Every other area across the UK - including the south-east - showed a decline in property prices in August, according to a new surveyors' report.
Are you muddled about mortgages?
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Ten reasons why you may not get a mortgage
Getting a mortgage is never an easy process - there are several pitfalls along the way that could result in your application being turned down. Here are ten of them.
Read more... -
How first-time buyers can still win in the mortgage market
First-time buyers and borrowers with smaller deposits are facing a hard time as the number of competitive mortgages falls. But there are a few good options still on offer if you know where to look.
Read more... -
How low will mortgage rates go?
The government has launched a new £80 billion scheme that it hopes will make the cost of borrowing come down.
Read more... -
Is now the time to buy a Eurozone property?
Our neighbours on the continent continue to despair over their finances, but does this mean there’s an opportunity for the British bargain hunter?
Read more...
Sniffing out the latest news?
Average first-time buyer now 35 years old
It takes ten years for first-time buyers to build up a deposit to buy a home - although renting costs more than buying a property.
Parents pay extra £34K to live near a top school
Parents face paying up to £34,000 extra to buy property near England's top performing state schools, according to new research by Lloyds TSB.
Planning rules relaxed: but can you afford an extension?
The government's relaxation of the planning rules mean it's going to be easier to extend your home: but how will you pay for the work?
...our six of the best
close show all six picks-
Fixed Rate
Yorkshire Building Society
- Why we like it:
- Pay 2.84% interest until Dec 2014
- Deposit is 25% (max loan to value of 75%)
- Fee of £995
- Watch out for:
- At end of fix it moves to high SVR of 4.99%
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Base Rate Tracker
HSBC Special
- Why we like it:
- Interest is 2.64% (2.14% above base rate) throughout
- No early repayment charge so free to move
- Fee of £999
- Watch out for:
- You need a 40% deposit
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Discount
Cumberland Building Society
- Why we like it:
- Pay 2.99% for 3 yrs
- You need a 25% deposit
- Low fee of £495
- Watch out for:
- You´ll pay a charge to get out within 3 yrs
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Offset
First Direct Offset BRT
- Why we like it:
- Rate is 3.19% (2.69% above base rate) for 2 years
- Fee is £499
- No early repayment charge so free to move
- Watch out for:
- You need a deposit of 35%
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First Time Buyer
First Direct 2 Year Fixed Repayment
- Why we like it:
- You can borrow 90% of the purchase price
- Rate is 4.29% for 2 yrs
- Watch out for:
- Fee of £999
- Early repayment charge of 3% in first yr
- 2% in 2nd yr
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Buy to Let
The Mortgage Works BTL Variable
- Why we like it:
- Pay 3.49% variable until Oct 2014
- You can borrow 65% of purchase price
- Watch out for:
- High fees of 3.5% of the mortgage
- Early repayment charge of 3% of outstanding loan
We know how much you value choice...
So check out all these mortgages available today!
- Lender
- Initial rate & duration
- Standard rate
- Overall cost for comparison
- Max loan to value