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Big drop in cash buyers across the UK

The number of cash buyers in the UK property market is at its lowest level since 2007. Less than a third (28 percent) of homes were bought with cash in the first six months of this year. That compares to a high of 36 percent a decade ago. Every region Read more…

Equity release growing choice for single homeowners

The UK’s ageing homeowners are increasingly turning to equity release to access the wealth in their property. The latest market report from the Equity Release Council reveals a 6 percent annual rise in equity release customers. Couples are frequently more likely to use financial products to access their property’s worth. Read more…

Bank of Mum and Dad now UK’s 10th biggest lender

The Bank of Mum and Dad (BoMAD) is now among the biggest lenders in the UK. New figures from Legal & General have revealed that the average family contribution to first-time buyers and home buyers has risen by £6,000 in the last year alone, up to £24,100. Concerned for own Read more…