March 2015

Mortgage approvals hit six-month high

By |March 30th, 2015|

According to The Mortgage  Solutions the number of approvals for home purchases reached a six-month high in February, with authorized mortgages rising at a steady rate month by month according to the Bank of England data.
The Bank of England latest statistics showed that house purchase mortgage approvals reached 61,760 in February , compared to a […]

Mortgage lending comeback indicates property market pick-up

By |March 26th, 2015|

According to This is Money the number of mortgage approvals for homebuyers rose for a successive month in February to hit a five month high, which figures showed yesterday, in a further indication that activity in the UK housing market is slowly picking up.
This is Money have said the lending numbers from the British Bankers’ […]

Budget 2015: Osborne unveils Help to Buy ISA plans

By |March 19th, 2015|

 Mortgage Solutions have announced that George Osborne has announced the launch of a Help to Buy ISA for first-time buyers to help them tackle the challenges of low interest rates on savings and high deposits required by banks.

In the 2015 Budget, the Chancellor pledged that for every £200 homebuyers save for a deposit the government […]

First-time buyers have more mortgage choice!

By |March 17th, 2015|

According to Money facts you could notice a shift in focus in the mortgage market over the last two years. Where it would once have been almost impossible to get a mortgage if you didn’t have a sizeable deposit, now you can easily get one with a deposit of just 5% – in fact, these mortgages […]

Pension reform ‘to boost house prices': Over-55s could cash in on buy-to-let market’

By |March 12th, 2015|

According to the Daily Mail the new pension freedoms could spark a property boom this year , as the over 55’s cash in their retirement savings and invest in the housing market.
From April 6, anyone aged over 55 will be allowed to withdraw all or part of their pension and spend it as they wish […]

Five tips for buy-to-let : the essential advice for property investors

By |March 10th, 2015|

For many people buy-to-let can look like an attractive income investment with rates being low at this current time.
What is important to know is that if you are considering investing in property, or want to improve your returns on a buy-to-let you already own its important to ensure that you are doing everything correctly.
Here are […]

UK house prices fell 0.3% in February

By |March 6th, 2015|

 According to Halifax UK house prices fell 0.3% in February leaving the average house price at £192,372.
The fall, the first since October, followed a rise of 1.9% in January.
However, prices in the three months to February were up 2.6% compared with the previous quarter.
Quarterly measures are often seen as more reliable as they smooth out […]

First-time buyer affordability and deposits on rise

By |March 2nd, 2015|

According to Mortgage Solutions First-time buyers have been able to put down bigger deposits and make a better start since wages rises and the Stampy Duty cuts boosted buying power.
Deposits from novice homebuyers rose to £29,127, which is 15% higher than a year ago, Mortgage Solutions said according to a report from Your Move and […]

February 2015

Enjoy the January house prices recovery

By |February 6th, 2015|

According to mortgage solutions prices from November to January were 1.9% higher than in the previous three months, meaning it brings the annual change in growth to 8.5% up from 7.8% in December.
Sales of homes last year were 15% higher than in 2013, at 1.23 million. This is known to be the highest annual total […]

A step by step guide to buying your first home

By |February 5th, 2015|

For many who are are wanting to become first-time buyers , a first home often remains out of reach the main reason being they simply are unable to raise the deposit that lenders require.
There is now good news, the lending criteria is finally becoming a little more easier. There is a growing number of lenders […]