New research from Experian found that nearly two fifths (38%) of consumers said they were considering buying a new home within the next five years, rising to 66% of people in their 30s and 67% of those in their 20s. People also suggested they are prepared to stretch themselves to secure their dream home, with…
Read moreNew research has found that 840,000 private renters have built up arrears as a result of the Covid pandemic meaning 56% of landlords have lost rental income. The research by Homeppl also found that there was also 71% rise in fraudulent applications, one in 50 are now fraudulent and that fraudulent tenants now costing landlords…
Read moreNew research from Aldermore bank has revealed that self-employed workers in the UK are pessimistic about their home buying chances, as the pandemic has exacerbated difficulties felt by this group in getting a foot on the housing ladder. The challenges self employed renters are facing in buying their first home has become more pressing as the pandemic experience has energised…
Read moreNew analysis published in The Big Issue has revealed evictions and repossessions continued throughout lockdown, as campaigners called for urgent action to prevent an avalanche of homelessness this autumn once Covid-related support ends. The Big Issue has pointed to a potential four-pronged attack on the public in the autumn, with an end to the Universal…
Read moreOlder homeowners received a £1.94 billion property wealth boost in the first six months of the year as the equity release market continued its lockdown recovery, new data from equity release adviser Key shows. The number of equity release plans taken out rose by 3% in the six months to June 30th to 20,445 compared…
Read moreThe Bank of England’s quarterly Credit Conditions Survey saw respondents say that the length of interest-free periods on credit cards, for both balance transfers and purchases, had increased in the previous three months, with further increases expected in the next three months. Mortgage availability also increased in the three months to the end of May,…
Read moreRVU, owners of Uswitch, Confused.com and Money.co.uk has agreed to acquire Mojo Mortgages. Mojo, based in Manchester, is a free online mortgage broker, delivering personalised mortgage recommendations through a hybrid of smart tech and human mortgage experts. The growing company of over 60 employees has won numerous industry awards for innovations such as Mortgagescore, an…
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