Mortgage choice increases with 5,000 deals now available
The number of mortgage deals available has broken through the 5,000 barrier for the first time in more than a year. Key takeaways A total of 5,146 mortgage products are now available, the highest level since February 2022, according to financial information group Moneyfacts. The increase in choice is across all deposit levels, with nearly […]
Property sales rise as buyers regain confidence in the market
With steadying mortgage rates and 65% more homes for sale than this time last year, buyers are back in the market and agreeing 11% more sales than in 2019. Key takeaways Increasing sales volumes indicate recovering market health The housing market is continuing to see cautious improvements in conditions since the mini budget in October […]
The average home seller made £67,000 profit in 2022
97% of sellers made a profit from the sale of their property in 2022, with the average home earning £67,000. Key takeaways The Covid-19 pandemic triggered unprecedented demand for homes. As a result, the average value of all UK homes rose by £48 a day on average. Our analysis of property sales in 2022 reveals that the […]
How to put yourself ahead of other buyers
From getting your paperwork in order, to lining up your mortgage brokers and solicitors in advance, estate agents reveal how to ensure you have the best chance of securing that sale. In what’s set to be the busiest housing market year since 2007, with reduced housing stock available and the search for more space driving up […]
Shared Ownership: The Ultimate Guide to Financial Success and Why You Should Consider It
Shared Ownership is a government scheme that offers you the chance to buy a share of a property from a housing association, a non-profit-making body that provides homes. Because you only own a part of the property, you can buy it with a smaller deposit and mortgage. A smaller mortgage means smaller repayments but you’ll […]
Why are First-time buyers taking out longer mortgage terms?
Nearly four in 10 first-time buyers are taking out mortgages with a term of between 30 to 35 years, while 17% choose one that’s even longer. Key takeaways The number of mortgage searches done on behalf of first-time buyers jumped by more than a fifth during February and March. The uplift suggests first-time buyers are […]
Flats are back in demand in the UK
If you’re looking to move right now, you’ll know there’s been lots of news about the property market, from rising interest rates, to what might happen to house prices. With our up-to-date housing market data, we’re able to spot changes in the home-moving market as they happen. And this month, we’ve seen that the number […]
7 steps to getting a mortgage
If you’re looking to buy your first home, chances are finding out how to get a mortgage is pretty high on your to-do list. As a mortgage is a big financial commitment, it’s important to carefully consider your options, to make sure you choose the right product for you. We’ve broken down the process to help you […]
How much are first-time buyer homes where you live?
If you’re getting ready to buy your first home, you’re probably hearing a lot about house prices right now. Last month house prices actually fell for the first time this year. This is because many home-movers tend to put off their moving plans until after the summer holidays. Which means there are fewer properties being […]
What does a Mortgage in Principle mean?
A Mortgage in Principle, or MIP for short, is also known as an Agreement in Principle, Decision in Principle, Mortgage Agreement in Principle, or a Mortgage Promise. A MIP is a personalised document confirming an amount of money, which a lender believes they would be able to lend you, based on the information you’ve shared at […]
