Mynest

Two major lenders relax mortgage rules – first-time buyers can now borrow £39,000 more…

Two more lenders have relaxed their mortgage rules, meaning homebuyers can now potentially borrow tens of thousands of pounds more. Both HSBC and First Direct have announced a change to the stress rates used in their mortgage affordability calculations. The changes will benefit those either buying or remortgaging. HSBC says the changes could enable 20,000 more […]

Housing market set to slow after biggest price rise for two years…

The housing market is set to slow after the biggest price rise for two years. The value of a typical home hit £269,000 in January, up 4.9 per cent on a year earlier, according to the Office for National Statistics. It was the fastest increase since January 2023 and came as lower interest rates and […]

North Yorkshire’s housing market has a ‘spring’ in its step…

There are currently 8% more homes for sale and 9% more sales agreed than there were 12 months ago on Rightmove. However, Yorkshire’s largest independent estate agent, Dacre, Son & Hartley’s own figures are significantly outperforming the national market. During January and February, the company has seen a 15% increase in homes for sale and […]