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February 14, 2016 - Latest:

Fixed rate mortgage deals dropped to their lowest levels in 2015, new research shows

11 February 2016

Fixed rate mortgages dropped to their lowest ever levels in 2015, whilst the standard variable rate remained static, meaning the potential savings for borrowers improved significantly over the course of [...]

Mortgage arrears collapse to lowest rate for more than a decade in 2015

11 February 2016

Less than one in 1,000 mortgages ended in repossession in 2015, according to the latest update from the Council of Mortgage Lenders (CML). In addition, with fewer than one in 100 mortgages in [...]

Dramatic rise in buy-to-let investors set to drive home prices even higher

11 February 2016

UK house prices are set to rise at an even greater pace as a rush of buy-to-let investors flood the market, according to new research. The latest UK Residential Market [...]

Rent rises in commuter towns like Swindon and Luton outpace London

10 February 2016

Rents in commuter towns Swindon and Luton are rising four times faster than London, as those priced out of the capital are drawn towards the commuter belt, new figures reveal. The [...]

Mortgage rates may be low but fees have surged to a near two-year high

8 February 2016

Would-be mortgage borrowers are being hit with ever-rising costs as new research has found that the average home loan fee has jumped to hit a 21-month high. The analysis from [...]

Annual rate of house price growth rises to 9.7% in January says Halifax

4 February 2016

UK property prices jumped by 1.7% on a month-on-month basis during January driving the annual rate of growth up to 9.7%, according to the Halifax. January’s monthly rise follows an [...]

Landlords prepare to sell off 500,000 properties this year as buy-to-let tax changes bite

3 February 2016

Landlords are planning to sell-off 500,000 in the next year followed by a further 100,000 each year until 2021, in response to tax changes on buy-to-let properties, the National Landlords [...]

London property price tube map revealed

2 February 2016

Online estate agent eMoov.co.uk has produced a tube map revealing the average house price across each of the 280 stops on the London Underground network ( Editor’s note – click here [...]

Increasing number of landlords opening companies to bypass buy-to-let tax changes

2 February 2016

A growing number of landlords are taking out mortgages via limited companies, suggesting they are looking to bypass higher buy-to-let costs as a result of changes to stamp duty and [...]

Mortgage approvals in December climb to hit a four-month high

1 February 2016

Mortgage approvals for house purchases moved back up to a four-month high of 70,837 in December, according to new numbers from the Bank of England. This is the second highest [...]

Consumers more confident about house prices than economy

29 January 2016

Confidence in the economy may be cooling but Britons are still positive about the housing market.   The latest quarterly Halifax housing market confidence tracker shows despite steadily falling since [...]

Rules of attraction – the top 10 points to consider when viewing a property

28 January 2016

Around a third of house-hunters, at 31%, will visit between three and five properties before finding a home they are happy with. And, once they’ve found a place they like [...]

Annual pace of house price growth eases to 4.4% in January says Nationwide

28 January 2016

The annual rate of UK house price growth fell back to 4.4% in January according to Nationwide. The lender reported that property prices rose by 0.3% month-on-month after enjoying an [...]

Average home deposit reaches new high of £80,000

27 January 2016

The average house purchase deposit soared to over £80,000 in December, figures from Mortgage Advice Bureau reveal. This is the highest figure recorded by the broker’s National Mortgage Index since [...]

Supply of available homes halves in a decade

27 January 2016

The supply of available housing has almost halved in ten years, the latest report market report from the National Association of Estate Agents (NAEA) has shown. The average number of properties [...]

Mortgage rates continue to slide so grab a deal while you can

25 January 2016

At the end of 2015 rumours about a base rate rise in the near-future reached boiling point but it appears that providers ignored the pundits as research shows that fixed [...]

Gross mortgage lending climbs by 8% in 2015 to hit seven year high

21 January 2016

Gross mortgage lending in 2015 marked the best 12 months for home loans in seven years according to new figures from the Council of Mortgage Lenders (CML). The trade body [...]

