Home & mortgage

Buying a freehold home? Check the small print

Freehold means you hold your property outright for ever– but it’s often far from ‘free’. Inflated fees, rents and covenants can add hundreds to your annual bills, so ask your solicitor to check for hidden charges

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81% of first-time buyers get on property ladder using Help to Buy

Friday, 17 August 2018 | News

More than 420,000 people have bought a home using one of the government’s Help to Buy schemes including more than 365,400 first-time buyers, according to latest government statistics.

Boris Johnson calls for cut to 'absurdly high' stamp duty

Tuesday, 14 August 2018 | News

Boris Johnson has called for a cut in “absurdly high” stamp duty, which has resulted in more than half of 25 to 34-year-olds “shut out of the housing market” – but one leading estate agent says it is older homeowners who...

Buyers need to find £33,000 deposit for first home

Monday, 13 August 2018 | News

Buyers are having to put down record deposits, averaging at £33,127 nationally, on their first home, as property prices for first-time buyers hit almost £209,000.

Half of first-time buyers 'sick with stress'

Monday, 13 August 2018 | News

First-time buyers are putting significant strain on their health, relationships and careers in their quest to take their first step on the property ladder.

Tenants struggle with 'broken' deposit system, says Which?

Friday, 10 August 2018 | News

A broken deposit system is placing financial pressure on renters in England, with tenants sometimes having to wait weeks to get their deposit returned or having a battle to get unfair charges removed, a Which?

Rental roundup: rents set to rise by 15% by 2023, while more landlords switch to company set-up

Thursday, 09 August 2018 | News

A supply shortage could push up rents up by 15% over the next five years, according to the Royal Institution of Chartered Surveyors (RICS).

Should I buy the freehold to my flat or should I wait for new rules that may make it cheaper?

Tuesday, 07 August 2018 | Question and Answer

Naomi Rennard, head of membership at HomeOwners Alliance, says: Buying the freehold of an apartment means, in reality, purchasing the freehold of the whole building alongside some, if not all, of your fellow flat owners ...

Equity release is a 'ticking time bomb', claims think tank

Tuesday, 07 August 2018 | News

There is a ‘ticking time bomb’ in the equity release mortgage sector, with companies significantly undervaluing the ‘no negative equity guarantees’ they offer borrowers, a new report claims.

Insurance-backed deposit schemes 'will give tenants nothing back'

Monday, 06 August 2018 | News

A report suggesting that deposits for renting a home should be replaced by a more affordable insurance-backed scheme has been criticised by a tenants’ campaign group. 

Interest rate rise: borrowers facing higher mortgage bills urged to fix

Thursday, 02 August 2018 | News

Households that are still on standard variable rate mortgages (SVRs) are being urged by brokers to consider switching.