January 12, 2015
According to a number of reports this week, there is evidence to suggest that house price rises here in the UK may be tailing off. According to The Guardian, house price growth has now fallen to its lowest level in 19 months, based on the latest figures produced by the Royal Institution of Chartered Surveyors […]
January 9, 2015
6 January 2015 | By Devraj Ray More borrowers purchased their first home last year than in any year since 2007, according to Halifax. Some 326,500 first-time buyers purchased a home last year, up 22 per cent from 268,500 in 2013, says the bank. First-time buyers accounted for 46 per cent of all mortgaged house […]
January 7, 2015
The New Year has brought with it a number of fresh reports with regards to the mortgage market here in the UK. In particular, there are a number of emerging reports pointing towards a slowing down of the property market towards the end of 2014. According to a recent article from The Guardian, the number […]
December 23, 2014
2014 has been a pretty eventful year for the housing market, and there has been no shortage of news regarding the property market here in the UK. Indeed from stricter mortgage rules to record breaking house prices and stamp duty reforms, the property market was seemingly never out of the headlines. Interestingly, this trend may […]
December 17, 2014
According to a number of reports this week, mortgage lending has fallen for the fourth consecutive month in a row, in what is a further sign that the property market here in the UK may be showing signs of ailing. According to The Guardian, The Council of Mortgage Lenders (CML) announced this week that gross […]
December 16, 2014
4 December 2014 | By Devraj Ray Chief Treasury secretary Danny Alexander has recommended the Government commissions the building of new homes on state-owned land in a bid to tackle the housing crisis. The Financial Times reports that Alexander this week gave the example of former RAF base Northstowe as a potential building site for […]
December 15, 2014
The property market seems to have been slowing down in recent months, but as the year draws to a close, the question on everyone’s lips is “what will happen next year?” It is thought that house prices will continue to drop next year, and today we’ll look at a few of the reasons for this […]
December 11, 2014
In recent weeks, a number of reports have surfaced suggesting that the tougher mortgage rules introduced earlier this year may be causing significant problems for older buyers, who are said to be finding it increasingly difficult to secure mortgages. The new mortgage rules, introduced in April of this year, require lenders to adopt a more […]
December 9, 2014
News regarding property prices in London is seemingly never out of the headlines, and the past few weeks in particular have seen a number of interesting reports regarding the London housing market, following the recent stamp duty reforms. In his recent Autumn statement the Chancellor George Osborne unveiled plans for sweeping changes to the stamp […]
Recent weeks have seen a number of important announcements with regards to the property market here in the UK, such as the stamp duty cuts revealed in the Chancellors Autumn statement. These sweeping changes to the stamp duty system, which came into effect immediately, saw the old slab style system replaced with a graduated one […]
November 20, 2014
This week has seen a number of fresh reports regarding the property market here in the UK, with new data released by the Office of National Statistics (ONS) revealing that there was a rise of 12.1% in property prices in the year up to September 2014. Perhaps not surprisingly, the fastest growth was seen in […]
November 17, 2014
According to a report from the BBC this week there has been a drop in mortgage lending to first time buyers, and mortgage brokers believe that this likely reflects a drop in confidence among potential buyers. The article points to data from the Council of Mortgage Lenders (CML) which revealed that the number of loans […]