UKPropertyNews

What is holding back first time buyers Is it actually mortgage problems!

What is holding back first-time-buyers? Is it actually mortgage problems!

A mortgage provider has shared information that many would be borrowers often believe are holding them back, such as affordability, deposits and eligibility. This survey of aspirational homebuyers yet to inquire about a mortgage, found that many could be in a position to buy without even realising. The number one factor was a belief that […]

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Stress of buying is the reason for many homeowners improving instead of moving

Stress of buying is the reason for many homeowners improving instead of moving

Millions of homeowners are choosing to improve rather than move – and for many it’s because they cannot stand the stress of buying. New research from Churchill home insurance reveals that one in fifteen homes in England and Wales (1,740,402 homes) now carry official Improvement Indicators, following substantial home improvements, such as loft conversions and

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Homes are being built faster than population growth, but there's still a need for more

Homes are being built faster than population growth, but there’s still a need for more

Homes in England have increased by 2.1 million over the ten years, reaching 25.4 million in 2023, up 9%, which is marginally ahead of the 7% growth in population during the same period. Owner-occupied homes continue to make up the majority, accounting for 16.3 million properties, or 64% of the total, according to data by

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Insights Show A Significant Decline In Interest Only Mortgages

Insights Show A Significant Decline In Interest Only Mortgages

UK Finance has released its interest-only mortgages data for 2024 revealing a significant drop in in interest-only mortgage stock of 17% over the year. This analysis covers pure and partial interest-only homeowner mortgages as well as maturity and loan-to-value (LTV) profiles. The same review criteria also revealed a reduction by 78% in number and 61%

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