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The average property is taking nearly a month longer to sell once under offer, due to a conveyancing bottleneck that has developed since the property market shutdown in March and April. The multi-agent property seller Movewise looked at properties that had exchanged over the past 30 days, and found that the buyers’ offer had been … Read more
Over-55s become cautious about cashing in on their homes with equity release drawdowns dropping by more than a fifth last year By Helen Crane For Thisismoney.Co.Uk Published: 07:46 GMT, 29 January 2021 | Updated: 07:46 GMT, 29 January 2021 Older homeowners were more cautious about taking cash out from their properties in 2020, as drawdowns … Read more
Forget the eyes – nowadays, it is our internet searches that provide a window into the soul. We often turn to search engines to ask the questions that are on our minds, whether we’re just looking for a quick answer or because it’s something we are embarrassed to ask in person. Now, Britons’ most common … Read more
With the stamp duty holiday set to end on 31 March, some home buyers are pushing to complete their purchases in order to benefit from a tax saving of up to £15,000. The threshold for paying the tax was increased in July last year from £125,000 to £500,000 in England and Northern Ireland, in an … Read more
‘There is fierce competition for family-sized homes in our area’: Demand from keen home-seekers boosts house prices as few properties come to market Average house prices rose 4.3% to £223,700 in year to December, Zoopla said Prices expected to keep growing as demand rebounds but supply falls London is the only region to have seen … Read more
The difference in interest rates between two and five-year fixed mortgages is the smallest it has been since 2013, according to new figures. In 2020, the average annualised rate gap was just 0.27 per cent, according to data from comparison site Moneyfacts. Traditionally, two-year fixes have been popular with buyers because their rates were much … Read more
While estate agents are still open for business during lockdown, government instructions not to leave the house unless it is really necessary have meant that even more people than usual are conducting property searches online – at least initially. Browsing the estate agents’ window virtually has its advantages. You can do it from the comfort … Read more
The lockdown property market mini-boom that sent house prices climbing spelt bad news for first-time buyers last year. Against a backdrop of rising property prices and a mortgage crunch as banks and building societies reined in lending, the size of the average first-time buyer deposit by nearly £11,000 last year to more than £57,000 – … Read more
One in four homeowners is paying their lender’s highest mortgage rate – and some even think it helps them pay off their loan faster… Borrowers could save £4,080 per year by ditching their standard variable rate This is the ‘default’ rate when your initial term ends and it can be up to 6% Some thought … Read more
Many buyers look for a property with potential to develop. In fact, it has become increasingly tricky to find a do-er upper that hasn’t got the development potential priced in, especially in London and the South East. But it’s also still one of the best ways to increase equity and finance a move up the … Read more