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August 5, 2015 - Latest:

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 [...]

The majority of tenants are actually happy with their landlord claims research from buy-to-let lender

15 June 2015

More than three quarters, at 81%, of tenants living in the Private Rented Sector (PRS) are satisfied with their current landlord according to research from specialist buy-to-let lender, Paragon Mortgages. [...]

General election result drives prices of property hitting the market to all-time high

15 June 2015

The surprise result of May’s general election has helped to drive property asking prices to a new high of £294,351 according to figures from Rightmove. The property website’s latest House [...]

Nearly 66% of UK tenants are suffering higher costs as landlords continue to jack-up rents

11 June 2015

Nearly two-thirds of tenants have endured a rent-hike seen on their current property at the end of each tenancy agreement, with many now forced to pay extra fees to letting [...]

Parents underestimating how hard it is for children to buy their first home

8 June 2015

The parents of ‘Generation Rent’ are underestimating just how hard it is for their children to take their first step on the property ladder. The Generation Rent report by Halifax [...]

Help to Buy new build completions decline for five months in a row

5 June 2015

The government’s Help to Buy scheme for new build properties has seen completions decline over five consecutive months.   The Help to Buy scheme was introduced in two parts; the [...]

Second steppers now climbing the ladder thanks to house price rises

5 June 2015

House price rises mean most ‘second steppers’ are no longer trapped in negative equity but challenges to buying a second home still remain.   Lloyds fifth annual Second Stepper report [...]

Millions set to be pushed into the red if interest rates rise by even 1%

4 June 2015

Almost seven million people will struggle to cover their mortgage repayments if interest rates rise just 1% claims new research from mortgage and loans provider Ocean Finance. The analysis found [...]

Buying a home? It is all still about “location, location, location”

4 June 2015

The old adage of ‘location, location, location’ very much still rings true for Britons looking to buy a new home according to research released by Clydesdale and Yorkshire Banks today. [...]

Annual house prices growth rises to 8.6% in May as the number of properties on the market collapses

4 June 2015

The annual rate of house price growth edged up to 8.6% in May as the number of properties for sale fell to its lowest level for some time according to [...]

Almost half of prospective buyers knocked back since new mortgage rules took effect

3 June 2015

Almost half  of those who planned to buy a property since the introduction of new mortgage affordability rules last year have failed to do so. The findings by Experian, the [...]

House price growth slowed in May as election uncertainty stifled sales

3 June 2015

Annual house price growth slowed to 4.6% in May from 5.2% a month earlier, the latest figures from Nationwide Building Society reveal. Month-on-month growth was 0.3% in May, as the [...]

Mortgage approvals see biggest monthly leap since 2009

2 June 2015

Mortgage approvals have seen the largest monthly  jump since February 2009, Bank of England data shows. There were 68,076 approvals in April, marking a 14-month high, according to the Bank’s [...]

As many as 3,000 families a year forecast to lose Inheritance Tax break

1 June 2015

Up to 3,000 families a year could miss out on proposed inheritance tax (IHT) changes as a result of already selling the family home according to NFU Mutual. Analysis of [...]

First time buyers “have never had it so good” as mortgage rates for aspiring homeowners hit a three-year low

1 June 2015

For would-be homeowners the backdrop has never been better. Not only have the number of first time buyer products available soared but mortgage rates are at their lowest levels in [...]

Annual house price inflation moderates to 14-month low show Land Registry figures

1 June 2015

The Land Registry has reported that house prices in England and Wales rose 0.9% month-on-month in April, causing annual house price inflation to moderate to a 14-month low. This latest [...]

Sentiment towards the UK’s housing market knocked

1 June 2015

Confidence in the property market has taken a hit despite the fact that interest rates were held again and average house prices continued to increase, claims new analysis. The Halifax [...]

TSB offers ‘breathing space mortgages’ with lower rate for first year

29 May 2015

TSB has launched a new range of mortgages that start with a lower interest rate to give new homeowners ‘breathing space’.   In the fierce battle between lenders that has [...]

UK landlords enjoy £112bn return in the last year as the private rented sector soars

28 May 2015

UK landlords have enjoyed total annual returns of £111.5bn in the last year, as the private rented sector (PRS) continued to grow apace, according to the latest edition of Kent [...]

Mortgage approvals rise for the fourth consecutive month to hit 10-month high

28 May 2015

The latest statistics from the British Bankers’ Association (BBA) suggest that housing market activity is once again on the up after slowing down in the latter months of 2014. The [...]

Right to Buy extended to 1.3m housing association tenants, but Shelter warns of trouble ahead

27 May 2015

The Government is extending the Right to Buy scheme to give 1.3 million housing association tenants the chance to buy their homes. The changes come as part of a new [...]

Cheapest ever mortgage launched as loan rates edge toward sub-1%

22 May 2015

Yorkshire Building Society has edged closer to sub-1% mortgage rates with its launch of a new two-year fixed year deal.   The mutual has unveiled the UK’s lowest-ever fixed rate [...]

Mortgage lending dips but house price growth is expected to accelerate

21 May 2015

New figures show gross mortgage lending eased in April but the underlying market trend is beginning to look more robust, with house prices now expected to rise by more than [...]

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