Homeowners have had the luxury of cheap mortgages for more than a decade. But the era of rock-bottom rates looks to be officially over. Last year’s record low deals of less than 1 per cent are long gone and rates…
House prices have rocketed 20 per cent in the two years since the coronavirus pandemic began and the average home is up £29,000 over the past year alone, figures revealed today. Britain’s biggest building society Nationwide said the pandemic property…
Mortgage brokers have warned that some estate agents are pressuring buyers into using their in-house financial advice services – sometimes as a condition of submitting their offer. A group of independent brokers has said that certain agents, including some nationwide…
Since the start of the pandemic, millions of self-employed people have accessed government support schemes such as the Self-Employment Income Support Scheme grant and Bounce Back Loan. The money allowed them to keep afloat in the most difficult days of the…
House prices are continuing to rise but the pace of growth is slowing according to the latest report from Halifax. The mortgage lender revealed monthly prices increased by 0.3% in January which is the lowest rise since June 2021. Annually,…
Gaining as much knowledge as possible about your potential future home will help you plan and avoid any problems. It will also put you in a better position to negotiate. Michael Reading runs through the questions to ask before making…
The Bank of England’s decision to raise the base rate from 0.25% to 0.5% could put the brakes on a runaway housing market, which has seen prices boom over the past 18-months. This is the first back-to-back rate rise since…
Everyone in the UK will be affected by rising prices – from a higher gas bill, to harder choices during the grocery shop. The idea of raising interest rates is to keep those current and predicted price rises, measured by…
After years of dirt-cheap rates and huge loans up for grabs, this year’s cost-of-living crisis could see mortgage lenders finally tighten the purse strings. First-time buyers and families stretching their budgets for larger properties are likely to be hit as…
Property prices surged 10 per cent annually in November 2021, according to the latest official figures. This marked a small increase in price inflation compared to October, when prices grew by 9.8 per cent, the Office for National Statistics’ house…