Equity Release Holds Steady in 2020 despite Lockdown Complications

The economic impact of the COVID-19 crisis and three national lockdowns is likely to be felt for some time, however, research suggests that the UK’s equity release market coped surprisingly well throughout the turbulence of 2020. New data from one of the country’s leading equity release specialists – suggests that […]

Interest Only vs Repayment Mortgage: Which is Best?

The vast majority of homebuyers in the United Kingdom purchase properties using one of two primary mortgage types: Interest only mortgages Repayment mortgages Both options have their own unique advantages and disadvantages, but which of the two is more suitable for your preferences and your financial situation? Repayment Mortgages: An […]

End to Complex Leasehold Costs Promised by the Government

The British government has announced plans to overhaul England’s controversial and highly criticised leasehold system, in order to eliminate the excessive costs homeowners often face when extending a lease. In particular, owners of former council properties who purchased their homes in the 1980s are likely to benefit from the planned […]

Extension on Eviction Bans Confirmed, But What Next?

As part of the UK government’s Coronavirus relief efforts, an extension on bailiff-enforced eviction prohibition was recently confirmed. Having previously been due to expire on January 11, communities secretary Robert Jenrick confirmed that the same legislation would now cover renters until February 21. The extension was announced to safeguard private […]

UK House Prices Now 900% the Average Annual Salary

In what is likely to come as a blow for first-time buyers and a boom for existing homeowners, property prices in the UK are a full 5.4% up over the same period last year. This now puts the average market price for a home in the UK at a record […]

Are COVID House Hunters Bending or Breaking Lockdown Laws?

One of the biggest differences between the current lockdown and the first lockdown last March is that most of the economy has remained up and running. The real estate sector has suffered heavily during the first lockdown, when it was forced to shut down entirely for several months. Today, buying […]

Thousands of Mortgage Prisoners Set to Benefit from Lending Policy Overhaul

After many years of excessively large monthly payments, thousands of ‘mortgage prisoners’ may finally be released from their restrictive and overpriced deals. In the wake of the financial crisis of 2008, up to 250,000 borrowers found themselves trapped in high-interest loans with no allowance for transferring to a more competitive […]

Women More Generous Than Men with Equity Release Capital, Data Suggests

There is an interesting disparity between the way in which male and female equity release customers choose to allocate their funds, upon releasing the equity tied up in their homes. That is according to new data released by HUB Financial Solutions, which suggests that single women who raise money through […]

Mortgage Lending Activity at a 13-Year High, Nationwide Reports

The UK housing market’s return to strength following the initial COVID-19 lockdown exceeded all analyst and economist expectations. That is according to the latest figures from Nationwide, which indicate that more than 100,000 mortgages were approved by lenders in November alone. This would make November the busiest month for mortgage […]

Top 10 Annual Increases in Property Purchase Search Locations Revealed

As predicted, the rural and coastal areas in the UK were the big winners on the 2020 property purchase landscape by a significant margin. That is according to the latest figures from Rightmove, indicating that Bruton in Somerset topped the table as the most searched-for place among people looking to […]

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