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May 28, 2015 - Latest:

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 [...]

Rogue landlords rake in £5.6bn a year from unsafe properties which fail to meet legal standards

21 May 2015

Greedy landlords are raking in £5.6bn a year from unsafe homes that fail to meet legal standards, claims a damning new report from Citizens Advice. The study, which is part [...]

Five-year fixed rate mortgages now cheaper than two-year deals were a year ago as price cuts continue

20 May 2015

Mortgage rates have fallen so much that borrowers are able to secure a five-year fixed rate now for the same price as a two-year fixed rate a year ago. Locking [...]

Call for investigation into “anti-competitive” estate agents’ contracts

20 May 2015

The estate agency sector has been reported to the regulator for its use of long exclusivity periods that prevent sellers from instructing other agents. The online estate agency eMoov.co.uk issued [...]

House prices rise by nearly 10% across UK and almost 15% in Scotland

19 May 2015

UK house prices increased by 9.6% in the year to March 2015, up from 7.4% in the year to February 2015. The average UK property price reached £273,000,up from £268,000 [...]

Yorkshire Building Society launches fee-free cashback mortgage range

18 May 2015

Yorkshire Building Society has unveiled 10 new fee-free £1,000 cashback mortgages, with rates starting from 2.19% for a three-year fix. The five-year fixed rate mortgages start at 2.54%, and both [...]

“Brakes removed” from property market as pre-election jitters disappear warns Rightmove

18 May 2015

The fact the Conservatives sealed a majority win in the general election could take the brakes off the housing market, property website Rightmove has warned. It highlighted that this month [...]

First time buyers waiting way longer than originally expected to get onto the property ladder

18 May 2015

While getting onto the property ladder is widely accepted to be an arduous task, it seems first time buyers are now waiting even longer than they originally planned to make [...]

Regions with low unemployment see house prices rise by almost £65,000 since the crisis

18 May 2015

Homeowners in local authorities with the lowest levels of unemployment have witnessed the value of their property jump by almost £65,000 since the trough of the last housing market cycle [...]

Regional rents now rising as fast as in London

15 May 2015

Rents are rising in 11 out of 12 regions in the UK as regional prices catch up to London.   According to figures from tenant reference service HomelLet, the average [...]

Homeowners cashing in on house price rises by taking equity from homes

15 May 2015

Homeowners are hoping to cash in £9,000 of equity on their homes when they remortgage.   Research by broker Mortgage Advice Bureau shows owners are keen to tap into the [...]

General election uncertainty drives new instructions down as house prices jump in April

14 May 2015

House prices rose once again in April as a result of the third consecutive monthly decline in supply, with new instructions falling at their fastest rate since May 2009, according [...]

Arrears and repossessions continue to fall claims trade body

14 May 2015

The number of mortgages in arrears or ending in repossession has fallen markedly during the first three months of the year according to the latest figures from the Council of [...]

One in six borrowers look to remortgage as price war rages

13 May 2015

Nearly one in six  homeowners are considering remortgaging over the next six months as the ongoing  price war continues to deliver rock bottom rates. The study, by Nottingham Building Society [...]

Number of borrowers in negative equity falls by 85% in four years

12 May 2015

The number of homes in negative equity has  shrunk by 85.4% between 2011 and 2015. There are now just over 120,500 properties which are valued at a lesser amount than [...]

2015 witnesses big rise in landlords looking to buy semi-detached properties

11 May 2015

There are been a marked uptick in the number of landlords on the look-out for semi-detached properties according to research from Paragon Mortgages. The specialist lender’s analysis found that the [...]

House price boom expected after Tories win election

8 May 2015

A house price boom is expected in the capital as estate agents and investors breathe a sigh of relief that a mansion tax is not on the horizon.   Following [...]

Mortgages are the hardest financial product to switch since tougher checks have come into force

5 May 2015

New research has highlighted a dramatic reduction in number of consumers saying it was easy to switch their mortgage since new rules came into force under the Mortgage Market Review [...]

A third of streets have an empty property on them

5 May 2015

A third of British streets are blighted by empty homes with Liverpool, Glasgow and Sheffield the cities worst affected. According to research from Nationwide Building Society, almost a third of [...]

Lloyds Bank cuts mortgage rates

5 May 2015

Lloyds Bank has cut rates on its two year fixed rate mortgages for first time buyers, homemovers and those looking to remortgage. It says that some of these rates are [...]

Co-op Bank launches best two-year mortgage on the market

1 May 2015

In a further race to the bottom for mortgage rates, The Co-operative Bank has launched the UK’s lowest two-year fixed rate deal.   The new deal is fixed at 1.09% [...]

Annual house price growth in England and Wales drops to 13-month low claims the Land Registry

30 April 2015

Property prices in England and Wales fell 0.8% month-on-month in March taking the annual house price inflation rate down to 5.3%, the lowest rate since February 2014, according to the [...]

Over-50s missing out on the best mortgage deals

29 April 2015

Thousands of people over 50 are missing out on the best mortgage rates because of their age, a new poll reveals. The study by Saga found that 12% of people [...]

Only 43 London homes are ‘affordable’, including houseboats

29 April 2015

Only 43 London properties are “affordable”, which includes houseboats costing up to £165,000, a new study reveals. In England, more than 80% of properties on the market aren’t affordable for [...]

