Housing & mortgage round up: Last round up and house price survey of 2012

Housing & mortgage round upOur last housing and mortgage round up of 2012 wouldn’t be complete without a house price survey and we’ve not let you down. In other news, another mortgage lender has stopped offering interest-only mortgages, there are fears that average rents will rise quickly in 2013 and first time buyers appear nervous about what the New Year might hold for them. Small annual rise in house prices The latest figures from the Office for National Statistics (ONS) show that house prices increased by just 0.2% in October. The ONS also revealed ...

Housing & mortgage round up: House prices rise as do mortgage approvals

Housing & mortgage round upTwo house price surveys out this week, both showing a rise in house prices, whilst the number of mortgage approvals has risen and mortgage affordability is improving. All good news? Well, not quite. The housing market is still volatile, with any monthly rises being cancelled out by falls, to create a stagnant picture and mortgage finance is becoming even harder to obtain for people without large deposits. Nationwide: Surprise rise in house price...

The rise of the ‘hotel of mum and dad’

Many parents are aware of the 'bank of mum and dad' concept, especially as the tough economic times have bit young people especially hard, however the 'hotel of mum and dad' also seems to be rising in popularity. New figures from the Office of National Statistics (ONS) show that almost three million people aged between 20 and 34 are still living at home with their parents. Are you a first time buyer looking for help?...