HSBC has cut the rates on its two and five year fixed rate mortgage deals at 60% loan-to-value (LTV). HSBC is one of the biggest mortgage lenders in the UK. Reducing rates will be welcome news to mortgage borrowers.The bank has cut rates on six products. These products include a mix of fixed and term…
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UK House prices in July 2020 were 3.8% higher than the same month a year earlier according to the Halifax House Price Index. According to the data, a ‘mini-boom’ has driven house prices up in July to 1.6%. It is higher than in June, on a monthly basis and 3.8% higher than this time last…
The government has promised to fund £1.3bn to deliver up to 45,000 homes as part of a plan to boost the “green economy” through the Green homes Grant scheme. The Ministry of Housing, Communities and Local Government claims that the investment will create up to 85,000 new jobs. More than 300 so-called “shovel-ready” projects in…
According to the latest UK Property Transactions Statistics by HMRC, residential property transactions rose to 63,250 between May and June this year – a rise of 31.7%. However, largely due to the pandemic, this figure is still 35.9% lower than the same period a year earlier. On a non-seasonally adjusted basis, the number of…