Experts are predicting a ‘bottoming out’ of the mortgage market after interest rates hit record lows this week. Average mortgage rates for borrowers with deposits of at least 40 per cent dropped to the lowest on record in May, according…
UK house prices soared 10.9% in the year to May, the highest level in seven years, according to the Nationwide. The average house price has risen to £242,832, up £23,930 over the past twelve months. Buyers are in a “race…
House prices have grown at their highest annual rate since 2007, driven by the surge in buyers taking advantage of the stamp duty holiday. House hunters seek space and access to nature UK prices soared by 10.2% annually in…
Mortgages for buyers with a 5% deposit are back on the shelves. But, as Miles Robinson explains, there are a few things to watch out for to ensure you make the best and most informed choice Buying your first home…
The number of properties sold in the UK leapt nearly 180 per cent year-on-year in April, according to official statistics, as the lockdown housing boom continued. Nearly 180,000 homes were bought and sold on a seasonally-adjusted basis, according to HMRC’s…
Homeowners and buyers’ obsession with the lowest possible mortgage interest rates is leaving them susceptible to thousands of pounds in unexpected costs. Most borrowers are focusing on enticing rates and overlooking fees and early repayment charges when selecting a mortgage,…
Britain’s biggest building society, Nationwide, is relaunching into the 5% deposit mortgage market, in a boost to first-time buyers and other borrowers with small deposits. Mortgage deals for borrowers with 5% deposits largely vanished from the market last year, as…
The number of homes being put on the market is failing to meet demand from buyers, resulting in rising property prices, a report has found. The frequency of “for sale” signs slowed in April, according to the Royal Institution of…
This is according to Moneyfacts.co.uk, which has revealed how a barrage of new mortgage options for borrowers with 5% deposits has given people a much greater range of choice over the last month. In fact, there were now 112 mortgages…
A major bank handed out more mortgages in March than in any other month in its 40-year history of offering home loans, it revealed today. In a sign of the recent boom in housing market activity, HSBC UK said March…