The average house price has risen by 0.4% and is now £369,968 House prices are continuing to rise, hitting a new record for the sixth month in a row. And when combined with the recent rise in interest rates, this is resulting in a 20% hike in mortgage payments, according to Rightmove. The cost of …
How do you split your property assets when you split up or someone dies? If you have bought a property with a partner, friend or family member, and then you split up or they pass away, what should you do? Sadly, we can’t solve your relationship problems, but we can offer some advice on your …
It’s becoming ever harder to get on the property ladder, so how can you get onto that first rung? The average age of a first time buyer in the UK is 34, with the pandemic and the rising cost-of-living pushing the possibility of being a home-owner to later in life than many would prefer. Before …
According to figures from Halifax, a home in Britain now costs seven times the average UK annual earnings, stretching housing affordability further towards breaking point. Property prices have risen by 16.8%, while average incomes have only increased by 2.7% since the start of the pandemic, according to the bank. At the start of 2020: Average …
Do you have dreams of landlording full time? Whether you’ve already bought your first buy-to-let or you’re saving towards it, if your ultimate goal is landlording full time, how can you make that happen for yourself? Sadly, there’s no speedy way to get there (unless you are lucky enough to win the lottery!) but there …
So you’re looking to move on to a new home and you’re not sure if you should sell your current home or rent it out. There are a growing number of people who are looking to move, but who either can’t or don’t want to sell their house. While traditionally home owners would sell their …
Latest interest rate rise makes renting cheaper than buying for the first time since 2014. For the past 11 months it has been cheaper to buy a home in Great Britain than rent, but following last week’s interest rate rise, it’s now cheaper to rent than to buy, according to the lettings agency Hamptons: November …
The Bank of England expected to raise interest rates yet again. Economists are forecasting that the Bank of England will raise interest rates by a quarter percentage point on Thursday, with experts saying the move would affect house prices, as some experts refuse to rule out a rise of half a point — taking rates …
The Prime Minister is expected to make a speech announcing plans for people on benefits to be given the chance to buy their homes via the return of the Right-to-Buy scheme Boris is set to make a major speech in Lancashire vowing to revive Margaret Thatcher’s housing revolution for families on low-income. The Right-to-Buy scheme …
First-time buyers who want to take advantage of the help-to-buy scheme must reserve a property by the end of October, two months earlier than expected. The scheme, which is set to end in March 2023, offers buyers an equity loan so they can buy a new-build property with a deposit of just 5%. Because buyers …
