Deposit-free mortgages are about to return to the housing market – but experts have warned they pose a risk of negative equity and threaten to destabilise the banking system. Skipton Building Society plans to launch a new loan that would allow borrowers to bypass standard deposit requirements by using their rental payment history. Borrowers typically […]
Mynest
UK housing model is broken and more homes needed, says Michael Gove…
The UK’s housing model is broken and more homes are “desperately” needed, Michael Gove has said.
House prices fell at their sharpest rate for 14 years in March…
House prices fell at their sharpest rate for 14 years in March: Average property values dropped by 3.1% in the largest annual decline since July 2009
Mortgage lending hits lowest level since 2016 excluding pandemic…
Mortgage lending in February fell to its lowest level since 2016, excluding the pandemic, the Bank of England has said.
Mortgages: What happens if I miss a payment???
The average interest rate charged by mortgage lenders is now much higher than many homeowners have been used to.
OBR forecast says house prices will fall 10% from last year’s high… before picking up again in 2026…
House prices are set to fall 10 per cent from their most recent high before picking up again in 2026, according to the Office for Budget Responsibility (OBR). The forecast in the public body’s latest report, released alongside today’s Spring Budget represents a further 1 per cent drop compared to its last prediction in November. […]
House prices see biggest annual fall in over 10 years…
UK house prices fell by 1.1% in the year to February, as higher mortgage rates and living costs made homes less affordable.
Home asking prices see smallest February rise in 22 years…
The average asking price for a UK home rose by just £14 from January to February, according to property website Rightmove – the lowest increase for the month since its records began in 2001. The average asking price for a home is now £362,452, it said. Asking prices normally rise at the start of the […]
Purplebricks: Struggling online estate agent puts itself up for sale…
Online estate agent Purplebricks is up for sale after revealing it expects to lose between £15-£20m this year.
Cheapest five-year mortgage rate since September to hit the market…
The cheapest mortgage rate has dropped to its lowest since September, as price war intensifies between banks and building societies…