Mortgage Payments Could Rise by £287 Despite Stable Base Rate
Mortgage and savings rates have been fluctuating in recent months, despite the Bank of England’s base rate remaining steady, according to a financial information website. The research was presented as…
UK House Prices on the Rise, but Mortgage Rates Remain Unchanged
Last April, the UK saw an increase of 1.1% in average house prices over the same month the previous year, says the Office for National Statistics (ONS). This positive trend…
UK Homeowners May Be Owed Thousands for Undisclosed Property Issues, Says Legal Expert
Homeowners who discover problems with their properties months or even years after purchase may be entitled to substantial compensation, according to a legal expert. The severe winter has exacerbated structural…
UK House Prices Steady in May Boosted by Wage Growth
The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in…
Housing Benefit for Low Income Renters and Pensioners – How to Apply
The Housing Benefit is now part of Universal Credit for those of working age, but remains available for those over State Pension age and for specific types of accommodation. Understanding…
UK Housing Market Sees Price Growth in May Despite Rising Mortgage Rates
UK housing costs accelerated in May, despite a rise in lending costs slowing the recovery, statistics released on Friday showed. House costs rose by 0.4% in both April and May,…
UK Housing Market Growth Hits Eight-Year High, Says Zoopla
The housing market has seen a significant increase in the number of homes for sale, reaching its highest level for eight years, according to recent data from Zoopla. This increase…
Why Buying a House in the UK is More Profitable than Rental?
Deciding whether to buy or rent a home remains a hypothetical discussion for most people. Many cannot afford to buy a property or even to leave the family home to…
UK to Impose Higher Council Tax on Empty Homes and Second Properties
Owners of second homes and empty properties in England, Wales and Scotland could be required to pay at least twice the amount of the old council tax in order to…
UK House Prices Reach Record High, Averaging Over £375,000
According to Rightmove UK house prices hit record highs with the average British house price reaching £375,000 in May. Average UK House Prices Reach Record High The average UK…
Nationwide Unveils £50,000 Payments for People Who ‘Pass’ Check
Nationwide has “doubled” an essential customer benefit as part of a substantial cost-of-living increase. Nationwide, the UK’s largest building society, which competes with Lloyds, HSBC UK, Santander, NatWest, and others,…
UK House Prices Dip as Lenders Raise Mortgage Rates
According to Nationwide, UK house prices dipped in April as prospective buyers faced persistent affordability pressures. UK House Prices Slide as Lenders Raise Mortgage Rates The UK’s largest building society…
Average Rents in the UK Surge to Record High
Average private rent prices have surged again in the UK, reaching record heights, with yearly rental growth in hotspot areas including Reading and Coventry running at nearly 20%. UK…
Mortgage Payments Skyrocket by 60% Since 2021 Due to Financial Pressure
As of 2024, the UK’s mortgage payments had risen by a staggering 60% compared to 2021, giving a clear idea of the financial pressure homeowners are under. This significant jump…
DWP Helps Individuals Pay Their Housing Costs – Check Your Eligibility!
Housing costs, both rental and ownership, have soared in recent years. This surge in housing costs raises the question of what kind of help the government can provide. So,…
Over 300,000 Households Miss Out on £4,338 in Rental Support – Here’s How to Apply!
