Summer housing market update – records, challenges and changing trends
Average asking prices hit record highs, but growth is slowing, as analysts suggest we’re in a buyers market Moving costs have risen sharply across the UK due to changes in tax and associated fees First-time buyers see improved affordability supported by flexible mortgage products As summer begins, the housing and mortgage markets are experiencing a […]
UK cities see strong property market growth
The UK property market experienced a boost in 2024, with nearly 50% of homes listed receiving offers or selling Cities like Sunderland, Leicester, and Liverpool saw notable increases in buyer activity, while London’s growth was subdued Rising buyer confidence, stabilising mortgage rates and positive market conditions are expected to keep demand strong The UK property […]
Home Finance – In the news
Older borrowers are increasingly taking out ultra-long mortgages, with a 156% rise in the last five years Half of UK homes saw price increases in 2024, there’s a clear north-south divide in property values Rent costs for tenants under 45 hit a record £56.2bn due to rising mortgage rates Retiring with a mortgage With a […]
Why life insurance matters
50% of salaried employees and 33% of non-salaried workers lack life insurance Life insurance covers expenses like mortgages, bills and education costs should the worse happen Policies can start as low as a few pounds a month, offering affordable protection and peace of mind Taking out life insurance is a crucial step in protecting what […]
Flooding puts 6.3 million homes at risk
6.3 million homes face flooding threats, but the dangers are expected to rise significantly due to climate change 4.6 million properties are at risk of surface water flooding, a 43% increase since 2018 Taking proactive steps, including insurance, is key to protecting against flood damage A recent report from the Environment Agency has revealed that […]
Equity Release – cause for optimism
Over 15,000 active customers and £622m in lending recorded in Q4 2024, up from £525m in Q4 2023 A 3.3% increase in UK house prices contributed to larger loan sizes and improved product availability. A 27% rise in returning customers using further advances shows growing confidence in equity release Looking at The Equity Release Council’s […]
One in six plan to move in 2025
30% of Brits moved home in the past three years, motivated by lifestyle changes and space One in six homeowners plan to relocate this year, with garages and gardens top priorities Renters face affordability challenges, with many needing family support to buy their first home. After a busy period in the housing market, there seems […]
Stamp Duty changes – tune in
Stamp Duty Land Tax (SDLT) rates reverted on 1 April 2025 to pre-September 2022 levels First-time buyers will have to start paying the tax on any home valued above £300,000 Non-first-time buyers will pay SDLT on properties valued above £125,000. From 1 April 2025, Stamp Duty Land Tax (SDLT) rates revert to the thresholds prevailing […]
Spring tips for UK homebuyers
Spring typically offers an uptick in listings, with 70% of homes listed in February and March completing quickly Buyers have benefited from stable mortgage rates and a wider selection of homes to offer on Early preparation is crucial for making informed and successful decisions in a competitive market As spring gets under way, the UK […]
When is the right time to buy your first home?
Changes to Stamp Duty and mortgage rates may make now a good time for first-time buyers. House prices are predicted to rise in 2025, though at a slower pace than before. Lower mortgage rates have boosted first-time buyers’ budgets, but personal circumstances should guide decisions. There is a lot to think about when purchasing your […]