Young workers will no longer have to choose between saving for a home or retirement, as the Chancellor revealed a new Lifetime Isa with an up to £1,000 a year bonus in his Budget. he new Lifetime Isa will be launched next April to help people aged 18 to 40 get a foot on the housing ladder, without hindering their efforts to put aside money for their pension
Are changes afoot to prevent the heartache of a failed property purchase? Government calls for evidence to make buying process better
A whopping £270million is lost each year by potential home buyers on failed property transactions, according to new research from the Department for Business, Innovation and Skills. As a result, the Government - in its Budget - says it will now look into ways to help curb this waste of money and make the process simpler.
MORTGAGES & PROPERTY ESSENTIALS
MORTGAGES, HOUSE PRICES & PROPERTY NEWS
Are you paying over the odds for your mortgage? Greedy lenders raking in thousands of pounds with annual interest payments
Homeowners whose mortgage lenders only pay down the interest on their home loan annually are paying thousands of pounds more for their mortgage than necessary. The archaic interest payment system has been ditched for most modern-day lending, but is still in in use as standard by some building societies.
Britain's affordable property hotspots revealed - with Liverpool, Conwy and Bradford topping the list
Liverpool tops the list of property hotspots after seeing a 40 per cent increase in property prices. However having risen from £85,000 to £120,000, prices are still well below the UK average of £200,000. It is followed by Conwy in North Wales and Bradford, which has seen prices rise 37 per cent and 36 per cent respectively.
House price inflation fails to take off despite claims buy-to-let investors are racing to snap up homes ahead of stamp duty hike
A mixed picture was put out by the UK's two biggest mortgage providers today, but both agreed property prices were relatively steady, despite a claimed buy-to-let rush. Nationwide, however, warned that there had been a 'marked decline' in home ownership rates among young people in England over the past decade.
Is it a bad time to buy a house? Supply and demand gap grows wider as number of properties for sale falls to 14-YEAR low
The last time supply was this low was in December 2002, when Girls Aloud (pictured) were at number one in the music charts, according to the National Association of Estate Agents. The number of properties available per estate agent branch fell to 33 in January, the lowest for nearly 14 years when just 25 properties were available.
Number of young adults living with their parents hits 20-year high as millions struggle to buy their own homes
A fifth of 25-to-29 year olds still living with their parents, and half of those aged 20-to-24 and one in 10 aged 30-to-34 are also in the same boat, according to new official figures. The ONS research also found young men were more likely to live with their parents. One in three men aged between 20-to-34 were in this category, compared to one in five women.
SIMON LAMBERT: Could house prices double in 15 years? With property so expensive that seems a tall order
The seemingly bold suggestion of house prices doubling in 15 years would actually mean them growing well below the long-term average, but even then it may not happen. As a value investor, I look at the chart of house prices compared to wages and see property as expensive and therefore less likely to perform well from here.
MORTGAGES: WHAT YOU NEED TO KNOW
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