Posts Tagged ‘Buy-to-Let’
Mortgage Market softens according to UK Finance
UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate…
Read MoreStrongest remortgaging market in a decade according to UK Finance
Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…
Read MoreRents in UK expected to continue to rise over next 5 years according to RICS
The latest RICS UK Residential Market Survey – July 2018 released today headlines ‘Rents to continue to rise, as supply of new property to let drops again’. The survey highlights the continued reduction of new property being put on the market in the lettings sector with 22% more respondents seeing a fall rather than rise…
Read MorePre-Summer boost for mortgage market according to UK Finance
Latest UK Finance Mortgage Trends Update for May 2018 headlines ‘Mortgage Market Sees Pre-Summer As Remortgaging Continues Strong Upward Trend’. The latest UK Finance Mortgage Trends Update reveals there were 32,200 new first-time buyer mortgages completed in the month, 31,100 new homemover mortgages completed in the month, 36,000 new homeowner remortgages completed in the month, …
Read MoreAn increase in total gross advances by 3.3% to £62.4 billion compared to last year according to BoE report.
Bank of England (BoE) – Mortgage Lenders and Administrators Statistics -2018 Q1 published 12th June 2018. Compared to last year, there has been an increase in total gross advances by 3.3% to £62.4 billion. Comparing gross advances to Q4 2017 however, there has been a decrease of 9.6%. The value of new commitments was £61.1…
Read MoreSmall increase in lending to first-time buyers in March according to UK Finance
Latest UK Finance Mortgage Trends Update for March 2018 headlined ‘Remortgaging Market Softens In March After Busy Start To The Year.’ UK Finance’s Mortgage Trends Update for March 2018 has revealed a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the…
Read MoreRemortgages hit nine year high in January 2018 according to UK Finance
UK Finance’s latest mortgage trends update released 14th March 2018 reveals, the number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Read MoreBuy-to-Let lending decreased in Q4 2017 according to BOE
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4 New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a…
Read MoreBubbly London prices slowly deflating according to Home.co.uk
The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’ The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall. Doug Shepherd, Dircetor at Home.co.uk said: “Ultra-low interest rates have…
Read MoreWeaker figures for mortgage lending in December 2017 according to UK Finance
Latest news release from UK Finance headlines ‘First-time buyers in 2017 reach decade-high but market cools in December’ UK Finance states: Mortgage lending for first-time buyers, home movers and buy to let purchases all fell in December 2017 compared to the previous year, UK Finance’s latest mortgage trends update reveals. However, 2017 overall saw the…
Read MoreRental demand outstrips supply in many areas according to Your Move
Latest Your Move Buy-to-Let Index report September 2017 for England and Wales headlines ‘Rents rise across much of England and Wales’. The report reveals: On a non-seasonally adjusted basis, the average rent charged to tenants was £904 in August, many areas see demand outstrip supply as tenant numbers rise. Richard Waind, Director, Your Move, comments:…
Read MoreRental prices are increasing across much of Scotland says Your Move
Latest Your Move Buy-to-Let Index report September 2017 for Scotland headlines ‘Scottish rents edge up in August’. The report reveals: Demand for rental properties in Scotland continues to grow, typical Scottish rent stands at £579 in August, up 0.7% on July. Brian Moran, Lettings Director, Your Move Scotland comments: “Rental prices are increasing across much of…
Read MoreNAEA Propertymark submits it’s views to the Treasury ahead of the Autumn Budget 2017
NAEA Propertymark has submitted its views to the Treasury ahead of the Autumn Budget 2017, calling on the Government to exempt first-time buyers from paying stamp duty and give incentives to downsizers in order to encourage them to move. NAEA Propertymark’s monthly Housing Report shows that the proportion of sales made to first-time buyers fell…
Read MoreIreland tops the EU league for Buy-to-Let Investments.
According to new research by WorldFirst, Ireland is once again the top European location for buy-to-let investments. This comes as UK yields fall to 4% putting the country in the bottom 5 for buy-to-let investment returns in Europe. UK landlords have seen average yields plummet 19% over the past year following a raft of tax…
Read MoreNumber of BTL mortgages available now at 10 year high
The number of buy-to-let mortgages available has risen to its highest level in almost 10 years according to figures taken from the latest Moneyfacts UK Mortgage Trends Treasury Report. The latest Moneyfacts UK Mortgage Trends Treasury Report, due to be published later this week, show that the number of buy-to-let (BTL) products has increased by…
Read More