The latest news and information on mortgages, the property market and other financial matters.
Mortgage rates have risen sharply, with the average five-year fixed rate reaching 6% for the first time in three years. If your deal ends in the next six months, it’s important to act early. The average five-year fixed mortgage rate has climbed to 6%, its highest...
The UK’s house price-to-income ratio has fallen to an 11-year low. However, higher income rates and saving for a deposit still remain big hurdles for many. The average UK home now costs the equivalent of 7.3 times average earnings, down from 7.6 a year ago, according...
Homeowners in Surrey could face average buying and selling costs of more than £24,000 when moving to a larger property – considerably higher than the national average of £15,513. Moving to a bigger home may seem like an exciting next step, especially if you need more...
A proposed government scheme could make it easier for first-time buyers in England to purchase a new-build home with a much smaller deposit. The government has announced plans for a new equity loan scheme called Your First Home, aimed at buyers who can afford monthly...
The government has been warned that urgent action is needed to ensure housing wealth becomes a recognised part of mainstream retirement planning, with single women most likely to have smaller pensions. A new report published by UK consumer group Fairer Finance has...
The Bank of England has kept the base rate the same, but rising inflation and higher lender rates continue to create uncertainty for borrowers. If your mortgage deal ends within the next six to nine months, now could be a good time to review your options. The Bank of...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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