Scotland’s housing market has defied all the odds by recording impressive price growth in the past year.

With 70.73% of mortgage searches during 2023 for terms of 25 years and over, Twenty7tec looks at the possibility of short-term mortgages being a thing of the past.

Government plans to retrospectively introduce a cap on ground rents could cost the taxpayer over £31bn in compensation, warns the Residential Freehold Association.

The intermediary-only specialist lender has expanded its buy-to-let range with the launch of new Special products for portfolio landlords.

House prices have continued to rally as the year draws to a close with a +0.5% rise recorded in November, following a rise of +1.2% in October.

Sellers across England are continuing to reduce the asking prices for their homes in order to entice buyers in cooler market conditions.

New research has highlighted that additional costs including home insurance, home improvements, and unexpected repairs quickly add up alongside mortgage payments.

Property experts at Your Overseas Home highlight some of the ways that the dynamic UK housing market could continue to affect overseas property purchases in mainland Europe next year.

It is estimated that broken boilers cost English households £32.1m a year despite just 5% of them failing each decade.

More homeowners are finding themselves in mortgage arrears, with the number hitting its highest since the start of 2019 and a surge of 18.2% in the last year alone.