Is your mortgage a ‘ticking time bomb?’ Millions of households … – The Sun

Interest only mortgages put those who take them out at risk of losing their home. They payments are lower but most borrowers do not have a concrete plan for paying down the principal once the interest-only terms are over. According to the article, the number of outstanding interest-only loans has decreased from 3.2 million to […]

Leasehold houses and the ground rent scandal: all you need to know – The Guardian

An online version of a UK newspaper has published an article about leasehold houses and ground rents. A leasehold house is one in which the owner owns the house but not the land. The homeowner has to pay rent to the owner of the land. In the past this rent (ground rent) was only one […]

Mortgage costs leap for first-time buyers at the same time as borrowers with larger deposits enjoy record low rates – This is Money

A website that reports financial news in the UK has reported that mortgage rates for first time buyers have gone up. The rates for those putting down 5% rose from 3.89% to 4.24%. For those putting down 10% the rates went up from 2.72% to 2.77%. The website said this was due to lenders being […]

7 Interiors trends that put buyers off your house – AOL UK

If you want to sell your home quickly and get the most money in the process, it is important that you do as much as you can to get the home ready for the sell. That includes getting rid of these hideous things that turn buyers away from your property. Yes, there are so many […]

7 Things to Never, Ever Do When Buying a Home – Laredo Morning Times

If you are like most people, buying a house is a very exciting event in your life, and you are eager to close the deal and begin life in your new pad. But, don’t rush to buy and do any of the seven things that is listed on here. If you are found guilty of […]

June mortgage lending surges 9% to £22.1bn: UK Finance – Financial Reporter

Interest rates in the UK are down from last month and from the same month in the previous year. While this would seem to indicate an improvement in the economy as home-buying typically correlates with this, the fact is that many are just utilizing this drop to refinance existing mortgages. People are still uncertain due […]

UK property transactions fall for third month in a row – BBC News

For the third month in a row, UK propel.transactions have not did well. The number of homes that have been brought or sold has fallen. In fact, in May alone the numbers fell 3.3%. What’s even more ironic is that this was exactly how the market was last year. Experts were hoping that their sales […]

Housing market under pressure as mortgage approvals fall for sixth consecutive month – This is Money

Residential mortgage origination has continued the downward trend. The explanation given is that consumers remain wary of making larger transactions. This in addition to other forms of credit remaining stable but relatively unchanged. Per UK finance, all forms of consumer credit have eased slightly – meaning the growth rate stayed positive but was reduced. This […]

This Morning viewers outraged by boss who offers ‘PET-ternity’ leave to employees who own dogs – The Sun

Greg Buchanan told the ITV hosts that he had one week at home to help settle in his second pup because it was a bit nervous around their first dog. Believing it would be unfair to not offer his employees the same, the boss explained that all members of staff could take a short amount […]

Playing the long game:How to climb the ladder, from first-time buyer to property millionaire, in five carefully … – Homes and Property

Getting on the property ladder is tricky enough in the first place, and the chances are, your first home purchase would have been influenced by your work, the location of family or simply what you could afford at the time. When it’s time to make the next move, though, there may be extra considerations. Let’s […]