Nearly 300,000 households are missing out on £1.2 billion in rental support. According to a new Policy in Practice study, hundreds of thousands of senior citizens are entitled for about…
UK Housing Market: Asking Prices Hit Near ATH in April, Driven by Larger Properties
Larger property has pushed asking prices to near record levels in April, following data that suggests the UK housing market is still recovering despite the recent volatility in mortgage rates.…
Building Society Reforms Aim to Boost Homeownership for Working People
Building society revisions proposed by a Sunderland MP are anticipated to help more first-time homebuyers get on the property ladder. First-Time Homebuyers Set to Benefit as Building Societies Act Amendment…
UK House Price Decline Slows Amidst Record Rent Surge
The average UK house price declined by 0.2% in the year leading up to February down from 1.3% in the year leading up to January. Diverging UK House Price Trends…
UK Housing Madness : March Sees Unexpected Price Drop for First Time in 6 Months
Halifax, a leading UK lender, reported that UK housing prices fell in March for the first time in six months, which surprised analysts and added to the indications of irregularity…
UK Housing Crisis : Non-Profit Groups Struggle Amid Higher Interest Rates
Leading UK Affordable Housing Associations issued warnings recently, pointing to a growing shortage of housing supply and the increasing financial difficulty of building new affordable homes. As public funding falls,…
UK House Prices Drop for the First Time in Three Months
According to Nationwide building society, UK house prices dropped for the first time in three months as high mortgages continue to impact the market. UK House Prices Dip for…
UK Housing Market: Falling Mortgage Rates Set to Boost Prices this Spring
The UK housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property…
UK Housing Offers the Worst Value Compared to Other Countries
The UK housing market offers poor value for money compared with other developed countries. Typically, UK households spend much more money for much less living space. This means that the…
UK Mortgage Rates Cut Anticipated Due to Positive Inflation Data
Brokers and housing market analysts predict mortgage rates to fall slightly in the coming weeks. This is due to positive inflation data and an optimistic outlook from the Bank of…
UK Rental Costs Surge by 9% as House Prices Stabilise
The latest data published recently by the Office for National Statistics (ONS) reveals a significant rental costs rise across the UK last February, while price adjustments in the housing market…
House Asking Prices Rose by £5,000 in a Month
House asking prices have surged by more than £5000 in March as the mortgage market recovery uplifts sellers’ confidence in property values. House Asking Prices Surge, but Buyers are Still…
UK House Prices Stable Amid Interest Rate Uncertainty
UK house prices are now stable, but surveyors have cautioned that although more sellers are putting their properties on the market, the stance remains vigilant due to the continuous uncertainty…
Bank of England Reports a 50% Surge in Mortgage Balances with Arrears
According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023’s fourth quarter in comparison with a year earlier. Bank of…
UK House Prices Approach 2022 High with 5th Monthly Rise
According to the latest data from Halifax, UK house prices have experienced a 1.7% annual surge, bringing the average cost of a UK house remarkably close to the peak recorded…
UK Construction Downturn Shows Signs of Relief, Yet Job Losses Accelerate
Last month, the UK construction industry showed glimpses of stability, offering a glimmer of hope after enduring more than two years of turbulence, according to a recent survey. Despite this…
Mortgage Reforms: UK Building Societies Claim Exclusion of First-Time Buyers
Building societies are raising alarm bells over the unintended consequences of mortgage reforms implemented in the wake of the 2008 banking crisis. They argue that these reforms, initially aimed at…
Rents Surge in Commuter Towns Amidst Unaffordable Cities, Research Reveals
Recent research highlights a surge in rents in commuter towns, driven by the increasing unaffordability of urban areas. As cities grapple with a growing affordability crisis, tenants are turning to…
UK Property Sales Expected to Surge by 10% Amidst Buyer and Seller Resurgence
Online property platform Zoopla has unveiled optimistic figures, indicating a robust trajectory for UK property sales. Projections suggest the market is poised to achieve approximately 1.1 million transactions throughout…
UK Housebuilders Under Investigation Over Price Manipulation
The UK’s competition watchdog has launched an investigation into eight housebuilders after it found signs they may be sharing commercially sensitive information that could affect house prices. The CMA began…
UK House Prices Experience First Increase in Six Months
House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in the…
Affordable Housing Construction in London Hits Standstill, Gove Reveals
Housing associations are cautioning the government about a concerning trend in London, where housebuilding is rapidly slowing down. Over the last 12 months, the construction of affordable homes in the…
UK Housing Market Shows Signs of Recovery with Easing Price Falls
Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries…
No-Fault Evictions Surge in England as Reform Bill Faces Further Delay
In the five years since the announcement of the no-fault evictions ban, over 26,000 Section 21 notices have been issued. Concurrently, the social housing stock has plummeted, creating a complex…
UK House Prices Surge at Strongest Rate in a Year
Nationwide reports suggest a brighter outlook for the UK housing market, with recent price trends indicating notable improvements. UK House Prices Surge In January, the index of the building company…
Tenants Hit Affordability Ceiling, Leading to Slowdown in UK Rental Market
Within the tumultuous landscape of the UK rental market, tenants find themselves navigating the daunting terrain of surging rent prices and fierce competition for available properties. The challenges are twofold,…
Rental Affordability Crisis: Record Numbers of US Renters Face Prohibitive Housing Costs
The challenges surrounding housing in the United States have reached unprecedented levels, as recent data from Harvard University reveals a significant and concerning trend. A growing number of Americans are…
