MoneySavingExpert News

Mortgages

Countryside and Taylor Wimpey ordered to remove 'unfair' doubling ground rent clauses from leases

Two major house builders have been ordered to remove 'unfair' leasehold clauses that allow them to double ground rents every 10 or 15 years. It comes after the competition watchdog found these terms can make it 'impossible' for people to sell or get a mortgage

19 March 2021

Accord becomes the first lender to bring back standard 5% deposit mortgages for first-time buyers

Accord Mortgages will become the first lender to bring back standard 5% deposit mortgages after the majority of lenders pulled out of the low deposit market a year ago due to fears the coronavirus crisis would have a negative impact on borrowers' ability to afford loans

16 March 2021

Martin Lewis' call for 'urgent action' to help mortgage prisoners debated in House of Lords as peers propose interest rate cap

MoneySavingExpert.com founder Martin Lewis has had his calls urging for Government action to help struggling mortgage prisoners heard in the House of Lords this week.

11 March 2021

Ban on rental evictions extended until end of May

A ban on bailiff-enforced rental evictions in England, which was introduced at the start of the coronavirus pandemic, has been extended again until 31 May 2021

10 March 2021

Habito to launch 'lifetime' fixed-rate mortgage that lets you lock in for up to 40 years - here's how it stacks up

Homebuyers and movers in England and Wales will soon be able to fix their mortgage rate 'for life'

10 March 2021

Chancellor commits to looking for 'workable solutions' to help mortgage prisoners - and praises MSE's campaign

The Chancellor Rishi Sunak has told MoneySavingExpert.com founder Martin Lewis that the Government will keep looking for solutions to help mortgage prisoners, after Martin tackled him on the issue

5 March 2021

Homebuyers' transaction tax holiday extended in Wales but not in Scotland

Homebuyers in Wales will continue to pay no transaction tax on properties up to £250,000 until 30 June - but the rates in Scotland will return to their usual level from 1 April.

4 March 2021

Budget 2021: Stamp duty holiday extended in England and Northern Ireland

The current stamp duty holiday in England and Northern Ireland has been extended until the end of June, and some relief will continue until the end of September, the Chancellor announced in the Budget today

3 March 2021

Millions of leaseholders to get new rights which could save £10,000s

Millions of homeowners in England will be given a new right to extend their lease by up to 990 years and not have to pay any ground rent, while extending a lease or buying a freehold will also become cheaper for many, under sweeping new Government reforms

7 January 2021

Martin Lewis urges MPs to free mortgage prisoners, warning coronavirus is set to trap even more households

Martin Lewis has called on the Government to act to help "mortgage prisoners" as he gave evidence to the Treasury Committee about the financial impact of the coronavirus pandemic, warning that more households could become trapped as a result of the crisis

10 December 2020