House prices climb by 5.2% in April

29 April 2015

House prices rose by 5.2% in April from a year earlier, but the pace of growth was slightly slower than last month’s figure of 5.1%. The average house price was [...]

The average salary of home buyers reaches lowest level in more than two years

28 April 2015

The average primary salary of a home buyer fell to its lowest point in over two years in March, new figures reveal. The findings, by Mortgage Advice Bureau,  suggest that improved [...]

Fixed rate mortgages remain the most popular option but trackers are catching up

27 April 2015

Brokers are writing more mortgage business with longer-term initial rates new research has revealed. The results from the specialist lender, Paragon Mortgages’s quarterly intermediary tracking survey for the first three [...]

Labour’s proposed rent controls slammed by Liberal Democrats and Conservatives

27 April 2015

Labour’s rent control announcements, including plans to cap rents so they cannot rise beyond the rate of inflation in certain tenancies, have been slammed by the Liberal Democrats. The party [...]

Labour proposes stamp duty break for first-time buyers

27 April 2015

Ed Miliband is to propose today that under a Labour government first-time buyers would not have to pay stamp duty when purchasing a home for less than £300,000 according to [...]

Strict mortgage checks encouraging borrowers to ‘play’ the system

24 April 2015

Homebuyers are using more cash and reining in their spending to give themselves a better chance of securing a mortgage, but be wary of trying to ‘play’ the system.   [...]

The dream home for many Britons? A four-bed detached property in the South West

23 April 2015

For Britons, the “dream home” is a four bedroom detached property by the sea in South West England, a survey from AA Home Membership has found. The analysis also showed [...]

Mortgage lending rises 21% month-on-month during March to hit £16.5bn

23 April 2015

Gross mortgage lending up jumped a robust 21% month-on-month during March suggesting that the UK housing market is once again starting to gain traction. The new statistics from the Council [...]

Forget period features and en-suite bathrooms. Homebuyers want fast broadband, a clear mobile signal and TV space

20 April 2015

Warmth and security top the list of essentials house-hunters are looking for in a property these days, according to a new survey from Gocompare.com. In contrast good schools, en-suite bathrooms [...]

Asking prices for homes soar to new high of more than £286,000 during April

20 April 2015

Rising demand for property coupled with a dearth of supply has pushed the typical asking price to a new high according to Rightmove. The UK’s largest property website claimed that [...]

The dash to secure a home leaves many a tenant nursing a load of regrets

16 April 2015

The ever-rising demand for rental properties is causing many to rush into tenancy agreements which they end up living to regret new research has revealed. The study from mortgage and [...]

Housing and mortgage markets cool in February

14 April 2015

House price rise slowed across the majority of the UK and mortgage lending fell in February, official figures reveal. UK house prices increased by 7.2% in the year to February [...]

Tories promise extension to Right to Buy

14 April 2015

The Conservatives have pledged to extend the Right to Buy scheme as they launch their general election manifesto today. The party says it will extend the Right to Buy to [...]

£1,000 invested in Buy to let in 1996 worth average £14,897 in 2014 far outstripping equities and bonds says new research

11 April 2015

Buy to let has been the outstanding investment of the past 18 years, providing average returns that easily outstrip those of other major asset classes new research suggests. A report [...]

Property ‘hoarding’ babyboomers stop homes changing hands

10 April 2015

UK property is changing hands less frequently than it did thirty years ago as babyboomers hoard houses and first-time buyers jump onto the ladder later in life.   Analysis by [...]

UK house prices rise 0.4% in March but annual rate of growth eases

9 April 2015

House prices edged ahead by 0.4% on a monthly basis in March but the annual rate of growth slowed according to new figures from Halifax. The lender said that over [...]

Sellers are over-pricing property by an average of £74,000

8 April 2015

Thousands of home sellers are pricing their properties unrealistically as a new survey suggests that the gap between the average asking price and the average sold price is £74,000. The [...]

Have estate agents hijacked your high street?

7 April 2015

The City of Westminster has 179 estate agents, and seven other London boroughs are home to more than 100 estate agents each, a new survey reveals. A report by HouseSimple.co.uk, [...]

Number of first-time buyers reaches highest level for seven years, but pessimism reigns

7 April 2015

In 2014 the number of first-time buyers rose to its highest level for seven years at 311,500. Despite this, the latest Generation Report from Halifax shows that many would-be buyers [...]

Help to Buy Isas will still leave many with a £14,000 shortfall

31 March 2015

The average aspiring first-time buyer will still be nearly £14,000 short of a deposit, despite the Chancellor’s launch of the Help to Buy Isa in the Budget earlier this month. [...]

Mortgages approvals climb for the third successive month to reach a six-month high in February claims Bank of England

30 March 2015

Mortgage approvals ticked-up modestly for third month running in February to hit a six-month high according to new figures from the Bank of England. The data adds to growing evidence [...]

Remortgaging to become harder under new European affordability rules

27 March 2015

Borrowers wanting to switch lenders to remortgage will have to undergo strict affordability assessments, even if they do not wish to borrow more, under new European rules.   The Financial [...]

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