April 2016

Mortgage lending surged to £25.7bn in March

By |April 22nd, 2016|

March saw the highest level of mortgage lending on record since before the credit crunch.

In One of Mortgage Solutions articles they stated that Mortgage lending in March rose to a massive £25.7bn, according to the Council of Mortgage Lenders – the highest March figure since 2007.

This lending boom was fuelled by buyers racing to beat the […]

Buy-to-let lending up 60% ahead of stamp duty changes

By |April 14th, 2016|

According to The Guardian , Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%.

Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others added […]

Buy-to-let landlords keep benefiting from cheaper mortgages

By |April 13th, 2016|

In an article in which the Guardian had published on the 11 April they stated that Buy-to-let landlords are continuing to benefit from falling mortgage rates, according to new data, despite policymakers saying they are keeping a close eye on the fast-growing sector.

They had also stated that data from finance website Moneyfacts shows that the average […]

Homeowners with ‘granny flats’ look set to avoid 3% Stamp Duty surcharge

By |April 12th, 2016|

According to Mortgage Solutions Property owners with a ‘granny flat’ in their grounds look set to avoid the 3% Stamp Duty surcharge aimed at buy-to-let investors and second homes following an intervention by Sir Eric Pickles.
MPs had gathered together in the House of Commons yesterday to discuss the details of the Finance Bill which, among other […]

February 2016

Help to Buy ISA opened every 30 seconds

By |February 17th, 2016|

According to Mortgage Advice Bureau A quarter of a million first-time buyers have opened a Help to Buy ISA since the scheme launched in December last year.

The number of ISAs opened means that there is an equivalent of one person opening an account every 30 seconds, or just over 3,000 per day, and over 25,000 […]

Mortgage lending rockets as property investors rush to beat April tax change

By |February 12th, 2016|

House purchase approvals were up 20% between December and January, fuelled by the buoyant buy-to-let sector.

Mortgage Solutions yesterday said, The January Royal Institution of Chartered Surveyors (RICS) survey reported a surge in new instructions in January with buy-to-let investors rushing to get into the market ahead of the 3% Stamp Duty hike, intensifying price rises despite […]

Let to buy booms ahead

By |February 5th, 2016|

The number of let-to-buy cases being handled by brokers is booming, with the sector accounting for one in eight mortgages in the final quarter of 2015, according to a study by Paragon Mortgages.

Yesterday Mortgage Solution said that the specialist lender found that for 10% of mortgage advisers, let-to-buy deals represented more than 30% of their […]

Annual house price growth rises by 4.4%

By |February 2nd, 2016|

According to Mortgage Solutions house price growth rose 0.3% in January, which means the annual growth figure remains steady at 4.4%.

Prices rose to an average of £196,829, according to figures from Nationwide’s House Price Index.

Nationwide’s chief economist Robert Gardner said growth has remained in a fairly narrow range between 3% and 5% since last summer.

“As […]

January 2016

Buy-to-let and second homes

By |January 5th, 2016|

Higher stamp duty payable from April 2016
Buy-to-let landlords and people buying second homes from April this year will have to pay a 3% surcharge on the stamp duty charged for the property.

Chancellor George Osborne made the announcement during his Spending Review and Autumn Statement last year. From April, you will have to pay a 3% […]

December 2015

House prices are expected to rise by 6% in 2016

By |December 24th, 2015|

Average house prices are expected to rise 6% by the end of 2016 after a strong finish to the year which saw December asking prices take their lowest dip since 2006.

According to Mortgage Solutions after a monthly price fall of 1.1% in December, the annual price increase stood at 7.4%, figures from Rightmove’s December House […]

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