Government confirms Help to Buy deadline extension

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The government has confirmed it is extending the completion deadline for new homes to help homebuyers whose property purchases have been delayed due to coronavirus. The Help to Buy scheme was set up to help those with small deposits get onto the property ladder and has helped more than 270,000 homebuyers since its launch. It […]

Fixed mortgage rates start to rise

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Homebuyers and those looking to remortgage who want the security of a fixed rate deal may want to act sooner rather than later, as rates have started to tick up in recent weeks. Despite average rates falling between March and July, over the past month rates have started to rise, according to an analysis by […]

Mortgage payment holidays could be extended

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Borrowers who are experiencing financial difficulties due to coronavirus should continue to receive support from lenders once their payment holidays finish, under new draft guidance from the financial services’ conduct regulator. Mortgage payment holidays were first introduced in March to help those financially affected by the pandemic. Originally, they were designed to last up to […]

House prices climb to all-time high

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House prices reached a record high in August according to Nationwide, cancelling out the losses seen in May and June. Prices saw their highest monthly rise since February 2004, the building society’s latest house price index shows, rising by 2% month-on-month to an average of £224,123. Annual house price growth accelerated to 3.7%, up from […]