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March 6, 2015 - Latest:

Are first time buyers starting to rely less on the ‘Bank of Mum & Dad’?

5 March 2015

The amount of first time buyers relying on the so-called Bank of Mum and Dad to help bolster their deposit has dropped significantly according to new research. Clydesdale and Yorkshire [...]

House prices slip by 0.3% in February as activity continues to remain muted

5 March 2015

UK property prices dipped 0.3% month-on-month in February bringing annual rate of increase down to 8.3% according to Halifax as activity continues to be constrained. The statistics follow numbers released [...]

Buying a new build property? Five top tips to think about when buying a brand new home

5 March 2015

Thinking of taking the plunge and purchasing a new build home? Ensure you know what you may or may not be getting into. John Charcol executive mortgage & protection consultant [...]

Government to offer 100,000 first-time buyers new homes at a 20% discount

2 March 2015

The Government has launched a new scheme offering 100,000 first time buyers new homes at a 20% discount in what it has described as “part of a major push to [...]

House price rises drop to 17-month low as activity remains constrained

2 March 2015

February witnessed house prices edge down by 0.1% taking the annual gain to a 17-month low of just 5.7% according to numbers from Nationwide. The latest update from the lender [...]

Mindful Money’s Mortgage Calculators

26 February 2015

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 [...]

Home ownership drops to lowest level since the mid-1980s

25 February 2015

The number of home owners has dropped to its lowest level since the mid-1980s, government figures today revealed. The proportion of households living in a home of their own dropped [...]

Lending to home movers in London drops by 20%

25 February 2015

Lending to home movers in London dropped by 20% in value and 15% in volume in the fourth quarter of 2014 compared to the three previous months. There were 8,800 [...]

One in five parents to buy a property for student children

20 February 2015

Nearly one in five parents are hoping to buy a property for their student children to give them a nice place to live.   Research by insurer Direct Line shows [...]

Majority of tenants have paid for improvements on the property they rent

19 February 2015

Almost two thirds, at 63% of people renting a home in the UK have splashed out on improving where they live, despite the fact that they do not own it [...]

Mortgage lending falls steeply in January as seasonal slowdown holds back activity

19 February 2015

Mortgage lending dipped markedly in January but hopes are rising that the market slowdown is close to bottoming out. While the start of the year is traditionally a slow period [...]

London house prices are 36% higher than pre-crisis peak

17 February 2015

London house prices are 36.4% higher than the pre-economic downturn peak of January 2008, at £502,000 in December, official figures reveal. However, prices in the capital are below their more [...]

Buy-to-let lending jumped by 32% in 2014

17 February 2015

The value of loans to buy-to-let borrowers increased by 32% in 2014, compared to the previous year, figures from the Council of Mortgage Lenders reveal. Buy-to-let lending for 2014 totalled [...]

First-time buyers now much better-off getting on the housing ladder than renting

16 February 2015

Home buying costs are now significantly lower than average rental costs, providing first-time buyers with a potentially large financial saving provided they can get on the housing ladder. In fact [...]

Need a new mortgage? There’s never been a better time to borrow

13 February 2015

If you’re mortgage is coming to an end or you’re sitting on your lender’s standard variable rate, act now because there’s never been a better time to borrow.   Banks [...]

Property repossessions across the UK fall by 26% during 2014

12 February 2015

Property repossessions in the UK dropped substantially last year falling to the lowest level since 2006 according to new numbers from trade body the Council of Mortgage Lenders (CML). Last [...]

Mortgage rates reach record lows

10 February 2015

Mortgage rates have dropped to record lows for both home owners and buy-to-let borrowers, new figures reveal. Both buy-to-let and residential mortgage rates have been falling, according to research by [...]

Mortgage rate war sees homeowners save £1,700 in a month

6 February 2015

A race to the bottom for mortgage rates has seen the cost of the average home loan drop by £1,700 in the past month.   The mortgage rate war being [...]

Government moves to shield tenants from revenge evictions

5 February 2015

The government has announced measures to give tenants greater protection against rogue landlords. Liberal Democrat communities minister Stephen Williams is targeting landlords who shirk their legal responsibilities and use the [...]

