‘East or west, home is best’
M&S Money has revealed that most over 50′s choose to stick close to home in retirement – the majority (61%) of this age group have no desire to move overseas and prefer to holiday close to home or in an English?speaking country.
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A big deposit continues to be the key to a cheap mortgage
As we move into the 4th year of the credit crunch Ray Boulger of leading independent mortgage adviser John Charcol highlights some of the ongoing consequences for the mortgage market.
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Anniversary of credit crunch will bring more problems
Property consultants Cluttons is warning of more property heartache despite recent signs of house price recovery, as the market approaches the two year anniversary of the credit crunch.
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Buyers need three times more for a deposit
Borrowers need to find three times more for a deposit, compared with two years ago when the credit crunch
began.
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A lack of sellers combined with new sellers to the housing market has helped push up asking prices by 15% during May, the largest increase in monthly asking prices since 2003 according to Rightmove’s latest data.
The average number of transactions per surveyor fell to a record low in December despite buyer interest remaining strong according to the latest UK housing market survey from the Royal Institute of Chartered Surveyors (RICS).
The government could be set to step in and guarantee mortgage lending under plans worked upon between government official and bank bosses over the weekend.
The scale of the downturn in the house market has become more evident with new figures from Nationwide reporting a fall of 15.9% in house prices last year.
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
