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 […]
November 13, 2014
According to property website, Rightmove, prices of houses in Manchester have fallen by 1.7% which is good news for any potential sellers looking to buy a house in the area. However this isn’t this isn’t uncommon during the quieter winter months. As a mortgage broker in Manchester, we ensure that we keep ahead of the […]
November 7, 2014
According to a number of reports this week the fees banks charge mortgage borrowers have doubled in the past five years. Indeed according to The Telegraph consumers are reportedly being charged numerous fees for the administration of their mortgage, with the average arrangement fee having risen from £878 pounds in 2009 to £1,588 in 2014. […]
November 6, 2014
8 October 2014 | By Peter Williams, Executive Director, IMLA The Government’s U-turn on regulating the buy-to-let market as a result of the latest EU mortgage credit directive has disappointed many in the industry, who thought that the sector would be free from further interference. It comes as no surprise to learn that buy-to-let regulation […]