Investment in UK commercial property sinks after Brexit vote – Financial Times

Investors are fleeing the UK commercial property market, with the City and Scotland the worst hit. The average deal size in the three months to September was the lowest since the nadir of the financial crisis in 2009. The amount spent on London offices was down two thirds from a year earlier, and Scottish investment […]

Record numbers of Brits cashing in on cheap mortgages – How you can join them – Mirror.co.uk

Home owners can save hundreds of pounds a month by switching mortgages. Those on a Standard Variable Rate or coming to the end of a fixed rate period are set to cash in as remortgage approval rates are the highest in years. Households have been switching over to low cost deals in their droves since […]

Vodafone customer slams firm after she was rejected for a mortgage due to £18 bill error – The Sun

A woman from South Wales has spoken out against Vodafone after a billing error which resulted in her being rejected for a mortgage. Ellen Jones, 26, was told her account had been closed with all bills paid. The next month however, she received a message telling her she owed Vodafone £18- plus £34 in late […]

House prices forecast: The UK property market in 2017 – International Business Times UK

The housing market is will probably not improve too much in 2017, experts say. There is a big supply shortage, especially in the South East, and government plans to build a million homes by 2020 will need a big productivity boost, as currently only 150,000 are being built per year in England and Wales. London […]

UK Mortgage Trends Treasury Report – Largest fall in BTL products since 2009 – The Market Oracle

The number of Buy-to-Let products has suffered its largest fall for years. 74 products were taken off the market in just a single month. New rules coming into play at the beginning of the year mean landlords won’t be able to borrow as much, and more changes are due in September. The way income from […]

London house prices fall in September, driven by value drops in most expensive boroughs – City A.M.

London house prices fell by 0.6% between August and September. There is a huge discrepancy though between the most expensive boroughs, which all recorded an annual drop in prices and the cheapest ones, most of which enjoyed a double-digit increase. A leading agent said there was now a two-speed market in the capital. London house […]

What will Heathrow expansion plans mean for flight path house prices? – Daily Mail

Houses near Heathrow could see their values plunge dramatically after the government approved a third runway at the airport. Estate agents have warned the area could be blighted by an increase in air and noise pollution, although there will be a £700 million noise insulation scheme for homes. 750 homes on the site of the […]

‘I’m a first time buyer with 7pc deposit. How can I get a mortgage?’ – Telegraph.co.uk

First time buyers end up paying more for a mortgage than home movers. They are typically offered closer to 4% rather than the 1% deals one sometimes hears about. It is vital for first time buyers to build up a good credit history. perhaps with a credit card, and by never defaulting on other payments. […]

Help to buy scheme ends tomorrow: these are the top deals for buyers with 5pc deposits – Telegraph.co.uk

The Help to Buy scheme which has helped 100,000 first time buyers purchase their homes, closes tomorrow. It was designed to assist buyers take out mortgages with only small deposits, which had been difficult to secure since the financial crisis of 2007/8. The government underwrote small deposit lending, thus removing risk from banks and building […]

House prices fall in London amid a general slowdown across the UK – Telegraph.co.uk

London house prices were worst hit between September and October, falling by 1.2%. The country as a whole was at a standstill, rising by just 0.1%. The national annual rate of growth was brought down as a result to 6.9%. Savills said this slowdown could be attributable to post-Brexit sentiment. The buy-to-let market has also […]