House prices spike as property market reshapes

The UK housing market has defied predictions of a crash and instead has entered a mini-boom. However, there are still question marks over how long this will last, and whether the slump has simply been postponed until later. Several factors are behind the surge in property prices. The biggest is undoubtedly the rush to take … Continue reading “House prices spike as property market reshapes”

Rishi Sunak announces Stamp Duty holiday

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. In a bid to boost a housing market still in shock from the COVID-19 … Continue reading “Rishi Sunak announces Stamp Duty holiday”

Thousands of homebuyers lost deposits in property freeze

The property market shutdown earlier this year proved especially painful for buyers nearing completion. In a recent survey by Butterfield Mortgages of over 1,300 homeowners and would-be homebuyers, three in 10 buyers said they had lost their exchange deposit as a consequence, due to the shutdown taking place after contracts had been exchanged. If this … Continue reading “Thousands of homebuyers lost deposits in property freeze”

Property market health check: how will house prices move?

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 opened the starting gate on the UK housing market, and … Continue reading “Property market health check: how will house prices move?”

So can I move home now?

The government has announced that the housing market in England can reopen this week, with some restrictions still in place. Here’s what buyers, sellers, renters and remortgagers need to know. Having been put on hold since the beginning of April, the property market has been given the green light – in England, anyway. People will … Continue reading “So can I move home now?”

The property market fightback begins

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. Positive signs are emerging that the UK property market may soon restart some activities in a limited … Continue reading “The property market fightback begins”

The UK property market freeze – what it means for you

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. The UK government has defied King Canute, and held back the UK’s most powerful tide: the property … Continue reading “The UK property market freeze – what it means for you”

What does 2020 hold for the mortgage market and you?

There is no doubt that the property market has been affected by ongoing economic and political uncertainty. However, despite hesitation from buyers and vendors, resulting in reduced activity in certain areas, recent research indicates that the property market over the next 12 months shows signs of resilience1. Sales volumes are expected to stabilise, whilst prices … Continue reading “What does 2020 hold for the mortgage market and you?”

Bank of Mum & Dad still paving the way to property purchases

Children are still relying on financial assistance from their parents to get their foot on the property ladder. For ‘Generation Rent’, becoming a homeowner is harder than ever, meaning that the Bank of Mum and Dad continues to play a significant role. Parental support has become so vital, in fact, that the Bank of Mum … Continue reading “Bank of Mum & Dad still paving the way to property purchases”

Are your finances mortgage-ready?

Time spent organising your finances before you apply for a mortgage will help lenders assess your suitability and may even result in them lending you more. ASSESS CURRENT DEBTS A prospective lender will want to know about any debts you already have. If you can afford to, pay down loans and credit card balances, but … Continue reading “Are your finances mortgage-ready?”