Posts Tagged ‘mortgage rates’
First-time buyers now driving housing activity according to Lloyds Bank Homemover review
The number of people moving home has dipped in the first half of the year and now account for only around half (49%) of the housing market – the first time homemover numbers have fallen behind first-time buyers since 1995, according to the latest Lloyds Bank Homemover Review. The Homemover review reveals that there were…
Read MoreIt’s positive that lending to first time buyers has continued to increase throughout 2017 comments Richard Sexton
Comment from Richard Sexton, director at e.surv, following the latest CML monthly lending figures. “It’s positive that lending to first time buyers has continued to increase throughout 2017. We’re seeing similar trends in our Mortgage Monitor data and believe this is largely due to record low mortgage rates on offer as well as the increased…
Read MoreAverage House Price Lower than March Peak according to Your Move
According to the latest Your Move England & Wales House Price Index, prices are starting to cool ahead of the summer as a North-South divide re-emerges. New Analysis for June shows that the average house price is £301,114, down 0.2% on May. House prices have continued the downward trend and are now on average £2,358…
Read MoreVirtually no change in house prices over past three months says Halifax.
Halifax House Price Index (HPI) April 2017 released today headlines ‘Annual house price growth unchanged at 3.8%’. The report states: House prices fell by 0.1% between March and April. There has been virtually no change in prices over the past three months. House prices in the three months to April were 3.8% higher than in…
Read MoreBrexit fears result in Buy-to-let mortgage rates dropping
Lenders have slashed their buy-to-let mortgage rates and increased the amount they are willing to lend as a result of the Brexit result. Many of the biggest lenders have dropped their rates in an attempt to draw in new borrowers who may be looking to remortgage or purchase new properties. Following the rise in stamp…
Read MoreHalifax HPI for November
Halifax House price Index released today. Quarterly house price growth eases to 1.4% House prices in the latest three months (September-November) were 1.4% higher than in the preceding three months. Prices in the three months to November were 9.0% higher than in the same three months a year earlier. Commenting, Martin Ellis, Halifax housing economist,…
Read MoreGood time to buy?
Confidence has certainly increased since the election, the number of people expecting to make a good home purchase in the next year increased in April compared to the previous month according to the latest Halifax data. The factors that contribute to such improving optimism are the record low mortgage rates along with various government introduced…
Read MoreNew mortgage rate low
A new low for mortgage rates has been announced by the HSBC offering deals at 1.99% on a five year fixed deal, which is just about the expected duration of the next parliament, on the face of it this appears an amazing deal, however borrowers will have to put down a 40% deposit. This low…
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