First-time buyers are being warned they could pay tens of thousands of pounds more interest if they sign up for 40-year mortgages. Sales of longer-term mortgages have reached record levels, with most young buyers choosing to borrow for more than the traditional 25 years. The monthly repayments are smaller, so they can afford bigger loans […]
Growth in house prices is likely to slow over the rest of this year, the UK’s largest mortgage lender has said. The Halifax said house price inflation in the year to May remained unchanged at 9.2%, which was the lowest rate since last autumn. It said there would be a further slowdown in the months […]
Ten key points to consider when buying a second home for your own use or as a buy-to-let investment To buy-to-let or not to buy-to-let, that is a difficult question! It can be quite a conundrum for people with capital to invest who are dithering between the stock market or bricks and mortar. Since April […]
The free iOS and Android apps from OnTheMarket.com will give you a head start when searching for property If you’re looking to buy or to rent and want to use your mobile or tablet to search for your perfect new home, give yourself a head start and download one of the free OnTheMarket.com apps here today. Many […]
Are you looking to buy your first home? Nick Manson, Director of Mansons, in Jesmond, Newcastle, talks us through how best to prepare before making an offer Being a first time buyer can be hard work, stressful and nerve-racking. Chances are that you won’t necessarily know the market and it’s easy to be blind-sided by the […]
Homeowners could be offered the option of switching their mortgage supplier within a week, under plans being considered by the government. A consultation will consider whether the procedure for swapping mortgages could be made as fast as that for changing bank accounts. At the moment it can take up to three months to transfer to […]
More than 500m cheques were written in 2015, confounding expectations that the payment method is disappearing. However, Payments UK, which represents the industry, said that still represented a 13% decline on the previous year. It said the figures showed that cheques are still valued as a means of payment. Cheques had been due to be […]
The number of UK properties sold fell by 45% between March and April, HM Revenue and Customs (HMRC) figures show, as changes to stamp duty began. In total 94,370 properties changed hands in April, down from the record high of 164,400 transactions in March. HMRC said March had seen a rush to buy properties before […]
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