mortgages

Crackdown on developers ‘exploiting’ leaseholds on new houses in England

Tuesday, 25 July 2017 | News

The government has set out plans to ban developers from selling new-build houses as leasehold in future developments, as well as limiting the amount existing homeowners have to pay in ground rent.

Shortage of properties for sale helps to keep prices rising

Tuesday, 25 July 2017 | News

House prices have remained fairly static over the past month, with the main house price indices either reporting modest rises or, in the case of Halifax, a drop of 1% since last month.

The interest-only mortgage time bomb… and how to defuse it

Friday, 30 June 2017 | Article

These are worrying times for homeowners who have interest-only mortgages. Many will struggle to repay their debt at the end of the loan and face an uncertain future.

Bank of England issues warning against bad loans and tightens mortgage affordability tests

Thursday, 29 June 2017 | News

The Bank of England is to force banks to hold bigger reserves against consumer loans, amid fears that lenders are unprepared for future financial shocks.

Bank of Mum & Dad helps a third of ‘Second Steppers’

Monday, 26 June 2017 | News

Almost a third of homeowners looking to move up the property ladder rely on financial support from family and friends, saying they need an extra £21,231 on average, to make their next move, according to new research by...

Ask the Experts: How can my grandmother release some cash from her property?

Friday, 23 June 2017 | Question and Answer

There are many people who wish to unlock the value in their home. One way to do this is via an equity release scheme.

A dozen tips on downsizing

Friday, 23 June 2017 | Article

Moving to a smaller property is certainly an option as you head towards retirement, making daily life easier and freeing up some cash.

Should you help your kids on to the property ladder?

Tuesday, 20 June 2017 | Article

First-time buyers are turning to the Bank of Mum and Dad for help on to the ladder. But what should parents bear in mind before digging deep? We speak to families who have been through this.

House prices up by £3,500 month-on-month

Wednesday, 14 June 2017 | News

House prices are rising at a faster rate, with the UK House Price Index (UK HPI) for April up by 5.6% annually, bringing the average price of a property to £220,094.

Homeowners face £3,242 penalty for failing to remortgage

Friday, 02 June 2017 | News

Consumers with a mortgage at one of the UK’s big six lenders could be losing more than £3,000 a year by staying on their provider’s standard variable rate (SVR).