The housing market could be back up and running in just a few weeks after the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely. A spokeswoman for the Royal Institute of Chartered Surveyors told This is Money that it is readying a new set of guidelines … Read more
Hundreds of thousands of home sales worth a total of £82billion that were agreed before the outbreak of the coronavirus pandemic are now on hold due to the lockdown, new research shows. Property website Zoopla said some 373,000 property transactions are suspended in the pipeline as Government restrictions are effectively stopping people from moving home. … Read more
What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more
The pace of house price growth seen since the start of the year had already begun to slow down in February before the market was frozen by the virus lockdown, new official data shows. While property prices have risen by an average of £2,000 to £230,000 in the last year, the monthly upturn in prices … Read more
Leading estate agent calls for a stamp duty cut to revive the property market and prevent a collapse after lockdown By Daily Mail City & Finance Reporter Published: 00:01 BST, 20 April 2020 | Updated: 08:55 BST, 20 April 2020 Urgent stimulus from the Government is needed to ward off a collapse in the UK’s … Read more
Revealed: 1.2million households have already taken a mortgage holiday – but experts warn some could struggle to remortgage as a result Some 1.2m households have taken a mortgage repayment holiday so far The vast majority of these will have been financially hit by coronavirus But experts warn these borrowers may be looked upon unfavourably in future … Read more
If you’re trying to move house and are unsure how the Government’s announcement will affect you, removal quote provider Reallymoving has put together the following advice: Securing a mortgage · Be prepared to provide evidence of job security, something banks will be checking even more closely than usual. · With surveyors currently unable to carry … Read more
The housing market has been thrown into chaos in recent weeks as buyers and sellers delay their moves in the wake of the coronavirus. This, on top of the recent Bank of England Base Rate cuts, has led to some mortgage lenders pulling products in a move not seen since the credit crunch. Barclays and Halifax’s … Read more
It’s no secret that some parents adopt all manner of tactics to ensure their children have the best chance of being admitted to a good school. Moving home, finding faith and renting in a catchment area are all methods employed to navigate the strict criteria that many schools impose to whittle down admissions that come … Read more
Mortgage prisoners may finally be able to switch to a better deal after the City watchdog relaxes its rules By Sarah Davidson For Thisismoney.co.uk Published: 16:06 BST, 28 October 2019 | Updated: 16:06 BST, 28 October 2019 Mortgage prisoners locked into expensive rates have been offered a potential lifeline after the financial watchdog relaxed its … Read more