HOUSING NEWS

First-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch.

From mortgages to budgeting, to hidden fees, buying your first property can be a scary and stressful process.

Mortgage rates are expected to come down over the next year, which could make owning a home a possibility for millions more people.

House prices fell in April as buyers faced paying thousands of pounds more in stamp duty, according to new figures from Nationwide.

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 […]

UK house prices have risen by 5.4 per cent compared to last year.

The average home fell in value by £1,575 last month as buyers factored in higher stamp duty costs, the latest figures from Halifax show.

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 […]

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 […]

Strict rules on mortgage lending could be loosened to allow more people to borrow for a home, as regulators respond to a call to boost the economy.