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Prices were up 0.5 per cent last month to put the cost of a typical three bedroom semi at £226,821 – £9,000 and 3.9 per cent higher than the same month last year. Prices also rose on a quarterly basis, according to the latest data from Britain’s biggest mortgage lender Halifax. Values between September and […]
Despite rising home prices and a growing economy, U.S. homeowners’ mobility rate is stuck at a 30-year low as many opt to stay put rather than move to pursue job opportunities or trade up for more space.
GETTY/STOCK The average UK property purchase price in September dropped just 0.8% from August Data released this morning suggests that September saw a mixed outlook in the UK property market, with property prices and lending activity maintaining their trajectory from August in some more buoyant areas, yet cooling in others. According to the report […]
Proposals being considered by the Financial Conduct Authority would allow retired homeowners to take out loans that are repaid after death. Currently banks are forbidden to lend where borrowers do not have a clear means of repaying their capital. This can force some owners – who would be capable of affording “interest only” mortgage repayments […]
Nationwide has released its House Price Index for August, and while house price growth is still evident, it is at a slightly slower pace than previously. House prices soared in June despite Brexit uncertainty after the General Election. The figures were released this morning, and Head of Lending at Mortgage Advice Bureau, Brian Murphy, has […]
Vast amounts of pensioners are paying off interest only mortgages, a risky option for homeowners that could leave them with an unaffordable lump sum. It warns vulnerable pensioners who do not have money to pay off the sum could be left unable to pay for their house. Interest only loans mean homeowners pay only the […]
This is because some homeowners are currently stuck on a high repayment deal, and have been denied the opportunity to access a cheaper deal. The EU Mortgage Credit Directive impact on remortgaging has introduced new rules on mortgage affordabilty. Martin explained: “Sensible rules have been introduced to ensure that first-timers can afford their mortgages, but […]
Fifty seven per cent of UK homeowners have had extensive work done on their property. Amazingly though, fifteen per cent of those can’t remember if they actually got the correct permission for the changes to their home, according to new research. It seems that many Brits believe ignorance is bliss when it comes to renovating […]
ALAMY The system was last night branded a “lottery” Britain’s care crisis is exposed in research showing a 30-month stay could cost between 18 per cent and 56 per cent of the value of a house. It means someone in residential care could face a bill of £50,000 to £93,000 at the very end of […]
The cost of shelter in Canada has been skyrocketing for the past few years. So much so that analysts and economists have been scratching their heads at how it’s possible that so many Canadians can afford homes at these prices. The answer might be simple according to mortgage broker Scott Nazareth – fraud. Scott, who […]
