January 18th, 2021
What can you get for your money? The property market in 2021
In this Financial Solutions property market 2021 update we look at the latest news posts on the property market, equity release news, how much property you can buy for £231k. Plus a guide to mortgage terminology and a look back on mortgage history in the UK. Read our summary or download the full Your Home Finance issue below.
Property market 2021 update
In 2020, despite the Coronavirus pandemic, the UK property market saw a surge in demand as many home buyers and homeowners reconsidered their property needs. This trend continued into Q4 with Nationwide data an annual growth in property values of 5.8%. The highest annual growth since January 2015. For more property market updates download the full Your Home Finance issue below.
What is the average UK house price and how much property can you get?
The average house price for the UK now sits at £231,000, but how much property does this buy you? And as a result of national lockdown restrictions, we’re spending more time at home and rethinking how much living space we have. Unsurprisingly £231k buys you more or less space depending on the property's location. To find out how much download the full Your Home Finance issue below.
Looking for more living space and need mortgage advice? Speak to our experts
Equity release market news
Despite a slow start during the first lockdown, the Equity Release Council saw positive signs of the equity release market with a total of £963m released by new and returning customers. In this Your Home Finance issue we share more statistics on the equity release market, plus what to expect for the future.
Find out how Financial Solutions can help you with equity release.
All information on the attached guide is based on our current understanding of taxation legislation and regulations and are subject to change.
For help and advice in financial planning, mortgage advice and retirement planning speak to our experts.