Nearly five million co-habitees fear that relationship breakdown would leave them homeless

20 January 2016

Nearly one in three people living with a partner – the equivalent of 4.9 million people – fear that if their relationship broke down they would be left homeless. Relationship [...]

House price growth accelerates to 7.7% in November

19 January 2016

UK house price growth accelerated in the year to November rising to 7.7%, official figures show. In the year to October, prices increased by 7%, according to according to the [...]

New mortgage to help those stuck on the first rung of housing ladder with a deposit of only 5%

19 January 2016

Clydesdale and Yorkshire Banks have launched a new targeting homeowners who are having difficulties taking the next step up the property ladder. The Home Mover Mortgage allows borrowing between 90% [...]

London rents rise twice as fast as wages

15 January 2016

A shortage in properties has seen rents in London rise twice as fast as wages.   Monthly data from Landbay London Rental Index showed the average eLondon rental prices performed [...]

Mortgage lending jumps 18% year-on-year in November, latest numbers show

14 January 2016

The number of mortgage advances for house purchases hit £10.7bn in November marking a year-on-year rise of 18% but a 9% drop on October, new numbers from the Council of [...]

Mortgage Trust launches new range of home loans for 2016

11 January 2016

Mortgage Trust has refreshed its buy-to-let mortgage range offering new two, three and five-year fixed rate products, at up to 80% Loan to Value (LTV), as well as a selection [...]

Number of first time buyers soars by 60% since 2011

11 January 2016

The amount of people who got onto the housing ladder in 2015 is estimated to have reached 310,000, marking a 60% rise since 2011, according to new research. However the [...]

Annual house price inflation hits 9.5% in December but quarterly growth eases

7 January 2016

Annual house price inflation bounced back in December to hit a robust 9.5% according to Halifax but underlying figures hint at a cooling in the market. The lenders analysis showed [...]

10 ways the gov’t wants you to be richer in 2016

6 January 2016

When you look at your wage slip it may not feel like it but the government wants you to be richer in 2016.   The Treasury has set out 10 [...]

First time buyers need to act soon as the end of the Help to Buy Mortgage Guarantee Scheme edges closer

5 January 2016

Potential first time buyers need move quickly as December 2016 will see the mortgage market will wave goodbye to the Help to Buy Mortgage Guarantee Scheme. The government-backed scheme which [...]

Skipton Building Society refreshes residential mortgage range

4 January 2016

Skipton Building Society is launching a revised range of two and five year fixed rate residential mortgages with rates lowered by up to 0.45%. The lender is also adding a [...]

Lloyds extends £500 cashback offer to first-time buyers and homemovers

4 January 2016

Lloyds Bank has extended its existing £500 remortgage cashback offer to include its first-time buyer and home-mover range of loans. Until 28 February customers choosing a qualifying mortgage with the [...]

The facts about getting a mortgage after divorce

4 January 2016

Divorce related enquiries to legal firms surge on the first working Monday in January, known as ‘Divorce Day’. And with 42% of all marriages ending in divorce the financial after [...]

Gross mortgage lending hits highest rate since 2008 but approvals fall short of August’s peak

4 January 2016

The latest mortgage numbers from the Bank of England indicate that while the UK’s housing market remains pretty strong there has been a slight cooling in activity. It confirmed that [...]

Annual house price inflation hits seven-month high of 4.5% in December

30 December 2015

UK property prices made robust gains throughout December according to research from Nationwide. The lender’s analysis shows that house prices rose 0.8% month-on-month in December, marking the largest increase since [...]

Buy-to-let stamp duty changes prompt pessimism from letting agents

22 December 2015

Two in five letting agents are predicting supply will decrease over the next five years – the highest rate this year, according to the Association of Residential Letting Agents (ARLA) [...]

