The Buy To Let Market Goes From Strength to Strength!
It now appears that the private rented sector looks likely to be the longer term tenure in which more households may live in the future.
The rental market in the UK is going from strength to strength at the moment as more tenants continue to move towards the sector rather than buying their own homes. Read more
Home Repossessions Fall Again!
Data shows that repossession figures in the recent financial crisis peaked in 2009 when there were 48,900 homes seized over the course of the year.
In a Fitch, a leading provider of credit ratings, commentary and research, recent residential property value analysis report it said that 87 per cent of homes that have been repossessed since the start of the financial crisis have been sold at a loss. Read more
More Lenders Working With Brokers!
It seems that since the financial crash back in 2008 the business practices of brokers have come under scrutiny and the question of whether they are acting in the customers’ best interests has been raised.
However, due to the mortgage market’s current resurgence it has prompted a 50 per cent of intermediary lenders to increase the number of brokers they work with during 2013, according to research by the Intermediary Mortgage Lenders Association. Read more
Fixed Rates Fall Below 1.5%.
Due to current improvements in survey data, official data and the housing market, the bank of England’s governor Mark Carney has stated that interest rates will remain at their record low of 0.5 per cent for at least three more years.
This particular news will no doubt be god news for most home owners but it will mean more lean times for savers. Read more
More Lenders Announce Yet More Rate Cuts.
Official figures shows lending for house buying has surged to a five year high.
Research has shown that the choice of mortgage products for home buyers in the UK have surged and the latest round of offers from lenders see rates cuts and fees reduced. Read more
Yorkshire Building Society Reduces the Rate on Two Year Fix Mortgage.
It seems that currently Competition in the two and five year fixed rate space is fierce as lenders bid to out do each others’ headline rates due to lenders having more access to cheap mortgage funding thanks to the funding for lending scheme.
The latest house purchase and mortgage figures released this week show there has been a real increase in activity in the past few months. Read more
Chelsea Building Society Drop its Rates.
The Chelsea building society is part of one of the largest Building Societies in the UK, the Yorkshire Building Society which is the second largest building society in the UK, following the merger on 1st April 2010.
Due to the merger with the Yorkshire Building Society consumers can continue to enjoy all the advantages of Chelsea’s high quality personal service, not to mention a range of accounts designed to suit their needs, behind the scenes they will benefit from the added support of an organisation with assets of over £30 billion. Read more
First Time Buyers Return to the Market.
It seems that first time home buyers are rushing back to the market as confidence grows and mortgages become increasingly available.
The latest housing data shows confidence and activity growing strongly at the bottom of the property ladder. Read more
Leeds Building Society Increases Lending!
Leeds Building Society is one of the UK’s top ten building societies. The Society is owned by its members and intends to remain so.
It seems that have continued to demonstrate the benefits of independent mutuality by offering very competitive savings and mortgage products and a range of other services to meet the needs of all of their members. Read more
Should Investors Look at UK Property Instead of Shares?
Current news suggests that the outlook for property has improved across the country.
Research reveals that house prices are rising once again across the whole of the UK and therefore we may be seeing a little more than just the ubiquitous green shoots in the property market. Read more