FIXED RATE MORTGAGE DEALS ARE UP FOR 1.4 MILLION HOMEOWNERS IN 2023 - ZOOPLA If you're worried that your fixed deal is up this year, you’re not alone. 57% of people who need to remortgage in 2023 are coming off two-year deals fixed at 2% rates. Key takeaways More [...]
MPS VOTE AGAINST PERMANENT STAMP DUTY CUT - YOUR MONEY MPs have voted against a permanent cut to the stamp duty threshold, upholding the decision made by Chancellor Jeremy Hunt to end the discount in March 2025. In the Autumn Statement, Hunt reversed the decision made by his predecessor [...]
OVER 1.4 MILLION HOUSEHOLDS FACING MORTGAGE HIKE - YAHOO!FINANCE More than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023, the Office for National Statistics (ONS) warns. The interest rate for a typical, new two-year [...]
MOVING HOME IN 2023? WHAT YOU NEED TO KNOW - RIGHTMOVE Are you thinking of moving home in 2023? Whether you’re already home-hunting, you’re ready to kick-start your search, or thinking of selling your home, here’s what’s happening in the housing market as we begin the new year. Take [...]
10 HOUSE PRICE AND MORTGAGE PREDICTIONS FOR 2023 - WHICH? House prices will fall, but higher mortgage rates are here to stay. From record property prices to soaring mortgage rates, 2022 was a tumultuous year for the housing market. But with some degree of normality having returned after a [...]
GOVERNMENT EXTENDS 'GENERATION BUY' MORTGAGE GUARANTEE - THE GUARDIAN Scheme to help first-time buyers on to property ladder has been used by more than 24,000 households across UK The government is extending the mortgage guarantee scheme, which helps buyers with small deposits get on the property ladder as higher [...]
BUYING A HOME: WHAT'S A SURVEY AND WHY IS IT SO VALUABLE? - WHAT MORTGAGE It’s common for homebuyers to assume the lenders’ valuation on their home includes a survey – but this is not the case. Matthew Cumber explains the value of a survey and how it differs [...]
MORTGAGE LENDERS PLEDGE TO HELP STRUGGLING BORROWERS - ZOOPLA Lenders have agreed to adopt a more flexible approach for those hit by the rising cost of living, offering tailored support for homeowners who run into difficulties. Key takeaways Mortgage lenders have promised to do more to help homeowners who [...]
UK HOMEOWNERS FORCED TO SETTLE FOR BELOW ASKING PRICE, ZOOPLA SAYS - THE GUARDIAN Property website data shows housing market is slowing, with 44% less demand for homes and sellers accepting 3% below asking price. People selling their homes have typically had to settle for below the asking price [...]
MORTGAGE EXPERTS EXPLAIN IF YOU SHOULD GET A FIXED OR TRACKER DEAL - WHICH IS CHEAPEST - MIRROR Homeloan prices have been rising this year, leading many housebuyers to ask if a fixed rate or tracker mortgage works out cheaper for them - so we asked the experts. With [...]
