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In The News This Week

Consumer journalist Rebecca Gamble brings you the top stories homeowners, home buyers and sellers need to know about from across this week's news outlets...

in the news

Five-year mortgages offer greater value for borrowers –

There’s good news if you want to lock-in a longer mortgage deal, according to

Its research has revealed the gap between two-year and five-year fixed-rate mortgages has fallen to it lowest difference in seven years.

The average two-year fixed-rate has fallen from 2.52% in January to 2.49% this month. While the average five-year fixed-rate decreased from 2.94% to 2.85% over the same period.

So since January, the gap between two-year and five-year fixed-rate mortgages has narrowed from 0.42% to 0.36%.



What contributes most to our wellbeing: our homes, our health or our paychecks? – Real Homes

What do you think impacts on your levels of happiness the most? According to new research from Kingfisher and the Happiness Research Institute, our homes are one of the biggest contributors to our overall happiness.

The GoodHome Report found that almost three quarters of people who are happy with their homes are also happy in life.

It also found our homes account for 15% of our total happiness. It means they are more important than our general health and fitness (14%). And make a significantly bigger contribution than what we earn (6%) or the job we do (3%).

However, the report raises concerns because as many as one in four of us say we are not happy with our homes.



17 UK towns and cities where you can still buy a family house for under £100,000 – Mirror

Liverpool has the most family homes on the market for less than £100,000 according to a report by HouseSimple.

The city has 628 three-bed houses for sale at £100,000 or less, all within a five-mile radius of the city centre, The Mirror reports.

And it’s followed by Rotherham, which currently has 449 family homes for sale in that price range.

The pair form part of a list of 17 major towns and cities that have more than 200 homes for sale below the benchmark. This figure is approximately three times the average UK salary.

Read our step-by-step guide to buying a home




Bargain hunters prepare for ‘sudden flood of properties onto the market’ – LandlordTODAY

With a raft of recent changes making buy-to-let a less lucrative proposition, some analysts are predicting buy-to-let landlords are about to flood the market with properties for sale.

And investors are being urged to ‘be prepared’ to take advantage of discounted property deals, reports LandlordTODAY.

One expert predicts the new tenant fees ban in England will lead to a sharp rise buy-to-let landlords selling properties.

Meanwhile, the latest data from ARLA Propertymark appears to support this view. It shows the number of landlords selling their buy-to-let properties in April hit the highest level for 11 months.




Halifax rated the UK’s best bank – Mortgage Introducer

The Mortgage Lender Benchmark has rated Halifax the UK’s best bank and Coventry Building Society the best building society, reports Mortgage Introducer

The study, a six monthly assessment from brokers of the service and propositions offered by lenders, revealed Barclays and Metro Bank remain the poorest rated banks.

The research was carried out by financial services review and research website Smart Money People.

It found the top five banking lenders are Halifax, BM Solutions, NatWest, HSBC and Santander. While the top three building societies are Coventry Building Society, Accord Mortgages and Principality Building Society.

For free expert mortgage advice see our award winning mortgage broker service. Find a mortgage online, view today’s best deals, speak to a broker now or request a call back.

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