Author Archives: arriba
November 28, 2012
Asking prices down 2.6% in November
Sellers dropped their asking prices by 2.6% between October and November although house prices remain 2% higher on an annual basis. The 2.6% fall, equivalent to an average of £6,407, represents the smallest November decline in three years, according to the latest Rightmove house price index. The average asking price of a house now stands […]
November 22, 2012
Mortgage lending could reach £145bn in 2013
Gross mortgage lending could reach £145bn in 2013 with brokers accounting for a greater proportion of business, says the Association of Mortgage Intermediaries. The AMI’s quarterly economic bulletin says the FSA’s impending ban on non-advised sales, which will come into force in April 2014 as part of the mortgage market review, along with the government’s New […]
November 8, 2012
Borrowers in negative equity falls 13%
The number of UK borrowers in negative equity has fallen by 100,000 since the first quarter of 2011, from 827,000 to 719,000, says the Council of Mortgage Lenders. In its fortnightly News and Views letter, the CML says this 13% decline leaves around 10% of borrowers in negative equity when the Halifax House Price Index […]
November 1, 2012
Gross mortgage lending climbs to £7.3bn in September
The British Bankers’ Association’s figures for September show gross lending rose by £0.3bn to reach £7.3bn but remained below the six month average of £7.5bn. Net lending rose from minus £0.3bn in August to £03.bn in September. The number of mortgage approvals reached 62,974, up from 60,119 in August and 2,771 above the six month […]
October 2, 2012
Why it’s cheaper to buy than rent…
Once, renting a house was the logical way to save up to buy a home of your own – but not anymore. In fact, it is cheaper to pay a mortgage on a three bedroom house than it is to rent a similar property, a major report reveals today. On average, a homeowner spends around […]
September 5, 2012
Mortgage lending up 8% in July
Gross mortgage lending increased to £12.7bn in July, representing a monthly increase of 8%, according to the latest figures from the Council of Mortgage Lenders. This latest figure shows that mortgage lending rose to its highest level since November 2011 when it reached £13.2bn. CML’s market and data analyst Caroline Purdey says: “Gross mortgage lending […]
August 30, 2012
Gross lending drops 6% to £11.7bn in June
Gross lending totalled £11.7bn in June, 6% lower than May’s total of £12.5bn and 7% lower than in last June. But the Council of Mortgage Lenders says that figures show that lending to first-time buyers during the month was at its highest since July 2010 – with the exception of March this year, when first-time […]
August 12, 2012
Nearly half of renters can’t save for a deposit.
SpareRoom.co.uk last week published research showing that nearly half of UK renters cannot afford to save for a deposit. The results of its poll show 42% of respondents say they cannot afford a deposit while 19% say they never envisage getting on the property ladder. Among the 35% who have started to save for a […]
August 9, 2012
Home visits to suit you
August 8, 2012
Appointments 7 days/week
August 7, 2012
Gross lending by building societies up 38% year-on-year!
Gross mortgage lending by building societies and other mutuals was up by 38% in the first half of the year compared with 2011. Gross lending reached £14.1bn in the six months ending June 2012, compared with £10.2bn over the same period in 2011. Lending rose 28% to £2.7bn in June 2012, up from £2.1bn June […]
August 2, 2012