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 […]
November 1, 2013
There were 69,140 house sales in July, up 17% from 59,141 in July 2012, according to figures published today by the Land Registry. The number of properties sold in England and Wales for over £1m in July 2013 was 1,143, up from 852 a year before. Average house prices in England and Wales grew by […]
October 22, 2013
The volume of mortgages taken out by first-time buyers in August was up by 33% from twelve months previously, according to data released today by the Council of Mortgage Lenders. A total of 27,100 loans were advanced to first-time buyers in August 2013, up from just over 20,000 last year. This also represents a seven […]
October 15, 2013
House prices rose 6.2% year-on-year in the third quarter, according to the latest Halifax house price index. Prices also rose 2.1% compared to the second quarter of 2013, leaving the average house price in the three months to September at £170,733. This figure is still 14% short of the August 2007 peak, despite eight consecutive […]
October 4, 2013
Mortgage approvals in August were up 32% year-on-year at £9.3bn according to the latest figures from the British Bankers’ Association. The seasonally adjusted figures show approvals rose 2% from July’s £9.1bn and were up 32% on August 2012’s £7bn. The monthly tally also marks a four-year high for approvals – the last time there were […]
September 27, 2013
As the market has improved one particular trend has come to light, that is that more and more homeowners are choosing to enter the landlord arena by using Let to Buy. Let to Buy is often thought of as a product for those homeowners who cannot sell their home (as a result of the economic […]
September 20, 2013
Lenders advanced £2bn to landlords in July, an 11% increase on the £1.8bn advanced in June, according to new monthly buy-to-let data published by the Council of Mortgage Lenders. The £2bn advanced in July is made up of £900m for house purchase – with the number of loans totaling 7,600 loans – and £1.1bn in […]