Having hit an all-time high in December 2020, UK house prices once again stand on the brink of uncertainty. Will they fall, rise, stay the same – or something else? Nick Green looks at the complex web of pressures on the property market.
First-time buyers can once again get on the property ladder with a deposit as low as 10%. However, the interest rates they now face may exceed 5%. Are there still affordable first mortgages out there? Article by Nick Green.
A couple with a new baby lost their life savings of £33,000 when the buyer of their home lost their mortgage offer after exchange of contracts, collapsing their chain. And a study suggests that thousands more may have faced a similar nightmare. Article by Nick Green.
Property auctions in the UK have soared in popularity, as one of the unforeseen side effects of the pandemic. Online auctions and the stamp duty holiday are driving more buyers and sellers down this faster route. So is it for you? Article by Nick Green.
Prime Minister Boris Johnson has promised that first-time buyers will only need 5% deposits under a new government scheme – but so far has provided few details. We look at how this might work, and how prospective buyers could take advantage. Article by Nick Green.
A growing number of homeowners are turning to remortgaging to release funds to improve their homes and raise their value. Meanwhile some lenders are seeing remortgagers as a safer prospect than new buyers, resulting in better deals becoming available. Article by Nick Green.
Stark warnings have been issued from lenders and mortgage experts that the property market could soon get much tougher and loans more expensive. But there are still ways for the more shrewd homebuyer to fulfil their ambitions.
The predicted house price crash has been averted – at least for now – by the stamp duty holiday. But many commentators predict the UK’s housing market will change significantly from here on.
The Chancellor has granted a stamp duty land tax holiday to homebuyers in England and Northern Ireland with immediate effect. It means that buyers of homes valued at up to £500,000 will no longer pay any stamp duty on the purchase.
With the reopening of the housing market in the UK, all eyes are watching to see how it responds. If you’re hoping to buy, sell, remortgage or just get on the property ladder, here’s why the coming six months could be crucial.
The government has reopened the housing market in England, so long as all parties maintain social distancing. Here’s what you need to know if your buying, selling or remortgaging your home.
Home-buying has virtually ground to a halt due to the lockdown – but efforts are already underway to get the market moving again. Remote valuation and viewings, and the return of low-deposit mortgages, are among the encouraging signs.
The COVID-19 lockdown has put the UK’s housing market on hold. Find out what impact this could have on you, whether you’re hoping to buy, sell, move home or just remortgage – and how long it might last.