HOUSING NEWS

More than half of UK house moves fall through after an offer has been accepted, costing the UK £2bn every year in wasted time and fees. Failed house moves could cost the economy £1.97bn per year because around 1.2m residential transactions occur each year and the average fall-through costs buyers and sellers £2,830 in legal […]

House prices remain almost at a standstill, according to latest figures from Halifax. The average property price is now £299,313, compared to £297,781 this time last year, a 0.4 per cent annual increase. It means the typical home is worth little more than four years ago. In summer 2022, the average property value remained just […]

A government loan scheme for first-time home buyers in England mostly helped higher earners in areas where homes are cheaper, a major think tank has said.

The UK’s housing market is likely to soften as households face rising mortgage and energy costs due to the impact of the Iran war, Nationwide has said.

The average age of a first-time buyer in England has climbed to 34, with new research showing the growing difficulty of getting on the housing ladder.

UK lenders have begun raising mortgage interest rates as the ongoing conflict in the Middle East has raised fears that inflation will rise and curb further Bank of England rate cuts.

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 […]

Average house prices have risen above £300,000 for the first time, according to Halifax…

The government has set out more details of its planned shake-up of the leasehold system in England and Wales.

Competition among lenders suggests that mortgage rates could be cut in the coming weeks, according to brokers and analysts.