Selling a house is the biggest financial deal many people will ever make. Understandably, sellers want to get the best possible price; new research1 has cautioned, however, that aiming too high is not without risk.
Ambitious sellers beware!
Topic: Mortgages
Get into the savings habit to enhance your wellbeing
A report from UK Savings Week shows that having a savings habit improves wellbeing.
Savers on the lowest incomes were found to benefit the most from regularly putting money aside, with 53% of this group reporting that they are satisfied with their life. However, only 40% of low-income non-savers could say the same1.
Hopeful FTBs consider buying with friend or sibling
Did you know that 46% of aspiring first-time buyers would consider buying a home with a friend or sibling to help them get onto the property ladder?1
Buy-to-let market update: Trends and insights
The UK buy-to-let (BTL) market has seen notable changes recently.
The number of new BTL mortgages granted has decreased sharply. This decline is largely due to higher interest rates and stricter taxation measures, which have served to cool investor enthusiasm.
Equity release update
Data suggests that confidence is growing among new and existing equity release customers.
Equity release customers rose by 12% in Q2 of this year, with total lending increasing by 15% to £578m1. There was also a quarterly and annual increase in the average loan size, which indicates that customer confidence is being restored.
In the news
Northern cities surge in mortgage searches
As buyers consider more affordable housing options beyond the capital, the six major Northern cities of Leeds, Bradford, Manchester, Liverpool, Sheffield and Newcastle have witnessed a significant increase in purchase mortgage searches and now account for almost 11% of all mortgage search activity, up by two-thirds on last year1. This surge in demand highlights a broader shift for affordability and life improvements.
Proportion of cash homebuyers reaches 10-year high
The proportion of homebuyers choosing to pay in cash has hit a 10-year high1, analysis has found.
Autumn housing market outlook
The summer was largely positive for the housing market due to a boost in confidence following the General Election and the reduction to Bank Rate. So, where are we now and what does the autumn have in store?
Aberdeen is the cheapest city for FTBs
Jobs permitting, those looking to get on the property ladder may start flocking to Aberdeen, as a report has found it is the most affordable city to be a first-time buyer (FTB)1.
Advice for first-time buyers
Getting a foot onto the property ladder has always presented challenges. Research suggests FTBs could currently be experiencing the most expensive conditions in 70 years1.
