Author Archives: arriba
October 4, 2013
Mortgage approvals up 32% in August!
Mortgage approvals in August were up 32% year-on-year at £9.3bn according to the latest figures from the British Bankers’ Association. The seasonally adjusted figures show approvals rose 2% from July’s £9.1bn and were up 32% on August 2012’s £7bn. The monthly tally also marks a four-year high for approvals – the last time there were […]
September 27, 2013
Buy-to-Let watch!
As the market has improved one particular trend has come to light, that is that more and more homeowners are choosing to enter the landlord arena by using Let to Buy. Let to Buy is often thought of as a product for those homeowners who cannot sell their home (as a result of the economic […]
September 20, 2013
Buy-to-Let lending up 11% in July!
Lenders advanced £2bn to landlords in July, an 11% increase on the £1.8bn advanced in June, according to new monthly buy-to-let data published by the Council of Mortgage Lenders. The £2bn advanced in July is made up of £900m for house purchase – with the number of loans totaling 7,600 loans – and £1.1bn in […]
September 13, 2013
House prices rise 5.4% year-on-year in August!
House prices are up 5.4% year-on-year in August, according to the latest Halifax house price index. The average price in the UK in August reached £170,231 compared to £160,292 in August 2012. Quarterly figures show that the three months to August were 2.1% up on the previous three month period. On a monthly basis there […]
September 6, 2013
House prices hit 5 year high in July!
Research from LSL Property Services and research consultancy Acadametrics shows that house prices hit record levels in July, beating the previous best in 2008. The England & Wales House Price Index rose 0.3% in July from the previous month with the index reaching 237.2 from 236.4 in June. The average house price across England & […]
August 29, 2013
Number of mortgage products exceeds 10,000 for first time in five years!
The number of mortgage products available last month exceeded 10,000 for the first time in nearly five years, according to brokerage the Mortgage Advice Bureau. July’s average of 10,262 products is 33% higher than the 7,736 on offer last July, 97% up on the 5,208 products on offer three years ago and a massive 198% […]
August 20, 2013
Lending to FTBs up 30% in June and Q2 lending hits six year high!
Lending to first-time buyers in June was up 30% year-on-year and the Council of Mortgage Lenders says the second quarter of this year was the highest quarterly total for lending since 2007. The trade body’s data shows that 25,300 loans were advanced to first-time buyers in June a 30% increase on the 19,400 loans advanced […]
July 23, 2013
First-time buyer house prices jump 4.1%
First-time buyers paid 4.1% more for their properties in May 2013 compared to the previous year against a backdrop of rising house prices, the Office for National Statistics has revealed. Existing owners also paid on average 2.5% more for new homes than they did in May 2012. Across the UK house prices rose by 2.9% […]
July 15, 2013
Lending to FTBs at five and a half year high!
The number of loans advanced to first-time buyers in May was at its highest level since November 2007, according to figures released today by the Council of Mortgage Lenders. Transaction numbers increased 41.8% from 17,700 in May 2012 to 25,100 in May 2013. The last time lenders advanced more loans to first-time buyers was in […]
July 4, 2013
House prices rise at fastest yearly rate since September 2010!
House prices in June rose at their fastest rate year-on-year in almost three years, according to the latest Nationwide Building Society house price index. Prices rose 1.9% year-on-year in June to £168,941, up from £165,738 a year earlier. On a monthly basis, prices rose 0.3%, up from £167,912 in May. Nationwide chief economist Robert Gardener […]
June 27, 2013
Mortgage lending hits highest levels since October 2008!
Gross mortgage lending has hit its highest level since October 2008 as lenders advanced £14.7bn in May, Council of Mortgage Lenders’ figures show. Lending is a massive 21% up on the £12.2bn lent in April and 17% higher than the £12.6bn lent in May 2012. CML chief economist Bob Pannell says: “Funding conditions, helped by […]
June 21, 2013
Remortgage lending at its highest level in five months!
Remortgage lending had its best month in five months in April, helping to boost gross lending by 5%, according to figures released today by the Council of Mortgage Lenders. A total of £3.4bn was advanced to borrowers remortgaging in April, up 9.7% on the £3.1bn advanced in March. While remortgaging figures where 2.9% down on […]