House prices fall at fastest rate since 2009 while rents climb due to ‘yawning gap’ in supply and demand By Adele Cooke Money Mail Reporter Updated: 11:45 BST, 14 September 2023 House prices fell at their fastest rate since 2009 last month as the ‘downward spiral’ continues, a new survey of estate agents and surveyors … Read more
Homeowners are increasingly choosing to stick with their current lender rather than remortgage to a new one when their deal ends. Roughly half of borrowers remain with their current lender when their deal ends, according to data released exclusively to This is Money by broker L&C Mortgages. This is a big increase compared to the … Read more
My son and his partner brought a new build property in July 2019 for £280,000 with a mortgage through Nationwide Building Society. This was funded through a deposit of £48,000, a mortgage of £176,000, and a government 20 per cent interest-free Help to Buy loan of £56,000. During the pandemic, both my son and his … Read more
Having been saving up for a while, I decided this year to start looking to buy my first home. Up until this point, I have been renting with friends for a number of years and have moved from property to property. But now I find myself trying to find somewhere to buy, I can’t make … Read more
Despite house prices falling over the past year, higher mortgage rates will be pricing many buyers out of the types of homes and areas they want to live in. One in four movers went to a more affordable area this year, according to the estate agent Hamptons International, up from one in five in 2022. … Read more
I have £150,000 left on my mortgage and a fixed rate that runs until 2027. My lender lets me overpay by 10 per cent without penalty, but what does that mean? Can I only make an annual lump sum payment of £15,000 or extra payments on my mortgage of £15,000 divided by 12? Or, can … Read more
Almost a quarter of Britons would be happy to support a full ban on the sale of fake plastic lawns. Having a fake lawn fitted can seem appealing to weary homeowners – it means no pushing the lawnmower around and a consistent appearance. But Britons have been turning their back on fake grass in recent years, … Read more
How credit record ‘blips’ can stop you getting a mortgage – and what to do Credit ‘blips’ result from missed payments or using unarranged overdrafts They can remain on your file for up to six years, even if paid off However, there are ways to get around the issue, and still get a mortgage By … Read more
Borrowers whose current fixed rate deal is coming to an end face much higher costs and should explore their options as soon as possible. Those who have agreed to buy a home should also check how much they can borrow and monthly payments and consider locking in a deal. This is Money’s best mortgage rates … Read more
If you are struggling to pay your mortgage bills as interest rates rise rapidly, our guide explains what you can do. Mortgage rates have spiralled over the past month on the expectation that the Bank of England may have to push base rate all the way to 6 per cent to combat inflation. But even … Read more