Taking out a mortgage comes with a language of its own, with numerous acronyms and jargon such as LTV, APR, equity and legals. It’s important to understand these terms as they will determine how much you can borrow, the interest rate you’ll pay, and how flexible your mortgage will be later on. This guide explains the […]
HOUSING NEWS
Average house price tops £300,000 for first time, says Halifax…
Average house prices have risen above £300,000 for the first time, according to Halifax…
What is ground rent and how are leasehold rules changing?
The government has set out more details of its planned shake-up of the leasehold system in England and Wales.
UK set for a ‘booming’ mortgage market, say analysts…
Competition among lenders suggests that mortgage rates could be cut in the coming weeks, according to brokers and analysts.
House prices drop unexpectedly in December…
UK house prices dropped unexpectedly by 0.4% in December, according to the latest figures from the lender Nationwide Building Society.
One in five first-time buyers over 40 in UK market…
New data has revealed a significant demographic shift in the UK property market. According to Santander’s latest figures, one in five (22%) first-time property purchasers in 2025 are aged over 40, representing an increase from 18% in 2024. Remarkably, the oldest first-time buyer supported by Santander in the current year was 70 years old, highlighting […]
Properties worth more than £2m in England face mansion tax…
Owners of tens of thousands of properties in England valued at more than £2m are set to be hit with a surcharge of at least £2,500 from 2028, in what has been dubbed a mansion tax. The annual charge will come on top of existing council tax, and will increase depending on the price of […]
Buyer demand drops significantly across the UK as uncertainty fuels ‘wait and see’ attitude…
British buyers are hitting the brakes on property searches as they wait to see what November’s Budget will bring, marking the first time in two years that annual sales have dropped.
Home buyers ‘snub’ old houses in favour of new builds due to ‘mould and leaks’…
Prospective homeowners are shying away from buying older properties, deterred by the potential of mould, upkeep costs and leaky roofs. A survey of 1,000 adults currently in the market to buy a home found that 44% are considering new builds, while only 30% are looking at older homes. When it comes to older properties, 41% […]
Average mortgage rates rise for the first time since February…
Fixed rate mortgage deals have got more expensive month on month for the first time since February in an ominous new trend for homeowners.
