A scheme for first-time buyers under the age of 40 in England to buy a new home at a 20% discount went live at the weekend. FTBs can now apply…
Category: Industry News
Mortgage wars continue as home buyers find cheapest deals ever
Mortgage rates have plunged to new record lows, the Bank of England has reported, while the price war between lenders shows no sign of a let-up. Peter Brodnicki, of the…
Mortgage time bomb ready to explode for thousands of borrowers
A ‘mortgage time bomb’ is looming for people aged over 50 with interest-only mortgages and who had hoped that an endowment would clear the lump sum, typically after 25 years.
Nationwide House Price Report June 2014
Read the full Nationwide House Price Report HERE.
3 days to go until new mortgage rules kick in
The UK mortgage industry will see the largest change to regulation in a decade on 26 April 2014, when the Mortgage Market Review (MMR) changes are formally implemented. The rules,…
Britain’s popular streets fight ‘forests’ of estate agent boards
Councils are using special legal powers to ban the use of the signs in some of the country’s most popular areas. Homeowners in some of Britain’s most desirable areas will…
House prices set to rise by 8%
House prices will rise by another 8% next year due to the shortage of homes coming onto the market, surveyors have forecast. The Royal Institution of Chartered Surveyors (RICS) said…
Help to Buy, FirstBuy and NewBuy – what are the key differences?
In this month’s Mortgage Strategy economic tracker, Andrew Baddeley-Chappell, Nationwide’s Head of Mortgage Strategy and Policy, analyses the growth of housing schemes and their impact on the mortgage market. Andrew…
High Street Price War Slashes Mortgage Rates by MoneyWeek
We are in the middle of a “high-street mortgage war”, reports the Financial Times. Headline mortgages currently being offered include a five-year fixed rate at 2.79% with the Co-operative Bank,…
UK house prices unchanged in November
Price of a typical home unchanged over the month in November Prices just 1.2% below the level prevailing twelve months ago The typical home is now worth £163,853
