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News

The latest news and information on mortgages, the property market and other financial matters.

Large detached house

The true cost of buying a bigger home

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...

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New build property

New ‘Your First Home’ scheme to help first-time buyers

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...

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Happy mature woman at home drinking coffee

Single women driving growth in UK equity release market

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...

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Mortgage rates concept

Bank of England holds base rate at 3.75%

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...

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Basket of supermarket groceries

UK inflation rises to 3.1% as households face higher costs

August’s inflation rise has been driven largely by higher fuel prices and airfares. With household bills also expected to increase, borrowers due to remortgage may benefit from seeking advice early. Headline inflation rose to 3.1% in August, up from 2.9% in July,...

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Moving house boxes

Stamp duty deters millions from buying a home

New research reveals stamp duty is not only suppressing transactions but is also costing the economy billions. Some 29 per cent of adults in the UK have seriously considered moving house in the past year – a figure that rises to 49 per cent among renters hoping to...

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