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The Latest Breaking News on Prime London property: house prices in most expensive areas close to bottoming out

Housing Secretary Michael Gove admits there aren't enough homes in Britain

He said it was 'increasingly difficult to get on the property ladder'

Wales Online

Housing Secretary admits ‘there aren’t enough homes in this country’

Michael Gove said Prime Minister Rishi Sunak had asked him to look into helping first-time buyers get onto the property ladder.

The Independent UK

5 top tips to increase the chances of selling your property faster

Homes expert reveals simple ways to seal the deal without having to lower your asking price. By Sam Wylie-Harris.

The Independent UK

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OPINION - London rents hit record high – and worse may be to come

Given the 80,000 or so people who subscribe to West End Final, the law of averages suggests that, at minimum, half a dozen former housing ministers are reading this email.

Evening Standard

Average monthly rent outside London now more than £1,000, says agency

Tenants in Great Britain typically paying 25% on top of what they were paying at start of pandemic, according to Hamptons

The Guardian - UK

Renting in London: embattled tenants face rent rises to new record high this month

The annual cost of renting a property in inner London has soared by £7,500 since last spring, while outer boroughs have also seen massive price hikes

Evening Standard

£125 annual increase ‘in the average monthly rent paid on a newly-let home’

Average rents paid for newly-let homes reached a new high of £1,249 per month in April 2023, according to property agent Hamptons.

The Independent UK

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Soaring interest rates to cost UK mortgage holders £12bn in extra payments

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says

The Guardian - UK

The Guardian view on Tory housing policy: profits ahead of people

Editorial: No 10 blocked a vote-winning proposal to end leaseholding – wary of picking a fight with wealthy donors

The Guardian - UK

The return of deposit-free mortgages: should you apply?

Tenants have a chance to escape the “rental trap” with the return of zero-deposit mortgages.

The Week

It's a crisis, but 'don't blame the landlord'

"You can't expect owners to keep rent down when it costs us so much."

Newcastle Herald

‘We won’t be able to pay this much’: UK interest rate hike hits home

Families who have remortgaged or are about to do so tell of a precarious position after rate raised to 4.5%

The Guardian - UK

Surge in London’s ‘boomerang kids’ as more young adults unable to afford own home

More than one in four London families had at least one adult child in the home, the largest proportion of any English region, ONS figures reveal

Evening Standard

Young workers 'can't even fathom' buying a house as deposit-free mortgages launched

Despite the scheme being rolled out now, many young renters fear they will never own a home

Wales Online

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news in one place.

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Daily Mirror

Martin Lewis gives verdict on new zero deposit mortgage - pros and cons explained

Skipton Building Society is launching its new Track Record Mortgage for renters who are struggling to save a deposit - now MoneySavingExpert.com founder has given his view

Wales Online

As no-deposit mortgage deals come back, these are the pros and cons

Deals that don't require money down are returning for the first time since the financial crisis 15 years ago

Evening Standard

Black mould, bidding wars and busted budgets — the ongoing struggle faced by London renters

As renters face intense competition for homes, some are falling victim to discrimination from landlords overwhelmed by applicants

The Guardian - UK

Skipton’s 100% mortgage for renters offers hope – but not without risk

Much depends on the housing market and there’s no agreement on how that’s faring right now

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The Independent UK

Deposit-free mortgage: How it works and how you can apply

Skipton Building Society offering ‘trapped’ renters chance of escape without need for support from wealthy guarantor but campaigners warn housing shortage an underlying problem

Chronicle Live

Zero-deposit mortgage launched for aspiring first-time buyers who are renting

The new track record mortgage from Skipton Building Society means that customers can borrow up to 100% of the value of their property - but they will have to meet a series of eligibility checks

Ideal Home

'There’s a very real risk' - expert issues warning about new deposit-free mortgage

The new deposit-free mortgage scheme promises to help first-time buyers get on the property ladder, but it isn't without risks

Daily Record

New zero-deposit mortgage launches aimed at helping renters and first-time homebuyers get on property ladder

The deposit-free deal from Skipton Building Society is available for potential homebuyers across Britain.

Evening Standard

100,000 homeowners facing mortgage blow in London

Average monthly bills could soar by £539 as fixed-term deals end and rates to rise

The Independent UK

New zero-deposit mortgage launched for renters aspiring to be homeowners

The deal from Skipton Building Society will help some of the new generation of home-buyers to ‘get off the rental treadmill’, one expert said.

Evening Standard

UK house prices fell by £1,000 month-on-month in April

The typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax said.

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