July 10, 2014
20 June 2014 | By Steve Tolley Increasing house prices have seen stamp duty revenue rise by almost £1bn a year. The Times reports research from Lloyds Bank which show 83 per cent of homeowners now have to pay the levy compared with just 17 per cent in 1998. Lloyds has calculated the average homeowner […]
June 8, 2014
By Peter Dominiczak and Anita Singh Mortgage rates are poised to start rising sooner than expected, the outgoing deputy governor of the Bank of England warned yesterday. Charlie Bean said the base rate would soon start increasing in “baby steps” from its current level of 0.5 per cent to reach 3 per cent by 2017. […]
May 28, 2014
Lloyds limits mortgage to four times your salary: Britain’s biggest lender caps loans over £500,000 Britain’s biggest mortgage lender announced a major clampdown on huge home loans yesterday. The move from Lloyds comes amid fears that the market in the South-East is spiralling out of control – with London prices rising up to 21 times […]
May 22, 2014
14 May 2014 | By Bob Hunt, Chief Executive, Paradigm So here we are – Mortgage Market Review day on 26 April has been and gone and the earth did not spin off its access nor did mortgage systems collapse under the weight of all the changes they had to endure. In fact, given it […]
May 15, 2014
Despite the mortgage slowdown, average prices in England and Wales went up £1,200 in April, setting a new record according to the latest LSL Property Services monthly index. The average property value is now £263,113 climbing £54,000 – or 26 per cent – above the recession rock bottom of April 2009 when the nation was […]
8 May 2014 | By Steve Tolley The average number of houses being sold per chartered surveyor is at its highest since Feburary 2008 despite a continuing fall in the number of properties coming onto the market, according to the Royal Institution of Chartered Surveyors (RICS). In the latest quarterly residential market survey carried out […]
March 31, 2014
Gross lending was up an estimated 43 per cent year-on-year in February, according to new figures released today by the Council of Mortgage Lenders. Lending was at its highest February total since 2008 with £15.2bn advanced, up significantly on the £10.6bn advanced in the same month last year. However, lending was down 6 per cent […]
February 4, 2014
The number of completions through the Help to Buy equity loan scheme rocketed in the last quarter of 2013 after official figures revealed that more people completed in that period than in the first six months of the scheme. Between the scheme’s launch, in April, and the end of December last year, there had been […]
January 24, 2014
UK inflation dropped down to its 2% target at the end of 2013, according to the latest official figures. The Office of National Statistics says the consumer prices index rose by 2% in the year to December. This latest figure is marginally lower than the 2.1% recorded for November 2013. The fall to 2%, the Bank of […]
January 13, 2014
Gross lending rocketed 30% year-on-year in November, according to figures published today by the Council of Mortgage Lenders. There was an estimated £17bn of gross mortgage lending in November, compared with the £13bn lent in November last year. Lending dipped 4% from the £17.6bn lent in October. Earlier this month, the CML estimated gross lending […]
December 17, 2013
Mortgage lenders advanced more money in the third quarter than they have in any other quarter for five years, according to figures released today by the FCA. Gross advances of £49.5bn were recorded in Q3 2013 – the highest total since Q3 2008 – up 25% on the £41.6bn advanced in the same period last […]
December 9, 2013
Nationwide’s November house price index shows property values are up 0.6% on October but annually have now risen 6.5%. The price of an average property now stands at £174,566, up from £163,853 a year ago. Nationwide’s chief economist Robert Gardner says the pace of change annually is the strongest it has been since July 2010, […]