Posts Tagged ‘first time buyers’
First Time Buyers take advantage of a quieter month in December says naea/propertymark
Latest naea/propertymark Housing Report – December 2017 headlines ‘First Time Buyers Capitalise on December Housing Slump’ The report found that the number of house hunters registered per estate agent branch fell by 20 per cent in December, and that in line with this, the rate of sales per branch also fell. First Time Buyers…
Read MoreStamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Read MoreIncreasing numbers of first-time buyers help build mortgage activity according to UK Finance
Latest UK Finance news – Update on lending – December 2017. UK Finance estimate gross mortgage lending in November was £23.1 billion, 9 per cent higher than a year earlier, with 60 per cent of all new lending provided by High Street banks. Commenting on the data, Managing Director of Commercial and Personal Finance Eric…
Read MoreNumber of loans for remortgaging have been at record levels over last year says UK Finance
Recent statistical report from UK Finance headlines ‘Remortgaging boost continued in October’ The report reveals that non-seasonally adjusted data released by UK Finance 12th October 2017 shows that the number and value of loans for remortgaging and for house purchases rose in October in comparison with a month ago and with the same period in…
Read MoreFlurry of remortgage activity in October according to UK Finance
UK Finance latest update on lending – November 2017 released end of last week for the month October 2017 reveals: Strength in remortgage activity amongst homeowners, alongside stronger first-time buyer numbers, are likely to have been the drivers of mortgage lending in October. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: ‘The anticipated…
Read MoreStamp duty abolished for First-Time Buyers in Autumn Budget.
Chancellor Philip Hammond delivered his Autumn Budget yesterday, the headline announcement which he left to last was that stamp duty will be abolished for all first-time buyer property purchases priced up to £300,000, with immediate effect. In the more expensive areas such as London stamp duty will be abolished on the first £300,000 of properties…
Read MoreRemortgaging was particularly strong in September says UK Finance
Latest press release from UK Finance 14th November 2017 headlined ‘Prospect of rate rise boosted remortgaging in September’. On a seasonally adjusted basis, lending to first-time buyers and movers in September was higher than in August, and there were year-on-year increases by volume and value. UK Finance data shows home buyers borrowed £38.2 billion in…
Read MoreMortgage lending for house purchase in July was lower than in the preceding month according to UK Finance
UK Finance data shows that mortgage lending for house purchase in July was lower than in the preceding month but higher than a year earlier. First-time buyer lending increased year-on-year. Remortgaging by home owners increased both month-on-month and year-on-year. Commenting on the data, UK Finance’s Head of Mortgages Policy June Deasy said: “Remortgaging strengthened in…
Read MoreThe national average price rising slightly slower than inflation says Home.co.uk
Home.co.uk today released their Asking Price Index report August 2017 headlined ‘The West and North Prosper while London and the South East Weaken’. Home prices dip by 0.1% month-on-month but remain up 3.3% year-on-year. Greater London prices drop 0.8% this month but are 0.4% higher than in August 2016. Whilst the overall picture is one…
Read MoreDemand rose while supply of available housing dropped in June according to naea / propertymark
naea / propertymark latest Monthly UK Housing Report – June 2017. Demand rose while the supply of available housing dropped in June. The number of properties sold to first-time buyers increased. Only two per cent of properties sold for more than the original asking price. Mark Hayward said: “In May, we saw a period of…
Read MoreFTB’s pay record prices to get on property ladder according to Halifax
Recent news release from Halifax headlines ‘First-time buyers paying record prices to get on to property laddder’. Average first-time buyer house price is now £207,693 which is highest on record, first-time buyer average house price in London is now close to £410,000. First-time buyers account for almost half of all mortgage financed house purchases. Martin…
Read MoreDecrease in house prices will be welcomed by first-time buyers says E.Surv
Figures released yesterday from the Nationwide showed a third consecutive monthly fall in house prices, the longest sustained drop since 2009, the drop has brought down the annual growth in prices to 2.1%, its lowest level in nearly four years. Comments from Richard Sexton, director at e.surv in reponse to the latest Nationwide HPI report:…
Read MoreCML estimate gross mortgage lending for April at £18.4 billion
The Council of Mortgage Lenders (CML) yesterday 25th May 2017 published news release headlined ‘Gross mortgage lending £18.4 billion in April.’ In their market commentary released the same day they headlined the following: Transactions continue to be driven by first-time buyers, as all other parts of the market remain weaker than this time last year.…
Read MoreLondon house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
Read MoreTight supply coupled with demand is pushing up prices in Scotland
The latest Your Move/Acadata Scottish House Price Index released last week on 21st April 2017 headlined ‘Prices heading north’. According to the latest Your Move Scottish House Price Index report, house prices in Scotland grew strongly in February with prices up by 1.4% and growing 3.3% annually. The report reveals: New peaks in five areas…
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