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Equity release reaches a record high
A record number of older homeowners have been forced to take cash out of their properties as the cost-of-living crisis squeezes household...
May 14, 2022
Homeowners may need to use pensions to pay off mortgages into their 70s
Rising property prices mean the next generation of homeowners may be paying off their mortgages into their 70s, new analysis warns. The...
May 13, 2022
Possible mortgage rise of £1,000 predicted
Chancellor Rishi Sunak has told ministers that interest rates are expected to rise to 2.5% during the next 12 months, with homeowners...
May 6, 2022
Mortgage applicants may struggle to get the amount they need
House hunters planning to apply for a mortgage may find they can’t borrow as much as they could have last week as banks tighten up...
Apr 29, 2022
First-time buyer deposits up more than 50%
The average deposit for first-time buyers has jumped by more than 50% over the last 10 years – even after adjusting for inflation. Those...
Apr 20, 2022
Homeowners face hit as cheap mortgages expire
Almost 600,000 people who remortgaged in 2018 ahead of an expected interest rate rise risk paying an extra £1,700 a year on their...
Apr 13, 2022
Mortgage payments could soon outstrip rents
Monthly mortgage repayments are on course to outstrip rents for the first time in 14 years as the Bank of England's successive interest...
Apr 7, 2022
Average mortgage hits £235k
The total value of mortgages lent rocketed last month as buyers face more affordability tests. Some 70,933 mortgages were given the green...
Apr 5, 2022
More homeowners will be repaying mortgages well into retirement
The Times highlights the soaring number of young people who are taking home loans that they won’t pay off until they are 70. The paper...
Mar 31, 2022
First-time buyer numbers nearly doubled last year
First-time buyers take an average of eight years to save enough money for a deposit on their first home, new research has found....
Mar 23, 2022
Homeowners to feel the pinch after interest rate rise
Mortgage holders will take a hit after the Bank of England raised interest rates again, although benefits may not be passed on to savers,...
Mar 18, 2022
Rates and inflation could dent property plans
A poll for Market Financial Solutions (MFS) shows that homeowners and renters fear rising rates and high inflation will hurt their...
Mar 11, 2022
Mortgage approvals highest since last July
Figures from the Bank of England show mortgage approvals for house purchases lifted in January. The figures show some 73,922 mortgage...
Mar 7, 2022
BoE may end borrowers’ stress test
The Bank of England is considering ditching the stress test which requires lenders to check if a borrower can afford a mortgage if they...
Mar 2, 2022
Banks withdraw 1% mortgage deals
Analysts at Moneyfacts have found that sub-1% fixed rate mortgages have disappeared from the market since last week's rate rise. In...
Feb 24, 2022
Risk of repossession and eviction on the rise
More homeowners are facing the threat of repossession as they fail to make their mortgage payments. In total 30,010 mortgages fell into...
Feb 18, 2022
Repayments to be penalty-free for equity release plans
From the end of March, providers of equity release plans will be required to allow new borrowers to make penalty-free repayments in order...
Feb 14, 2022
Equity release hit new high in 2021
Older homeowners tapped record amounts of cash from their homes last year. They borrowed £4.8bn in equity release mortgages in 2021, an...
Feb 9, 2022
Rates rise will see mortgage repayments climb by £700
Analysis by Moneyfacts says mortgage holders' repayments will rise by nearly £700 a year if the Bank of England doubles its base rate as...
Feb 1, 2022
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