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How to cut the ballooning costs of living in a listed historic home


How to cut the ballooning costs of living in a listed historic home
These properties cost on average 22pc more than non-listed equivalents, and their maintenance can be pricey
8 March 2021 • 6:00am
Standing in more than 30 acres of land, with views across the River Frome, Merfield House in Rode, Somerset, comes with four cottages and a pool. It is a Grade II listed building. It is £4.5m with Knight Frank
It was the neo-gothic window in the hallway that made Nancy Parker fall in love with her home, a Grade II listed house built from honey-coloured Cotswold stone and dating from the 17th century. ....

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Where London's first-time buyers should buy using a 95pc mortgage


The areas opened up
Hamptons calculated the monthly repayment under the mortgage guarantee scheme for the average-priced property in each local authority area in Britain, assuming buyers had a 5pc deposit and paid interest at 1.75pc. It then measured this against average inner London rents to map where London’s first-time buyers – those who are most constrained by affordability – would soon be able to buy.
Parts of London and the South East will still be wildly out of reach. In Kensington and Chelsea, the average monthly mortgage repayment would be £4,416. In a quarter of London local authority areas, the average property price exceeds the £600,000 cap for the government-backed loans. ....

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