Average UK house price drops £5k in April – but experts say property boom not over

UK house prices dipped in April as buyers lowered their offers in anticipation of the stamp duty holiday ending, official figures have shown.   Prices fell 1.9 per cent between March and April according to the Office for National Statistics’ April House Price Index.  This meant the average house price fell back around £5,000 to £250,772 … Read more

With house prices high, should first-time buyers be worried about negative equity?  

Many homeowners may have welcomed the stratospheric rises in property prices we have seen this year, as they have increased the value of their most important asset. The typical home was worth nearly £262,000 in May, according to the latest Halifax price index. This is £22,000 more than in May 2020.  Prices are tipped to … Read more

Are houseboats the next property boom? We count the cost of riverside living

Riverboat living appears to be going through something of a boom, after a leading marine finance lender reported a steep rise in demand for live-aboard vessels. Finance deals for homes on boats have increased by nearly 40 per cent in the last year, according to Promarine Finance. With house prices reaching another record high in … Read more

Boost for first-time buyers as 80 new 5% deposit mortgages launched in last month

Help for first-time buyers as 80 new 5% deposit mortgages launched last month – but borrowing is still more expensive than pre-pandemic Lenders have launched 80 new 5% deposit mortgages in the last month They are once again catering to first-time buyers after rescinding deals in 2020 Rates are falling slightly with typical two-year fix … Read more