London homeowners saving less money as gap between renting and buying narrows Property In London, the monthly difference between renting and buying is just one per cent. Buyers in the capital save £12 a month compared to their lodging counterparts.
London homeowners face ‘grim’ mortgage cost hike of £7,300 if Bank raises rates again Mortgage London homeowners looking to renegotiate their mortgage this year face a whopping £7,300 rise in annual costs as experts warn of the “grim reality” of rising interest rates. The Bank of England is predicted to hike interest rates for the 13th consecutive time this year to 5.5 per cent in efforts to cool soaring inflation, [...]
Countryside creep: London homeowners flee capital at record rate Countryside creep: London homeowners flee capital at record rate London homeowners are fleeing the capital at record levels as city slickers pursue newfound housing needs triggered by the Covid crisis, according to new figures released today. Research by estate agent Hamptons shows 61,830 Londoners purchased homes outside the capital in the first six months of this year, the highest number since they started recording [...]
More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
London rents: Why homeowners are £3,000 better off than tenants in the capital every year March 15, 2023 London homeowners are a hefty £3,000 better off than those who rent, however the price to secure a deposit in the capital has soared to new highs due to inflation and a limited pool of supply. According to data by Halifax, those lucky enough to have a place to call their own in the capital [...]
No Brexit exodus: Foreign homeowners sit on £45bn worth of property in London alone July 12, 2022 It has been revealed this morning which areas of the property market are home to the highest value of homes owned by overseas homeowners, with the total market value of foreign owned homes currently standing at £90.7bn across England and Wales. Just shy of a quarter of a million homes are owned by overseas buyers, [...]
London homeowners save almost £4,000 more than renters February 21, 2020 Homeowners in London save almost £4,000 a year more than renters, according to the latest research. Renters in the capital are paying 18 per cent more each month than those that own their own homes, losing out on annual savings of £3,727. The research, which looked at the housing costs associated with a mortgage on [...]
More lenders expected to hike mortgage rates following HSBC, brokers warn June 15, 2023 More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the [...]
Value of London homes sinks as red hot mortgage rates continue to rattle market July 6, 2023 Some 68 per cent of west London homeowners have seen the value of their property decrease since last November, new data shows, as soaring mortgage rates and a difficult buyer market rattle the capital’s housing sector. As buyer confidence falls due to red hot mortgage rates 7,000 homes across west central London decreased in value [...]
Housing market a ‘ticking time bomb’ as prices slow amid mortgage mayhem June 21, 2023 The housing market has slowed amid the mortgage crisis, with experts warning it is like a “ticking time bomb” before it crashes. This morning’s House Price Index from the Office for National Statistics (ONS) show average UK house prices increased 3.5 per cent in the 12 months to April 2023, but this was down from [...]