Information about changes in the mortgage market and how this may affect your house purchase or application for mortgages.
Renting or Buying…the Great Debate Continues!
Overall it appears we are a nation that is still in love with home ownership.
However, a study published by insurance firm LV showed that the aspiration to home ownership is no longer as strong as it once was. Read more
Are More People Buy Holiday Homes?
It seems that a holiday home is an alluring dream, prices are lower and skies are bluer.
5.4 million Britons are considering buying abroad, according to HSBC, even more than before the financial crisis. Read more
The Bank of Mum and Dad Continues!
High house prices and the size of deposits have priced out more and more people, who are then forced into a rental market that is completely overheated.
It appears then that one of the oldest lending institutions is the Bank of Mum and Dad but its importance appears to be reaching unprecedented levels in recent times, especially when it comes to aiding home ownership especially since the financial crisis. Read more
Are First Time Buyers Amassing Debt Again?
Recent figures have revealed that the number of first time buyers in the first half of 2013 is 19 per cent higher when compared to the same period last year.
120,000 first time buyers snapped up a property in the first six months of the year, up from a figure of 101,000 recorded in 2012, and the highest half-year figures recorded since before the start of the financial crisis. Read more
Strong Lending by Mutuals and Building Societies.
Building societies have often been an overlooked option when looking for a mortgage.
Unlike the high street banks instead of being owned by shareholders, these mutual savings and loans organisations are owned by their members. In plain English, building societies are owned by their savers and borrowers. Read more
Homes in the South are Becoming Unaffordable!
New data from the Office of National Statistics (ONS) has showed that house prices are rising faster than the rate of inflation.
It seems that buyers are still facing a marked north south divide in terms of affordability. 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
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
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