Borrowers could save £3,000 a year by snapping up cheap mortgage deal

4 February 2015

Home owners can give themselves a £3,000-a-year cash boost by switching to a more competitive mortgage rate, new analysis has revealed Borrowers could effectively give themselves a ‘pay rise’ by [...]

Whitehall staff are offered loans to cover rental deposits

3 February 2015

Whitehall  staff are to be offered loans to help them to cover rental deposits. Housing Minister Brandon Lewis today announced government-wide support for a new scheme that will become available [...]

‘Scandal of older borrowers denied credit is worst since sub-prime crisis,’ broker claims

3 February 2015

 The widespread refusal of creditworthy borrowers because their mortgage term stretches into retirement is the “greatest underwriting fiasco since the sub-prime crisis,” a broker has claimed. Simon Tyler, of Tyler [...]

Bond Street is the most expensive tube stop for property buyers

3 February 2015

Bond Street is the most expensive tube location for home buyers with the average property near the station worth £3.2 million, a new study has found. Analysis by online estate [...]

Millions put their homes at risk through lack of sickness insurance

30 January 2015

Millions of homeowners are leaving themselves financially vulnerable by failing to have insurance in place to cover their mortgage payments in case they can’t work.   Research by insurer Royal [...]

Cost of home insurance falls 6%

28 January 2015

The cost of home insurance has fallen by 6% for buildings cover and 5% for contents over the last year, new figures reveal. The average annual premium paid for building [...]

Stamp duty changes prompt highest number of home buyers for any December in a decade

28 January 2015

Estate agents reported the highest number of registered home buyers per branch of any December for a decade last month. Stamp duty reforms announced at the start of December helped [...]

Buyers save an average of £1,300 since stamp duty changes

21 January 2015

Home buyers are saving an average of £1,300 since the reforms to stamp duty brought in on December 4, a study reveals. Buyers in the South East and London are [...]

Nationwide launches lowest ten-year fixed rate mortgage at 2.84%

20 January 2015

Nationwide Building Society is launching the lowest ten-year fixed rate mortgage on the market at 2.84% tomorrow. The deal, fixed until 2025, is available to borrowers with a 40% deposit [...]

2014 witnesses surge in Britons moving home as prices rise 8% claims research from Lloyds

19 January 2015

The number of homeowners moving property jumped by 8% in 2014 according to research from Lloyds. The lender’s latest Homemovers Review found that an estimated 365,400 people moved home last [...]

One in six suffer their financial woes in silence

15 January 2015

One in six people have kept secrets from their loved ones by hiding or lying about rent or mortgage troubles. Struggling individuals will go to great lengths to hide their [...]

Buy-to-let lending climbs while loans to home buyers and movers drop

14 January 2015

Lending to first-time buyers,  home movers and those remortgaging dropped in November, new figures reveal. First-time buyers saw a month-on-month lending decline, with 25,900 first-time buyer loans in November - down 11% on October, and 3% down [...]

House prices at a standstill in November

13 January 2015

UK house prices were at a standstill in November at an average of £271,000, unchanged from October, while in London they fell by £3,000 month-on-month to £501,000. Office of National [...]

How to sell your home this winter

7 January 2015

The winter months are a notoriously quiet time for the housing market as potential buyers are deterred from their property search by dark days and bad weather, however  a few [...]

Number of first-time buyers in 2014 reaches its highest level since 2007

6 January 2015

The number of first-time buyers jumped by more than 20% in 2014, marking the third consecutive annual increase according to the annual Halifax First Time Buyer Review. The lender’s report [...]

Housing market cools as year draws to an end

30 December 2014

House price growth cooled for the fourth consecutive month in December to the slowest rate in a year at 7.2%, down from 8.5% in November, figures from Nationwide Building Society [...]

Mortgage approvals for purchases drop to 18-month low

23 December 2014

Mortgage approvals for house purchases dropped for the fifth month in a row to an 18-month low of 36,717 in November the latest figures reveal. The British Bankers Association figures [...]

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 [...]

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 [...]

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