Demand for city centre living is on the rise, with renters now looking to take advantage of discounted rents as the nation prepares to exit lockdown. With an end to restrictions in sight, rental enquiries have been surging in some city centres according to new analysis by Rightmove. The research looked at the uplift in … Read more
Metro Bank launches ‘near prime’ mortgages for borrowers with low credit scores, missed payments and even repossessions on their record New mortgages will have less strict credit checks than standard home loans Those who have missed mortgage or loan payments, declared bankruptcy and even had a home repossessed will be eligible under certain circumstances They … Read more
My four mortgages in 15 years have got cheaper every time: After years of rate cuts can we convince people to fix for life? asks SIMON LAMBERT By Simon Lambert for Thisismoney.co.uk Published: 10:00 GMT, 11 March 2021 | Updated: 10:00 GMT, 11 March 2021 Would you fix your mortgage until it ends or would … Read more
What do you find to be the hardest part about working from home? Perhaps it is the distractions created by your family, or the fact that you can’t stop helping yourself to the contents of your fridge when it is just a few yards away from you. Or maybe, without your usual commute, you find … Read more
Easy-access savings rates have fallen by seven tenths, but many mortgage borrowers have barely benefited since the Bank of England cut its base rate to an all-time low last year, data suggests. Savings rates have plummeted but some of Britain’s biggest lenders have failed to pass on the full 0.65 percentage point cut since last … Read more
A shortfall in the number of homes coming up for sale remains a major stumbling block for the housing market, economists at the Royal Institution of Chartered Surveyors have warned. While the Chancellor’s Budget measures, including the extension of the stamp duty holiday until the end of June, will give the sector a boost, stock … Read more
A mortgage being touted as Britain’s ‘longest-ever’ fixed rate home loan will be launched next week. The new product, Habito One, will allow home buyers to stay on the same mortgage rate for up to 40 years. This is common in countries such as the US and Netherlands, but the longest mortgage term buyers could … Read more
Landlords face hefty fines of up to £30,000 if they have not had electrical safety inspections carried out on their properties by 1 April this year. All new tenancies have required a valid Electrical Installation Condition Report since July 2020, but from the start of April this will apply to all existing tenancies, too. If … Read more
House prices could see five-figure increases this year says an influential forecast that has revised upwards thanks to the stamp duty holiday extension and vaccine roll-out. Instead of remaining stagnant in 2021 as previously predicted, the average property price is now set to increase by £10,000 according to Savills. The FTSE 250-listed estate agent revised … Read more
House prices expected to hit record highs this year after Chancellor’s extension of current stamp duty holiday By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 6 March 2021 | Updated: 21:50 GMT, 6 March 2021 Benefit: First-time buyer Jessica Sena saved £5,000 from the holiday House prices are expected to hit record … Read more