A recent study1 suggests that some Brits are superstitious, as homes numbered 13 are valued lower than the average property.
House number 13 – unlucky or not?
Topic: Mortgages
In the news
Gazundering in a buyer’s market
Research1 has found that, in 2023, there was a 97% increase in people googling the term ‘gazundering’ – when a homebuyer reduces their offer on a property at the last minute, often just before exchange of contracts. About a third of sellers were subjected to gazundering last year2, indicating the property market currently favours the buyer. Gazundering is less common in Scotland because, while it does still occur, Law Society of Scotland governs the activities of solicitors acting on behalf of property buyers.
Equity release bouncing back?
After a challenging few years, equity release is picking up steam again, with the market experiencing growth for the first time in a year, according to market statistics1.
Get the year off to the right start with a protection review
Why not kickstart 2024 by reassessing your finances, particularly if you’ve undergone recent life changes? This should include reviewing your protection insurance to ensure it aligns with your current needs.
Preparing for winter storms
Minnie and Olga, Regina and Stuart – are all storm names for 2024 pre-allocated by the Met Office. With the average claim for storm damage topping £3,0001, it’s important to protect your home against extreme weather. So, what measures can you take?
Autumn Statement update
Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement on 22 November, with a host of announcements on personal taxation and measures for business. Housing was largely absent from the key fiscal event, but there are a couple of points to be aware of.
BOMAD to the rescue!
The Bank of Mum and Dad (BOMAD) is being called upon to help with more than just a house deposit these days. As more parents and grandparents reach deeper into their pockets to help their offspring, it is vital not to compromise your own financial security.
Interest-only searches rise
The number of searches relating to interest-only mortgages soared by 53% in June, as borrowers sought out ways to lower their monthly expenditure.
What are the most common home insurance claims?
Home insurance offers protection against the most likely things that can go wrong in your home. While we often think of outside threats like theft or fire, a new study1 has shown that more claims result from clumsiness than malice.
Home Finance – In the news
Most landlords not selling yet
Two in three buy-to-let landlords have no plans to sell any of their properties in the upcoming year, new research1 has revealed. While the new Renters Reform Bill had led some to predict a selling spree, it seems most are holding onto their investments – for now. Those with a single property (75%) and those with two or three (69%) are most likely to hold onto all their properties. In a turbulent market, rising interest rates are the main motivation for six in 10 landlords who intend to sell, a 15% jump on the previous survey. Nearly half claim that the rent they charge no longer covers their mortgage costs.
