REVEALED: The most and least affordable places in the UK to buy a home - as average house

Regional differences mean Burnley in Lancashire is the most affordable place while Westminster in London is the least affordable, the latest research from the Office for National Statistics has revealed.

Switching off the life support: As Help to Buy draws to a close, we reveal if you can

Launched in January 2014, the scheme was designed to give a much-needed shot in the arm to mortgage lending to buyers with small deposits. And in that sense it worked, as the number of 95 per cent mortgages increased. But with the bandage due to come off in just three months, borrowers with a small deposit are understandably concerned they may start to struggle again.

House price inflation is forecast to continue tailing off as the property market softens, with Halifax revealing today that annual gains had slipped to 5.8 per cent.

The Property Ombudsman had to step in and resolve 3,304 complaints against estate agents and letting agents last year, according to its latest annual figures.

Property values in 'silicon hubs' of Cambridge, Reading and Oxford soar in last five years

In Cambridge, which has 15 tech jobs per 1,000 people, house prices have soared 58.7 per cent in the last five years to reach £442,518, the analysis of Office for National Statistics and Tech City UK data by Property Partner shows.

The average UK home was £10,430 more expensive than last year at £206,015, an increase of 5.3%, slightly lower than August's 5.6% increase.

While consumers' borrowing on credit cards and loans continued to grow, the number of mortgages for house purchase fell by 20 per cent to 36,997 in August from 46,785 a year before.

Will Brexit cause house prices to drop and mortgage rates fall even further? Watch the Property Show

Brexit was tipped as a threat to house prices by experts ranging from economists to the Chancellor of the Exchequer, but now Britain has voted to leave the EU how will the property market fare? In the Property Show we look at that question, explore the latest news from the housing market and get tips from mortgage expert Andrew Montlake on how buyers, sellers and homeowners can get ahead.

Yorkshire Building Society said that home owners who have already benefited from rising prices should remove the tax burden from younger generations.

For the first time, we can reveal how banks slash the loans they offer to borrowers whose children go to nursery, where fees are soaring, or are looked after by a nanny.

Lord of the manor without the financial responsibility: The irresistible appeals of living

Developers cottoned on to this idea decades ago, offering a chance to live in an historic site, but without having to take financial responsibility for the entire estate. Certainly that's what appeals to Peter Webber, a buyer at Clevedon Hall Estate in Somerset. He bought a two-bedroom house in the grounds of the listed mansion, which was once owned by the sugar refinery magnet, Conrad William Finzel, and he has no regrets.

Taking out a mortgage has traditionally involved speaking to someone over the phone or in person. However a few firms are starting to shake things up.

Lloyds Bank also found that, on average, 74 per cent of homeowners not living in the house that they will stay in for the rest of their life reckon that it will take up to two more houses to get there.

What next for mortgage rates?

A gloomy outlook has led to talk of rate cuts rather than rate rises, but that pessimism is not shared by mortgage lenders, who are dishing out record low rate deals. We look at the best mortgage rates and whether now is a good time to fix your home loan.

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

Glasgow, Liverpool, Manchester and Nottingham see biggest house price rises

House prices dropped by 1 per cent in Cambridge in the quarter and growth slowed in London and Bristol - all of them cities that have in the past recorded some of the biggest rises. On average, prices across Britain's main 20 cities rose by 9.5 per cent to £240,000 in July compared to last year, down from 10.2 per cent in June, according to the latest index by Hometrack.

Banks and building societies are cutting the amount of time a home valuation is valid because they're nervous about falling house prices. Kent Reliance was the first to do so on September 1.

Homeowners can get a £5,000 boost from taking their cash out of a savings account and using it to pay down their mortgage.

Britain's biggest builder of homes for retired people, warned it will struggle to hit its growth targets this year after seeing 'some weakness' in the housing market since the end of June.

Mortgage fees have soared to a two-year high - despite rates falling to record lows.

Leigh-on-Sea on Essex coast is happiest place to live in the UK

Leigh-on Sea won the accolade after scoring highly on a range of issues, including community spirit and a strong sense of belonging. It's homes, such as the one pictured above, have attracted London commuters looking for a slice on the coast. It wasn't the only seaside resort in the top ten compiled by property website Rightmove, with Troon, on the west coast of Scotland, taking second place.

Research claiming that confidence in the property market has fallen off in the aftermath of the Brexit vote have been slammed by mortgage experts.

New inheritance tax rules will save up to £140,000 on family homes passed on after death, but they are not straightforward. We answer questions you might have.

Slough and Luton property hotspots as house prices rise almost a quarter

Slough and Luton (pictured) are Britain's property hotspots, official figures revealed today, with prices in the often-mocked towns rising by almost a quarter in a year. Property prices in June continued to tick ahead despite the uncertainty created by the EU referendum at the end of the month,  the latest Office for National Statistics report showed.

Coventry Building Society has scrapped a mortgage for families over fears that they'll be hit by the 3 per cent second home tax. The deal allowed borrowers to add a parent's income to their application.

In the first half of the year, some 174,700 homeowners moved house - a 9 per cent increase compared with last year and the highest level since 2008.

Homes of praise: Church conversions are a challenge but the results can be heavenly (and

Some 1,400 churches have closed over the past five years - that's four closures every five days. And they are often sold at a reasonable price, particularly if they come without planning permission. Converting a church presents its own unique problems and new owners can expect to be challenged by planners and bodies such as Historic England.

Brexit worries coupled with a summer holiday slowdown saw the average asking price fall by £3,602 in August, as questions hang over the housing market.

Most homeowners rely on an estate agent to buy or sell a property, but now many seeking privacy are turning to a new kind of ultra-discreet professional - the buying agent.

Fears that lenders will NOT pass on cut if Bank of England reduces rate to 0.25%

Very low interest rates squeeze bank profit margins, so there will be further losses if the 0.25 percentage point cut is passed on to customers. There are fears banks could attempt to contain the damage by not passing on lower rates to borrowers - risking fury from borrowers and regulators. Many current account holders and savers earn zero interest so banks will not be able to reduce rates they pay to those customers.

If house prices drop just ten per cent, borrowers will be off the hook for as much as £359million of loans taken out through the government's Help to Buy scheme.


The first glasshouses, interchangeably called conservatories, orangeries and greenhouses, were built in Britain from the 1660s to answer the fashion for orange and citrus trees.

How mortgages work: Your essential guide to paying for a home

Houses are expensive. The average home in the UK costs £268,000, according to the Office of National Statistics. Unless you are very wealthy, you are unlikely to be able to buy a home outright. Instead, you can use a mortgage to fund the bulk of the purchase. We explain the essentials.

What I wish I'd known when buying my first home: 18 tips and pitfalls to avoid

Eight nail biting months and finally, we have moved into our first home. It's been a treacherous journey full of hurdles - here's what I wish we knew when we started. They might not apply to everyone, some of it may seem simplistic and various titbits are unique to our own homebuying nightmare, but I hope it helps those entering the process, or currently enduring their own slice of hell.


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