December 9, 2014
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 […]
October 20, 2014
This week, new figures were released suggesting that the UK housing market is booming, with data from the Office of National Statistics showing that house prices increased by 11.7% in the year to August 2014. However, a closer examination of the figures reveals that this increase was largely driven by a significant increase in property […]
October 14, 2014
After news last month that UK house prices were falling – an assessment which was backed up by a later survey by the Centre for Economics and Business Research (CEBR), which said it expected a 0.8% drop in 2015 – it may come as a surprise to hear that house prices are now expected to […]
October 13, 2014
Last week saw the Bank of England release the results of its new Credit Conditions Survey of banks and building societies. Interestingly, the publication had a number of interesting findings with regards to the mortgage market here in the UK. Mortgage supply squeezed Indeed, according to the BBC, evidence from lenders in the survey showed […]
September 25, 2014
18 September 2014 | By Paul Thomas Gross lending shot up 13 per cent year-on-year in August, according to figures published today by the Council of Mortgage Lenders. Lenders advanced £18.6bn in August, up from £16.4bn in the same month last year. On a monthly basis, lending was down 5 per cent from the £19.7bn […]
September 8, 2014
3 September 2014 | By Bob Hunt, Chief Executive, Paradigm There appears to be a surfeit of “analysis”, “data” and “research” at the moment all focused on ‘outlooks for the future’. All the press activity is focused on buyer/seller confidence, house price and interest rate anticipation, or giving mortgage availability. The summer can be the […]
August 29, 2014
29 August 2014 | By Devraj Ray House prices continued to rise in August, with average property prices up 11 per cent year-on-year. House prices have now risen for 16 months in a row, although the monthly rate of growth dipped between June and July from 11.8 per cent to 10.6 per cent. The latest […]