A typical UK home costs more than £250,000 for the first time after prices rose by 9.9% in the last year, according to the Nationwide. The building society said the average house price was £250,311 in October, up 0.7% on…
Homeowners are being warned to prepare for ‘soaring’ mortgage costs as economists predict rates will rise by as much as 13% in 2023. Anyone due to remortgage is being urged to take advantage of current low rates as soon as…
Lenders are gaining confidence in lending to self-employed borrowers. Greg Cunnington of Alexander Hall highlights the best mortgage deals on offer for the self-employed and explains how to take advantage of them There have been further improvements in the number…
House prices have risen at the fastest pace since the housing boom of 2007 to new record highs as the ‘race for space’ continues, despite the end of the stamp duty holiday. The average UK house price jumped by around…
Homeowners who are coming to the end of a mortgage deal are being urged to protect their finances by locking into a new fixed-rate loan. A tsunami of higher energy and food bills, plus inflation heading towards four per cent,…
The average UK house price is now £235,000 with the summer market moving at its fastest pace for five years, a new report shows. The latest House Price Index released by property website Zoopla shows that the housing market is continuing…
The furlough scheme may be ending tomorrow but concerns over redundancy are proving less of a hindrance to budding home buyers than before. This is according to a newly-published survey which discovered just a third (34%) thought the risk of…
Fixed-rate mortgages are, as the name suggests, deals in which the interest rate remains the same for the term of the deal. Borrowers can choose deals in which they fix their rate for two, five-years or even 10 years. According…
Not only have the number of mortgages for landlords increased beyond the level experienced in March 2020, before the pandemic effects began to hit the market, but the 2,968 now on offer is the highest since October 2007 – before…
Nearly 400,000 properties have been down-valued in the past year, as mortgage lenders poured cold water on sellers’ high price expectations. An estimated 390,285 homes have been down-valued, according to research by estate agent Benham and Reeves – putting potential…