Britain’s ‘outdated’ home buying and selling process is costing home movers £560million every year due to failed transactions, a leading high street bank today reveals.
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This is how much first-time home owners spend on rent before buying – it’s risen £46,621 in a decade
This comes as average monthly rents soared by 5.7% in August.
Read More9 bank statement red flags that could jeopardise your mortgage
When applying for a mortgage your bank statement will go under the spotlight. Here’s how to ensure there are no howlers that might harm your application.
Read MoreNationwide cuts mortgage rates despite Bank of England’s decision to hold
First-time buyers stand to benefit the most from these latest cuts.
Read MoreInterest rates held at 4%: Will it impact savings and mortgages?
The Bank of England has held interest rates at 4% offering some relief to savers and disappointment for borrowers.
Read MoreCould banning the Bank of Mum and Dad unlock the housing market?
A new mortgage for first-time buyers with a deposit that hasn’t been handed to them on a plate will do more than just help young people get on to the property ladder, says James Moore.
Read MoreHousing minister to meet major banks in push to strengthen first-time buyer support
The housing minister, Matthew Pennycook, and economic secretary to the Treasury, Lucy Rigby, will meet with senior representatives from major high street banks today, as the government steps up efforts to increase homeownership and expand access to affordable housing under its Plan for Change.
Read MoreLenders raise mortgage rates ahead of interest rate decision
Best UK mortgage deals of the week, 11 September.
Read More‘Shock’ in store for 350,000 UK households on low-interest fixed-rate mortgages
Those on typical £200,000 mortgages taken out between October 2020 and February 2023 may see costs jump by £3,996 a year this winter.
Read MoreFrom offer to ownership: steps to take after mortgage approval
New research from Access Law Online highlights how careful preparation can help avoid delays, protect your investment, and ensure a smoother move into your new home.
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