Property industry to remain open as national lockdown resumes

Last night, Prime Minister Boris Johnson announced another national lockdown, which has already come into force and is expected to last until mid-February. However, the property industry is to continue operating, with estate and letting agents remaining open, house...

Home buyer numbers hit 16-year high

The average number of prospective buyers per estate agent branch was 580 this November, says NAEA Propertymark. This is 29 per cent increase on a monthly basis and is the highest number recorded since August 2004, when 582 were counted. In addition to this, the...

Nationwide opens 90 per cent LTV mortgages to more borrowers

Nationwide is expanding access to its 90 per cent loan to value (LTV) mortgages beyond first-time buyers. From the second week of December, the lender will offer the higher LTV loans to include purchase and customers who are home movers. At the same time, the lender...

HSBC keen for 90 per cent LTV return but concerns remain for 95 per cent

HSBC has confirmed it is ready to return to 90 per cent loan to value (LTV) lending as soon as other big lenders re-enter to ensure capacity can be spread around to meet demand. However, the lender said it would not be diving straight in to the 95 per cent LTV sector...

FCA chiefs fail to explain why borrowers were not told payment holidays would affect lending decisions

The heads of the Financial Conduct Authority (FCA) have failed to explain why borrowers who took payment holidays at the start of the coronavirus pandemic in March were not told that doing so would affect future lending decisions until months later. In a session with...
Property industry to remain open as national lockdown resumes

Property industry to remain open as national lockdown resumes

Last night, Prime Minister Boris Johnson announced another national lockdown, which has already come into force and is expected to last until mid-February. However, the property industry is to continue operating, with estate and letting agents remaining open, house...

Home buyer numbers hit 16-year high

Home buyer numbers hit 16-year high

The average number of prospective buyers per estate agent branch was 580 this November, says NAEA Propertymark. This is 29 per cent increase on a monthly basis and is the highest number recorded since August 2004, when 582 were counted. In addition to this, the...

House prices set to rise by 14%

House prices set to rise by 14%

House prices are on course to rise by 14% between August and November according to the House Price Forecast by price comparison site reallymoving. Average house prices in England and Wales are on course to increase by 14% in the three months between August and...

Bank of Mum & Dad “needs financial advice”

Bank of Mum & Dad “needs financial advice”

32% of parents would value advice on how best to give money to children and would also like government support with guidance and tax breaks, according to new survey from Openwork. 62% of parents would welcome government-backed guidance on how to make gifts and loans,...

Fixed rate costs plunge from pre-lockdown levels

Fixed rate costs plunge from pre-lockdown levels

Average mortgage rates have fallen by as much as 0.51 percentage points in some product categories compared to the deals on offer before lockdown began. Figures from Moneyfacts show substantial reductions across many different fixed rate periods and loan-to-value...