

Over half of borrowers will struggle to afford their mortgage when interest rate rises

25 September 2015

Over half of homeowners say they will struggle to pay their mortgage when interest rates rise.   Research by the Building Societies Association (BSA) shows 52% said they will struggle [...]

Gross mortgage borrowing rises at an annual rate of 12% to hit £12.2bn in August – the largest increase since 2008

24 September 2015

Housing market activity across the UK continues to flourish according to the latest statistics from the British Bankers’ Association (BBA). The figures from the trade body showed that gross mortgage [...]

Number of interest-only loans is cut by a quarter, but debt still looms for nearly 2m borrowers

22 September 2015

Over the past two years, the total number of interest-only loans outstanding has fallen by more than 25%, with a 16% reduction in the number of loans over the past [...]

Majority of would-be homebuyers unaware of the new mortgage affordability rules

21 September 2015

Some two-thirds of potential house buyers are in the dark about the new mortgage rules, which were introduced last year, according to research from Ocean Finance. In 2014, the City [...]

Homeowners looking to re-mortgage have never had it so good

21 September 2015

Homeowners looking to re-mortgage are not only enjoying the benefits of more products on the market but they are also profiting from significantly lower rates according to But those [...]

Renters far more financially vulnerable due to lack of savings and protection products shows new report

21 September 2015

Families who rent their homes are less likely to have a cushion of savings or protection products to protect them against financial shocks, according to Aviva’s latest Family Finances Report. [...]

East of England rents rising at fastest rate

18 September 2015

Those living in the East of England are seeing rents rise the fastest rate, according to Your Move.   The average rent in the East of England was £843 in [...]

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