Latest mortgage news - Mortgage Affordability

26 Jun 2022

House affordability is stretched as prices outstrip earnings

A typical home is 7.1 times average earnings which have risen 2.7% compared to house prices up 16.8% since the start of the pandemic.

16 Aug 2021

Winchester is the least affordable UK city to live and work

Winchester replaces Oxford as the least affordable city to live and work with the highest average property prices now 14 times annual earnings.

15 Jan 2020

Mortgages for new purchases fell before the general election

Home buyers delayed making new purchases due to uncertainty of the general election result with 10% fewer mortgage loans agreed.

26 Oct 2019

Home movers will pay £127,000 premium to live in a national park

The national parks are known as Britain’s breathing spaces and home movers pay £127,000 more to live there than surrounding counties.

14 Oct 2019

Mortgages with 40-year terms the norm but costs are higher

More than half of residential mortgages have terms of up to 40 years lowering repayments but total interest costs are much higher.

12 Sep 2019

First time buyer deposits rise to the highest level in a decade

Deposits for first time buyers to purchase their first home have increased by 52% over the past decade according to the Halifax.

23 Jul 2019

Over 5 million grandparents come to the rescue with childcare

With the upcoming school holidays two in five grandparents will provide childcare with many paying for treats and activities.

27 Mar 2019

Mortgage prisoners could switch to cheaper deals with new rules

Changes to mortgage affordability rules by the regulator would allow homeowners to switch to cheaper deals.

23 Feb 2019

First time buyers are majority of purchases and highest since 1995

Numbers of first time buyers have reached 372,000 accounting for the majority of home purchases since 1995, says Halifax.

30 Nov 2018

Mortgage deal from Darlington offers six times your salary

Darlington Building Society is offering a new mortgage deal with six times your annual salary if you work in the right industry.

12 Sep 2018

Remortgage buyers rise 23% to secure fixed deals before rate rise

The number of remortgage buyers locking into attractive deals has increased 23% ahead of the Bank of England rate rise.

29 Aug 2018

London asking prices drop £19k in August brings down the whole market

Average house prices in London fall -3.1% in August as sellers try to secure quick sales dragging down the UK property market.

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