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, […]
November 29, 2013
Knight Frank is predicting that house prices will increase by 24% in the next five years. In its UK housing market forecast for Q4 2013, published today, Knight Frank is predicting house price growth of 7% both this year and again in 2014. It predicts price growth will slow to 4% in 2015 and 3% […]
November 15, 2013
House prices have risen 5.8% since October 2012, according to the latest house price index from Nationwide Building Society. This month, prices reached £173,678, meaning the average house value has risen over £9,500 in the past year. Prices are now at their highest level since April 2008 and are only 7% below their October 2007 […]
November 8, 2013
Gross mortgage lending for the third quarter of 2013 was 32% than the same time period in 2012, according to the Council Mortgage Lenders’ latest figures. The total for gross lending in the third quarter reached £49.6bn representing a 17.6% quarterly rise from the second quarter and the highest lending amount by quarter since the […]