Brexit: What does leaving the EU mean for expats? – Telegraph.co.uk

Leaving the EU could result in lots of major changes for the UK, but the group who may well be affected worst are ex-pats living abroad. There are 1.3 million Brits living in other countries of the EU, out of the 4.5 million total Brits currently living abroad. The decision to vote for Brexit has […]

Gloucester one of the top 20 least affordable cities in the UK in terms of property prices – Gloucestershire Live

A recent study by Lloyd’s bank which compared average house prices with average yearly salary has found Gloucester to be among the top 20 least affordable cities in the UK. Gloucester has seen significant increases in house prices between 2012 and 2017. Oxford was found to be the least affordable place to live with Gloucester […]

What it really costs to get on the property ladder: First-time buyers need £23k for deposit, fees and legal costs – Daily Mail

Government figures have shown the true cost of getting on the property ladder stands at £23k in the UK. The average buyer needs a 21k deposit, £2,000 for legal fees and a further £300 for stamp duty. The average price of an entry level property stands at £140,000. These figures unsurprisingly skyrocket in London, where […]

Nationwide profits fall 16% as low interest rates bite – Financial Times

According to Nationwide, there has been a reduction in interest rates. Financial director, Mark Rennison mentions that the reduction was beyond expectations. He also mentioned that the rate of mortgage has been low all the time because of the rate of interest. There has been a competition in the recent years will different banks like […]

First-time buyers need to save long and hard – Yorkshire Post – Yorkshire Post

First time buying in Yorkshire is getting harder than ever, with the average deposit now standing at over £19,000. This has led to the age of the average first time buyer rising to 27. This isn’t as bad as London, where it’s 32, but buying a house is still a hard challenge. An average house […]

UK Mortgage Cashback for first-time Home Buyers Decreasing – The Market Oracle

Cashback offers for those taking out first-time buyer mortgages have been decreasing. The average cash rebate for 90% and 95% loans has gone from £467 two years ago to £408 now. But buyers with a hunter’s instinct can still track down cashback offers of up to £1000 and those willing to change current accounts to […]

How buying a home is still cheaper than renting across the UK – but … – The Sun

According to Halifax, house buyers are on average £651 a year better off than renters. It finds that The average monthly costs associated with buying a three-bedroom house in the UK are £705 – £54 less than the rent for a similar property. They also find that homeowners in London save the most (£1,420 against […]

Single women are buying homes at twice the rate of single men – The Durango Herald

Single women are buying homes twice as much as single men. A study has shown single women account for 17% of home buyers in the US, where single men account for just 7%. Women have been ahead of men in this regard since 1981, and the gap has widened even further since then. Single women […]

Shared ownership explained: A cheap way to your first home or an expensive mistake? – Mirror.co.uk

As first time buyers struggle to afford their own homes, more turn to Shared Ownership as a way to get a stake in a property. These types of deals are up 130% in the past six years. Shared Ownerships work by you buying between 25 and 75% of the property price, then paying rent on […]

UK inflation reaches its highest rate for two years – Mortgage Introducer

Data from the ONS shows that consumer prices in the UK reached 1.8% in January- the highest level since summer 2014. Whilst this price was slightly below the consensus figure of 1.9%, it shows that inflation is getting closer to the Bank of England target of 2%. The ONS claim that rising prices of motor […]