Mortgage rate hikes cost London homebuyers £35,000 Property The surging mortgage rates caused by the Iran war have forced the average London homebuyer to fork out an extra £35,500 for their deposit. The rising cost of borrowing caused by the Middle East conflict has meant that the average deposit in the UK is £18,400 higher than in January – though costs have risen [...]
The Capitalist: Lloyds teases wannabe buyers with ‘homebuying tasting menu’ Opinion Lloyds launches a dining special, private jets welcome puppies on board and City AM takes home gold; catch up on the latest City gossip.
Labour warned not to repeat past mistakes with homebuying reforms Property Property experts have welcomed government efforts to simplify the homebuying process, but warned that any change must be done in alignment with industry to avoid a repeat of previous attempts to cut red tape. The proposed changes include digitisation, the introduction of binding contracts at an earlier stage, and requiring property sellers and estate agents [...]