House prices forecast to rise by 6% next year

22 December 2015

UK house prices are set to rise by 6% over the course of next year, the Royal Institution of Chartered Surveyors has forecast. The body says that a shortfall in [...]

Gross mortgage lending jumps by 23% year-on-year in November

17 December 2015

Gross mortgage lending reached £19.9bn in November, rising 23% on an annual basis, according to the estimates from the Council of Mortgage Lenders (CML). The trade body’s numbers however show [...]

UK house prices set to soar 50% by 2025 to reach an average cost of £419,000

17 December 2015

UK house prices are set to jump by 50% by over the coming decade leaving it even more difficult for would-be buyers to get onto the property ladder, a new [...]

Families with children now account for 21% of private rented sector tenants

16 December 2015

Satisfaction levels remain high among tenants in the Private Rented Sector (PRS) according to a survey from Paragon Mortgages. Reflecting the shifting demographics of the sector, the study also revealed [...]

The Force vs UK property: House prices soar by 1,399% since 1977

16 December 2015

The Star Wars film franchise may have generated box office revenues to the tune of a massive $4.4bn since A New Hope hit cinemas in 1977 but this looks like [...]

House prices rise by 7% on an annual basis in October

15 December 2015

UK house prices rose by 7% on an annual basis in October, up from 6.1% on the previous month, according to the new figures from the Office for National Statistics. [...]

Average property asking prices could be £17,000 higher by the end of 2016, warns Rightmove

14 December 2015

Asking prices for the average home could be £17,000 higher by the end of 2016, property website Rightmove.co.uk has urged. The group asserted that despite any seasonal dip upward price [...]

Do you live in one of the UK’s most desirable postcodes?

11 December 2015

Kensington is home to the most expensive street in the country, where the average property will set you back £8 million.   Victoria Street, around the corner from Kensington Palace, [...]

Government unveils £50m fund to help flood victims

9 December 2015

The Chancellor has unveiled a £50m fund to help households and businesses who have been hit by the flooding from Storm Desmond in Cumbria and Lancashire. Each family would be [...]

More than 130,000 homes have been bought under Help to Buy

9 December 2015

More than 130,000 properties have been purchased with the aid of the Help to Buy scheme since it launched in April 2013, new figures reveal. The scheme includes an equity [...]

Controversial property landlords sell off buy-to-let portfolio for £250m

9 December 2015

Buy-to-let magnates Fergus and Judith Wilson have sold their property portfolio made up of hundreds of Kent homes to a foreign consortium for more than £250m. The Guardian reports that [...]

House prices dip 0.2% in November

8 December 2015

House prices dipped by 0.2% in the three months to November compared to October, but were up 9% over the year to £204,552. House prices in the latest three months [...]

Borrowers who fixed their mortgage rate two years ago could face payment shock of up to £3,500 per year

8 December 2015

Borrowers on cheap fixed-rate deals taken out when the cost of new mortgages plunged to rock bottom lows two years ago are being warned to check when their rates expire [...]

Shared ownership – dispelling the myths

7 December 2015

Shared ownership could help thousands more homebuyers to step on to the housing ladder but Leeds Building Society believes the sector is under-used and misunderstood. Louisa Sedgwick, head of intermediary [...]

Stamp duty overhaul brings in saving of more than £4,500 for the typical homebuyer

7 December 2015

The average homebuyer is more than £4,500 better-off as a result of the new stamp duty rules introduced on 4 December 2014, according to Halifax. Since the changes came into [...]

Landlords switching to limited companies to weather buy-to-let tax increases

3 December 2015

Radical changes to the tax treatment of landlords have already triggered a surge in landlords borrowing through companies, and further changes will follow the Autumn Statement says lender Kent Reliance. [...]

Half of new build homes are ‘too small for families’ says RIBA

2 December 2015

More than half of the new homes being built today are not big enough to meet the needs of the people who buy them, according to new research published today. [...]

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