UK Mortgage & Property Related News
Difficulties raising deposits for ever-inflating house prices are driving more aspiring homeowners to turn to shared ownership to get onto the property ladder, a mortgage lender has revealed today.
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This comes as average monthly rents soared by 5.7% in August.
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House prices in the West Midlands are now at an average of almost £260,000, new figures reveal today.
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Best UK mortgage deals of the week, 28 August.
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Average price for a home drops by 0.1% to £271,079 in August compared with July, according to Nationwide.
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Property tax rumours could impact homes valued at over £500,000, potentially triggering a housing market slowdown, Zoopla has warned.
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First-time buyers are borrowing up to 5% more and being offered larger loans, but they are struggling to keep pace with house price rises.
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Research reveals locations where buyers will knock the most off their offer price
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House prices rose by around 3% in 2024, and experts forecast similar rises in 2025
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A high profile lettings agent is advising landlords to buy a doer upper – and he claims that they are currently heavily discounted.
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