February 2016

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% […]

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 […]

Buy-to-let investors seek out cheaper properties and higher LTVs

By |November 27th, 2015|

The popularity of buy-to-let properties priced below £150,000 increased by 14% in the third quarter compared to a year earlier, while more landlords searched for higher loan-to-value mortgages.

Mortgage Advice Bureau (MAB) published research which revealed that seven in 10 buy-to-let investors looking for a mortgage in Q3 searched for a property valued below £250,000, with […]

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 […]