Breaking news
Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more
Many Britons could be at risk of paying over the odds on their house purchases, with 30 per cent of homeowners saying they did not negotiate at all on the price of their current property. A huge stumbling block for many was their lack of knowledge, with more than one in five confessing that they … Read more
A dash for detached homes and the hunt for more space in lockdown helped send the average house price in the UK up £20,000 in 2020, official figures revealed. House prices increased by 8.5 per cent in 2020, reaching a record high of £252,000, aided by lockdown buyers looking for bigger homes and the stamp … Read more
A dash for detached homes and the hunt for more space in lockdown helped send the average house price in the UK up £20,000 in 2020, official figures revealed House prices increased by 8.5 per cent in 2020, reaching a record high of £252,000, aided by lockdown buyers looking for bigger homes and the stamp … Read more
Property sales that are worth £1.5 billion are at risk of collapsing unless the Chancellor can be persuaded to extend the stamp duty holiday. The staggering sum represents two-thirds of buyers nationwide who are in a chain where someone is dependent on completion before the March 31 deadline, according to lender Paragon. Rightmove says about … Read more
Extending the stamp duty holiday by six weeks would save home buyers in England a further £1billion, according to new predictions. Pushing the cut-off date back from 31 March to mid-May would mean that between 120,000 and 160,000 additional property sales would be able to complete and save up to £15,000 on their stamp duty … Read more
Housebound UK homeowners are on a quest to perfect their homes, as Britons spent billions on renovations in 2020. Households spent an average of £2,608 on home improvements last year, up £391 or 15 per cent on 2019, according to a survey of 2,000 homeowners by the online tradesman directory Checkatrade. If every owner-occupied household … Read more
For anyone who has been to a property auction – or perhaps just tuned in to an episode of Homes Under the Hammer – they are usually associated with a bustling ballroom full of buyers intermittently throwing paddles up in the air, all orchestrated by a wildly gesticulating auctioneer. Like any group gathering, Covid has … Read more
An estimated three quarters of a million home buyers are set to benefit from the Government’s stamp duty holiday, saving themselves nearly £5billion in tax. Around 740,000 people who agreed sales between May and December 2020 have either already taken advantage of the saving, or will do before the deadline, according to property portal Zoopla. … Read more
Average asking prices have ‘surprisingly’ increased in the past four weeks, after three consecutive months of falls, fresh data from property website Rightmove reveals. According to Rightmove’s latest figures, average asking price swelled by £1,522, or 0.5 per cent, to £318,580 in the past month. The property site says one in five buyers who agreed … Read more