Energy prices are rising and people pay a ‘green premium’ of £40,000 to live in the most efficient properties rather than less sustainable homes.
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Demand for more space is driving house prices higher in the suburbs as the pandemic changes the lifestyles of city homeowners.
Equity release buyers will benefit from more choice as Standard Life is to enter the market and increase competition.
Lenders reduce rates as low as 0.84% for home movers and remortgage buyers with the most equity with more competition.
You pay a £36,116 premium to live in market towns during lockdown, up 8.4% for the year as people look to improve their lifestyle.
Winchester replaces Oxford as the least affordable city to live and work with the highest average property prices now 14 times annual earnings.
As the initial stamp duty holiday ended in July the demand for property reduced by 9% but remains significantly up on normal market levels.
The number of mortgage deals offering 1% interest or less has increased as lenders compete for new and existing borrowers.
UK savings reached £200bn during lockdown and overpayments could reduce interest costs and clear your mortgage years earlier.
Buyer demand in the first half of 2021 exceeded supply which has resulted in 225,000 fewer homes on the market and higher prices.