News

House Prices in May Reach New Record Levels

The month of May has seen yet another hike in the average price of properties, reaching a record £261,743, according to Halifax’s latest house price index figures. This is the strongest level seen in almost 7 years with house price inflation rates rising by 9.5% over the last year. During […]

Major Growth in BTL Landlords Showing Interest in Greener Mortgages

Interest in green mortgages is at an all-time high, according to new figures published by Mortgages for Business. A poll conducted on around 300 UK landlords found that 62% have an active interest in loans that incentivise borrowers to make energy-efficient improvements to their properties. The figures contrast sharply with […]

More First Time Buyers are Turning to Brokers for Support and Representation

The potential value of the services offered by brokers is being acknowledged by first-time buyers on a more widespread basis than ever before. That is according to the latest figures from Aldermore Bank, who indicate that one in every two first-time buyers is now using the services of an independent […]

Is Now the Right Time to Consider Equity Release?

The UK’s real estate market has bounced back from its COVID-19 crash at a pace none could have predicted. Fuelled by the temporary stamp duty holiday and the collective desire of millions to upgrade to more spacious rural properties, average house prices recently hit a record high of £238,831. As […]

Simple Steps to Reduce Debt, Starting Today

May brings Debt Awareness Week, during which struggling debtors across the UK are encouraged to take proactive steps to improve their financial circumstances. According to StepChange, the economic effects of the pandemic are likely to be felt by millions of households for many years to come. “This Debt Awareness Week, […]

More Than 110 5% Deposit Mortgages Back on the UK Market

Having been excluded from the market almost in its entirety last year, borrowers seeking affordable 5% deposit mortgages are once again being welcomed by a string of UK lenders. Motivated by a temporary government backed initiative, major banks including Lloyds, Santander, Barclays, HSBC and NatWest have reintroduced 95% LTV mortgages […]

Halifax Reports New Record-High Average UK House Price of £258,204

New figures from the Halifax suggest that the clamour to claim stamp duty relief before the September deadline shows no sign of abating. As a result, a major spike in demand for desirable properties in key regions has resulted in a huge 8.2% average house price increase within the past […]

London Homeowners Sue Surveyor for Failing to Spot Knotweed Infestation

A property owner in London was recently awarded tens of thousands of pounds in compensation after filing a case against a chartered surveyor who failed to detect the presence of Japanese Knotweed in his garden. Not only did the homeowner sue their surveyor for the costs of eliminating the Knotweed […]

Bank of England: Mortgage Borrowing Hit an All-Time High in March

New figures published by the Bank of England suggest mortgage borrowing hit an all-time high in March this year. Official data shows that property owners in the UK borrowed around £11.8 billion more on mortgages than they repaid in March, the highest monthly net borrowing total since records began. Analysts […]

Charity Warns of Potential Homelessness Crisis as Eviction Ban Deadline Looms

Thousands of private tenants across the UK have fallen into arrears due to the COVID-19 pandemic. Many people now face the risk of homelessness when the ban on evictions comes to an end. New figures published by Citizens Advice indicate that in January, at least 500,000 private tenants have fallen […]

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