Tag: moneymortgageshome

Will Boris’s Right to Buy scheme unleash a revolution like Mrs T’s?

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Margaret Thatcher’s Right to Buy scheme helped nearly two million households achieve their home-ownership dream.

Her flagship policy, which was introduced in 1980 and allowed tenants to buy their council house at a discount rate, was a huge success and helped turn the fortunes of her government around.

Now, more than four decades later, the Conservative party is said to be considering giving millions of people the right to buy their homes from housing associations to help ‘generation rent’.

Revolution:

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Self-employed mortgage borrowers grilled over Covid grants and loans

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Since the start of the pandemic, millions of self-employed people have accessed government support schemes such as the Self-Employment Income Support Scheme grant and Bounce Back Loan. 

The money allowed them to keep afloat in the most difficult days of the pandemic – and they were told that it would not blemish their credit scores. 

But despite the grants and loans not being marked against them officially, it appears they are still causing problems for some when it comes to

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The £1TRILLION pandemic property boom (and prices are still surging)

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The pandemic house price boom has added close to £1 trillion to the value of the nation’s collective property, analysis for Money Mail reveals today.

The stamp duty tax break, alongside surging demand for more space, have driven up prices to a record high.

The housing market has had its strongest start to the year in 17 years, with prices 11.2 per cent higher in January compared to a year ago, according to Nationwide.

Sellers market: The stamp duty tax

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House prices 2022: Will property values continue to grow?

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Having defied expectations in 2020, the housing market continued to boom throughout 2021.

Property prices once again went through the roof, with the latest estimate from Halifax suggesting an 8 per cent increase over the year as a whole – more than 2020’s 6 per cent.

The typical home in the UK is now worth £272,992, according to the mortgage lender: a rise of £20,757 in the past 12 months, and almost £34,000 higher than before the start of the

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Best mortgage rates: Compare fixed rate and tracker rate mortgage deals

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Mortgage rates are starting to edge up for many borrowers following a rise in the Bank of England’s base rate. 

Lenders were already increasing rates slightly ahead of the decision, with the latest Moneyfacts data from early December showing that the average two- and five-year fixed rates have both increased, each rising by 0.05 per cent to 2.34 per cent and 2.64 per cent respectively.

But following the Bank’s decision to raise the base rate from 0.1 per cent to

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How will UK base rate increase to 0.25% affect YOUR finances?

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Budgets will be squeezed and the price of new and non-fixed rate mortgages will rise after the Bank of England’s surprise decision to increase the base rate to 0.25 per cent.

The decision could hit ordinary people in the pocket, as the cost of living is already on the rise, but the move is being made to try to stall inflation spiralling further.

While the rate has increased by only 0.15 per cent, it comes on top of sharp increases

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Mortgage rates: Homeowners urged to check their terms amid looming base rate rise

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Mortgage brokers are urging homeowners to review their loan terms and see if they could avoid a potentially ‘devastating’ rate rise that has been forecast as a worst-case scenario for 2023.  

Mortgage payments could increase by hundreds of pounds a month if the Bank of England’s base rate was to rise, as the Office for Budget Responsibility forecast ahead of Wednesday’s Budget.

The base rate is set to rise from its current record low of 0.1 per cent in the

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How fitting a heat pump could LOWER your home’s green rating 

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Heat pumps will be installed in millions of homes as part of the Government’s green goal to turn the nation carbon neutral by 2050. 

Energy-­efficiency ratings could soon also hit house prices and mortgage rates, as ministers put pressure on lenders to help make the housing stock more eco friendly. 

But, as Money Mail today reveals, installing a heat pump can in fact reduce your home’s energy efficiency score. This is because, as experts warn, the ratings system is archaic

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