Cost of moving home nearly double what buyers expect it to be
Homebuyers spending average £13,219 on moving home,* compared to the £7,496 they expect
The cost of moving has increased by 65 per cent over the last decade, though costs have fallen 19 per cent in last year due to stamp duty reforms
The combined ‘additional costs’ of moving home, such as estate agent fees and conveyancing
More than a third (36 per cent) of all properties sold last year were in areas where the average home was unaffordable for first-time buyers
Average property prices equivalent to more than five times the average income of first-time buyers
Tale of two cities: Brighton and Southampton at different ends of the affordability spectrum despite being separated by just 70 miles
Soaring house price
Post Office Money has today enhanced its already competitive mortgage range by announcing new fee-free mortgage deals, including the lowest Help to Buy two-year fixed rate mortgage in the market for a product without an arrangement fee.*
The new range of mortgage deals includes:
80% LTV 2.28% two-year fixed rate mortgage**
80% LTV 3.03% five-year fixed rate mortgage **
85%
Post Office Money has today enhanced its already competitive mortgage range by announcing new fee-free mortgage deals, including the lowest Help to Buy two-year fixed rate mortgage in the market for a product without an arrangement fee.*
The new range of mortgage deals includes:
80% LTV 2.28% two-year fixed rate mortgage** 80% LTV 3.03% five-year fixed rate mortgage ** 85% LTV 2.34% t
70 per cent increase in average value of payments sent abroad for wedding-related expenses
73 per cent of travel agents report increase in demand for weddings located on a beach, with Cyprus, the Caribbean and Greece amongst the top destinations
Couples concerned about foreign exchange costs can plan ahead and fix rates up to a year in advance
Apparently life’s a beach when you get ma
The UK’s parents and grandparents have spent £18billion in the last year supporting their adult children* and grandchildren Nearly one in five (18 per cent) parents and grandparents fully support the lifestyles of their offspring 17 per cent who provide financial support say they helped to pay off their child or grandchild’s debt A third of total savings pots are put aside specifically for t
Two out of five UK workers (38 per cent) earned less than the average UK property gained in value over the last 12 months House prices increased by an average of £18,119 over the last year – 69 per cent of the average wage (£26,426) UK workers only caught up to their house’s ‘earnings’ by 4th September last year However, annual property earnings have fell by £5,800 compared with the previo
Post Office Money launches market leading new mortgage rates, including fee-free options
Post Office Money has today launched a new range of market-leading fixed rate mortgages, as it continues its bid to become one of the UK’s leading financial services providers.
The new range includes two market-leading deals:
3 year fixed 2.24% 85% LTV (£1,495)
3 year fixed 2.68% 90% L
Two-thirds (66 per cent) of people say their savings habits is impacted by their parents
Nine million (18 per cent) think their parents were bad savers
..and eight per cent hold them responsible for having a negative impact on their own savings
Savings begins at home: Post Office Money encourages families to talk to their children about the importance of saving
Two-thirds of the UK (66 per
Post Office analysis of money transfers reveals 16th December1 is expected to be the busiest day of the year for international payments Rise of the ’Multi-Country family’ (MCF) is driving international Christmas money transfers, as 41 per cent of UK adults currently have at least one relative living abroad The number of people with more than five relatives abroad has doubled in the past five year
Post Office Money has today launched a new range of competitive mortgage rates in both its residential and buy to let mortgage ranges, as it continues its bid to become one of the UK’s leading financial services providers.
The new mortgage range launch includes two market leading buy to let deals:
70% LTV 2.45% two-year fixed rate mortgage (£1,995)
75% LTV 3.69% five-year fixed rate mortg
One in five Brits has sold items to an online international buyer for a profit in the past year and one in ten has purchased from an overseas seller for commercial purposes
Online importers and exporters expect substantial increases in trade in the next 12 months
Most items imported from Asia, while European Union countries are our top export partner
The boom in home-based businesses is hi
