The news has dropped recently from the UK’s largest mortgage lender, that house prices are still rising. This brings the average property price in the UK to £270,027 according to the Halifax. The Nationwide however stated earlier in the week that average property prices was now £250,311. Whichever figure you look at, they both represent…Continue reading
Tag: Mortgage Lender
5% Deposit Mortgage Scheme Launched
The government’s 5% Deposit Mortgage Scheme, which was announced in the Spring Budget, is now underway, helping first-time buyers onto the property ladder. How will the 5% Deposit Mortgage Scheme Work? It is designed to help people buy a home despite struggling to put down a deposit. The lower required deposit will help people in…Continue reading
Rise of Down Valuations Means Decline of Happy Sellers and Buyers
When a buyer has agreed the price of a house with the seller, the mortgage provider employs a surveyor to check what they think the house is worth. The surveyor looks at the sale prices of similar properties in the local area, market conditions in the area, and the current condition of the property. A…Continue reading