First Time Buyers

November 2015

Gross mortgage lending is at its highest level in six years

By |November 30th, 2015|

According to Mortgage Solutions gross remortgage lending rose to £6.1bn in October, topping the £6m mark for the first time since January 2009, figures from property services firm LMS show.

This is an increase of 20% compared to September’s figure of £5.1bn. The value of remortgaging also rose by 49% in October compared to the same time last […]

According to CML Mortgage lending is picking up

By |November 12th, 2015|

Mortgage lending is on an “upward trajectory” after a slow start to the year, a lenders’ group has said.
Figures show that lending to first-time buyers and home movers increased in the third quarter of the year compared with the previous three months.

The Council of Mortgage Lenders (CML) have said it has also been on the […]

October 2015

Small deposit lending jumps to highest level since 2008

By |October 8th, 2015|

According to Mortgage Solutions lending to those with a small deposits reached to 18.1% of all purchase approvals in September, the highest proportion recorded since October 2008.
According to e.surv’s latest mortgage monitor, lending to buyers with a deposit worth 15% or less of their properties’ total value reached 13,200 in September, this being  up 7.4% […]

September 2015

Mortgage lending rises at its fastest rate since crisis

By |September 30th, 2015|

According to the Financial Times Mortgage lending has increased at its fastest rate since the financial crisis as homeowners rush to lock in cheap deals amid fears the Bank of England may soon raise interest rates.
According to figures from British Bankers’ Association, there has been competitive offers from high street banks have helped spur the […]

First-time buyer market gains

By |September 28th, 2015|

 According to Mortgage Solutions , data has shown that the activity levels in the first-time buyer market has risen dramatically in the past three months.
Analysis by property firms Your Move and Reeds Rains showed that 30,200 first-time buyer sales were completed in August.
This figure is 27.4% up on May and made this summer the strongest […]

First time buyer sales reach highest levels since recession

By |September 1st, 2015|

Figures show that the monthly sales across the UK for first time buyers has hit the highest levels since the recession last month, this is according to leading estate agents.
Within July nearly 30,000 first time buyer sales across the country were completed, with just over 3,000 of them being in Wales.
Figures show that last month […]

August 2015

Whats next for mortgage rates?

By |August 28th, 2015|

According to This is Money with interest rates shown to rise early 2016, homeowners are now rushing to fix their mortgages.
Some of the most cheapest mortgage rates have been pulled off, as banks look to get even a little more from borrowers, however rates remain historically low.
Figures are showing interest rates are slowly rising, however […]

July 2015

TSB reports 110% quarterly rise in mortgage lending

By |July 24th, 2015|

According to Mortage Solutions TSB advanced £665m of gorss lending through the intermediary channel in the first six months of the year while receiving mortgage applications of £1.9bn from brokers.

Despite TSB strong lending figures since it was launched into the intermediary mortgage in January this year, the bank reported a 44% decline in its statutory […]

June 2015

Choice of first-time buyer mortgages hits a three-year high

By |June 11th, 2015|

According to This is Money the amount of mortgages on offer to first-time buyers increased 109% since 2012.
The number of low deposit mortgages has hit its highest level for three years, giving first-time buyers some of the best opportunities to get on the property ladder.
Research by MoneySupermarket shows the amount of mortgages aimed at first-time […]

UK mortgage lending hits-14 month high

By |June 8th, 2015|

According to Financial Times UK banks extended their largest number of mortgages for 14 months in April, signalling that the general election in early May did not give home buyers the jitters.
 According to data from Bank of England the number of mortgages taken out by individuals hit 68,076, the highest since last February.
Figures show that […]