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Mortgages & Property

Almost 50% of Britons who have not bought a home by their mid-thirties doubt they will ever be able to do so

24 March 2016

Mortgages & Property

Some 49% of Britons aged 35 to 40, who aspire to home ownership – equivalent to over 800,000 people – think that it is ‘unlikely’ or ‘very unlikely’ that they will ever own a property. The survey, from Yorkshire Building Society found that more than two-thirds, at 69%, of young adults aged 18 to 40 […]

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Nearly half of young Londoners considering quitting the capital to get on the property ladder

24 March 2016

Mortgages Mortgages & Property

Almost half of first-time buyers in London claim that sky-high house prices are preventing them from buying a property, according to research from Yorkshire Building Society. Some 43% said they would be willing to move to a more affordable part of the UK if it meant they were able to own their first property. A […]

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Mortgage approvals soar by 20% on an annual basis in February

24 March 2016

Mortgages & Property News

Mortgage approvals for home purchases jumped 20% year-on-year in February according to the latest statistics from the British Bankers Association (BBA). The BBA also reported that gross mortgage lending was as high as £13.2bn after hitting £13.6bn in January, which had been the highest level since mid-2008. The numbers from the organisation suggested that housing […]

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Letting agents claim stamp duty changes will push up rent for tenants

23 March 2016

Mortgages & Property

The new stamp duty reforms for buy-to-let (BTL) properties, coming into effect on April 1 will increase rent costs for tenants and trigger a decline in the supply of available properties, the Association of Residential Letting Agents has claimed. According to the association’s February Private Rental Sector (PRS) report, over half (52%) of letting agents reported […]

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You can now apply for a mortgage via videolink

22 March 2016

Mortgages & Property

Halifax and Lloyds Bank have launched a new video link service allowing their customers to speak to a mortgage adviser from their own home. The video service, which was piloted for Lloyds customers throughout 2015, provides an alternative to branch and telephone appointments. Customers using the videolink appointments will only be able to take out […]

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Annual rate of gross mortgage lending rockets by 30% in February

17 March 2016

Mortgages & Property

Gross mortgage lending soared to £17.6bn last month, marking the highest total for a February since 2008 when gross lending reached £24.1bn, according to the Council of Mortgage Lenders (CML). While the trade body’s estimate is however is 5% lower than January’s £18.5bn, it is 30% higher than February 2015’s tally of £13.6bn. CML economist […]

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The 20 things that will sell your home

15 March 2016

Mortgages & Property

  Central heating and double glazing have topped UK homebuyers’ list of the top 20 ‘must-have’ property features, new research reveals. For house-hunters, a reliable broadband and mobile signal is seen as more important than highly-rated schools, which failed to make the top 20, according to the study by GoCompare.com Mortgages. Meanwhile, potential buyers are […]

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Mortgage lenders increasingly turn to freebies to tempt borrowers

15 March 2016

Mortgages & Property

In recent years the mortgage market has become an arena for fierce competition, with providers vying to have the lowest deals on the market to attract new customers. But as rates have been slashed, providers have begun to look beyond the headline rate in order to catch the eye of new borrowers. As a result, […]

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Chancellor being urged not to make further changes to tax on landlords

14 March 2016

Mortgages & Property

Specialist mortgage lender Paragon is calling on the Chancellor to make no further changes to the taxation of landlords in Wednesday’s Budget and instead instigate a root and branch review of the UK’s housing requirements. The UK’s population is forecast to grow from 64.6m in 2014 to 74.3m in 2039 but with limited housebuilding, reduced […]

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Equity release sector responds to rising demand with greater choice

14 March 2016

Mortgages & Property Retirement Planning

The equity release market is responding to increasing demand from elderly homeowners looking to unlock cash from their homes with a wider range of products and options, according to new research by Moneyfacts.co.uk The analysis, which focused on the current offerings available in the equity release market, found that there are now 70 different lifetime […]

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