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Halifax pulls its two-year fixes as lenders continue to pull up the drawbridge

Goodbye to Britain’s favourite mortgage? Halifax axes two-year fixes for remortgage customers as lenders continue to pull up the drawbridge Halifax has pulled two-year fixed deals for remortgage customers Experts say the lender wants to retain low-risk customers for longer  Banks and building societies continue to limit who they will lend to   By Will Kirkman … Read more Halifax pulls its two-year fixes as lenders continue to pull up the drawbridge

Struggling to get mortgage? Try broker or small lender

Struggling to get a mortgage? Try a broker…or a small lender By Sarah Bridge, Financial Mail on Sunday Published: 21:51 BST, 19 September 2020 | Updated: 21:51 BST, 19 September 2020 It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown.  Lenders are … Read more Struggling to get mortgage? Try broker or small lender

Mortgage holidays are ending soon but banks will still offer support to the most vulnerable

Mortgage lenders will continue to offer mortgage payment holidays to some financially vulnerable customers after the government scheme ends, the City watchdog has confirmed. While the scheme officially ends at the end of next month, the Financial Conduct Authority said that banks and building societies can continue to offer payment holidays for borrowers who need … Read more Mortgage holidays are ending soon but banks will still offer support to the most vulnerable

The price is NOT right: Home sellers warned against overpricing

The price is NOT right: Home sellers warned against setting their sights too high as those who don’t have to reduce asking prices sell much quicker Just one third of sellers who listed a property but then had to reduce the asking price found a buyer between May and September, says Rightmove  Two thirds of … Read more The price is NOT right: Home sellers warned against overpricing

My abusive ex partner is threatening to sue me for half my flat

My abusive ex-partner is threatening to sue for half my flat, though it’s mine and he never paid rent – what can I do? By Tanya Jefferies for Thisismoney.co.uk Published: 07:45 BST, 18 September 2020 | Updated: 07:45 BST, 18 September 2020 My ex-partner is threatening to take me to court for half of my … Read more My abusive ex partner is threatening to sue me for half my flat

What’s the best way to get an offer on a house accepted?

Nearly half of homebuyers have attempted to haggle down the price of their property purchase since March. A survey by online estate agent Strike found that since lockdown began, some 45 per cent of sellers questioned had buyers ask for a reduction in sale prices, most commonly ranging from a 5 per cent to 10 … Read more What’s the best way to get an offer on a house accepted?

House sales frenzy: Properties selling for well over the asking prices

Britain’s house buyers have gone bonkers as prices soar to record highs. Estate agents told Money Mail ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant after lockdown ended. But with rising unemployment forecast, and … Read more House sales frenzy: Properties selling for well over the asking prices

Bank of Scotland facing court over shared appreciation mortgages

Bank of Scotland facing court battle with homeowners stung by debts linked to house prices after shared appreciation mortgage scandal negotiations fail Shared appreciation mortgages have left elderly homeowners owing Bank of Scotland and Barclays enormous debts due to house price inflation  Law firm Teacher Stern has been fighting for fairer charges for those affected … Read more Bank of Scotland facing court over shared appreciation mortgages

House prices to fall 14% next year, Cebr says

House prices will fall by almost 14 per cent next year when the stamp duty holiday comes to an end and job losses rise further, a think-tank has warned.  Economists at the the Centre for Economics and Business Research made the gloomy prediction that a slump will follow the current mini-boom, with pent-up demand that built … Read more House prices to fall 14% next year, Cebr says

Home sellers and buyers warned to act within weeks if they want to benefit from stamp duty holiday

Chief executive of NAEA Propertymark Mark Hayward, says that sellers should ‘make sure everything is in order to help maximise your chances of completing ahead of 31st March’. Show you are serious from the get-go Read up on and adhering strictly to all social distancing measures. Rearrange any cluttered furniture to prevent viewers from needing … Read more Home sellers and buyers warned to act within weeks if they want to benefit from stamp duty holiday