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.
Two interest rate cuts in a single week have brought the base rate down to a record low of just 0.1 per cent. This could be good news for anyone on a tracker mortgage, first-time buyers and those looking to remortgage. Can you benefit?
The 2010s saw the slowest house-price growth since the 90s, according to the Decades Report by Nationwide. With interest rates still low, this means a first home is now more affordable than many believe.
The rental property market has faced many recent challenges besides COVID-19, so is it still possible to make a decent income from buy-to-let in the 2020s? We look at how the market has changed, the main pitfalls and the biggest areas of opportunity and growth.
High-risk borrowing is at its highest level since the 2008 financial crisis, according to the Bank of England. But as first-time buyers benefit from record low fixed rates, there is a danger that some are overreaching themselves.
Super-long fixed rate mortgage deals continue to make a comeback, as Virgin Money launches the first 15-year fix since 2008. The mortgage is available for buyers with surprisingly low deposits – but such long deals may not be right for every buyer.
The Help-to-Buy ISA closed to new applicants in 2019, while another popular home-buying resource – the Help-to-Buy equity loan scheme – is also ending in the near future. But this double whammy for first-time buyers isn’t as bad as it looks.