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
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
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
First-time buyers forced to scramble for mortgages as one bank launches a 90% deal this morning but says it will pull it at 5pm TODAY TSB announced yesterday it will offer a limited mortgage to buyers with a 10 per cent deposit – but only for one day Buyers looking for a house worth up … Read more
First-time buyers struggling to keep up with rising house prices may have been thrown a lifeline following an overhaul of the government’s shared ownership scheme. Under shared ownership, buyers can purchase a small stake in their home and pay a subsidised rent to their housing association on the remaining portion. It’s then possible to ‘staircase’ … Read more
A third of UK homes are now multi-generational, but rather than the traditional granny flat it is now mainly due to adult children living with their parents, new research has revealed. Equivalent to nine million homes in the UK, these households are classed as adults from different generations living together at the same address. Whilst … Read more
First-time buyers and families risk being priced out with house price growth at its strongest level since 2016, the Royal Institution of Chartered Surveyors said today. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
House price growth stood at the strongest level since 2016 last month, a new closely-watched survey from the Royal Institution of Chartered Surveyors today revealed. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, the … Read more
A growing number of experts in the property industry fear the ‘mini boom’ in house prices will not last into the latter stages of next year as unemployment and the recession eats into the sector. Lender Nationwide today published a slew of upbeat data in its latest house price index, suggesting property prices have reached … Read more