Annual house price growth softened to 3.5% Prices fell 0.3% month-on-month in March Some convergence in regional price growth, with gap between weakest and strongest performing regions narrowest since 1978 House Price Index Headlines Mar 17 Feb 17 Monthly Index* 415.3 416.7 Monthly Change* -0.3% 0.6% Annual Change * 3.5% 0.5% Average Price (not seasonally […]

Lender removes minimum income and increases maximum age. Consistently in the know, we can announce that a mainstream lender will begin offering interest only mortgages with no minimum income requirement as of next week. The term available is also set to rise, with the maximum age increase further growing availability. We consider this to be […]

Commenting on the figures below, Robert Gardner, Nationwide’s Chief Economist said: ‘The story of UK house price growth in 2016 was one of relative stability. Annual house price growth ended 2016 at 4.5%, the same as the rate recorded in 2015. Looking ahead to 2017, house price prospects will depend crucially on developments in the wider […]

Philip Hammond’s first Autumn Statement was never going to seem like Christmas had come early. But despite the lack of grand spending plans there were some interesting details nonetheless. Take a look at some of the best bits summed up below. The Good Major investment to build up to 140,000 new homes may at last bring […]

The lifetime ISA is a savings account that will allow people to save either towards their first home or their retirement. Those who sign up can save up to £4,000 a year and receive a government bonus of 25% – which means those who put in the maximum each year will receive a £1,000 bonus […]

Confidence around capital gains has reduced in the last 12 months from 47% in Q3 2015 to 41% in Q3 2016 Perceived tenant demand has increased slightly since Q2 2016 and is strongest in SE England, weakest in the North East 33% of landlords see the Brexit vote as negative for the PRS. 10% think […]

According to the Council of Mortgage Lender (CML), mortgage costs for first-time buyers and home movers reached record low points in September. In this month, first-time buyers paid an average of 17.8% of household income to interest rates and service capital – down 0.2% from August and 0.5% year on year. Now, those moving home pay […]

Brokers are predicting that Donald Trump’s presidential win will help long-term interest rates spiral upwards. Could now be the time to fix your mortgage? Long-term mortgage rates for British homeowners are likely to rise within days following a surge in the cost of borrowing for lenders – aided by Donald Trump’s shock win in last […]

We have many people asking us about the government’s Help to Buy Scheme… If you are saving to buy your first home, you may benefit from saving money into a Help to Buy: ISA. In doing so, the Government will boost your savings by 25%. Therefore, for every £200 you save, you will receive a government […]