Posts Tagged ‘mortgage’
WEEKLY NEWS ROUNDUP – 14/01/2022
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Online agent Strike gets £11m more cash to burn OnTheMarket deepens partnership with Sprift prospecting tool SmartMail Where is mortgage lending going to end up? There’s a new sheriff in town, the great leveller Michael Gove Online agent Strike…
Read MoreUK Finance response to Treasury Minister
UK Finance has responded to a letter from Economic Secretary to the Treasury John Glen MP to the Treasury Committee on ‘mortgage prisoners’, which states that “exploring solutions” for customers with inactive lenders is a top priority. Jackie Bennett, Director of Mortgages at UK Finance, commented: “We strongly support the Government’s commitment to explore potential solutions for…
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 MoreBank of Scotland launches mortgage gift site
Bank of Scotland is offering first-time buyers, home movers and those who switch from another lender £500 to spend on a new online Mortgage Gift site as part of its latest mortgage campaign. Graham Blair, mortgage director at Bank of Scotland, said: “We are always thinking of new ways to make life easier for our…
Read MoreStrong growth in remortgaging in April 2018 according to UK Finance
Latest UK Finance Mortgage Trends Update headlines ‘Remortgaging bounces back as borrowers put their house in order.’ UK Finance’s latest Mortgage Trends Update reveals there was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36 per cent and buy-to-let remortgages up 32.4 per cent compared to the same month a year…
Read MoreNumber of homes available for private rent falls in England
Private sector tenants face being squeezed as the number of homes to rent falls says the RLA in a recent press release 24th May 2018. The RLA states: According to data published today, the number of homes for private rent in England fell by 46,000 between March 2016 and March 2017. This was the first…
Read MoreMortgage arrears at lowest levels since records began according to UK Finance.
Latest UK Finance Mortgage Arrears and Possessions Update released yesterday 10th May 2018 for the first quarter of 2018 headlines ‘Mortgage arrears at record low in Q1 2018.’ The update revealed: 1,200 homeowner mortgaged properties were taken into possession in the first quarter of 2018, unchanged from the same quarter of the previous year. Jackie…
Read MoreHouse purchases by first-time buyers and home movers reaches highest levels for February since 2007.
UK Finance’s latest mortgage trends update reveals that total homeowner house purchases, which combine both home movers and first-time buyers, reached 50,000, the highest level for February since 2007. Mortgage lending for first-time buyers, home movers and remortgagors increased in February 2018 compared to the previous year according to UK Finance. Commenting on the data,…
Read MoreSantander confirms a three year extension to its valuation and risk services partnership with Hometrack
In a latest news release from ZPG plc dated 15th March 2018 it reveals: Santander has confirmed a three year extension to its valuation and risk services partnership with Hometrack, covering collateral risk management solutions including AVM modelling and ongoing portfolio valuations. The latest licence agreement continues a fruitful 11 year relationship between the two…
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 MoreInterest-only mortgage holders at risk of losing their homes.
Recent press release from the Financial Conduct Authority (FCA) published 30th January 2018 headlines ‘FCA urges action on interest-only mortgages.’ Home owners with interest-only mortgages are being urged to contact their lenders to discuss their repayment options , the FCA found that many people have not talked to their lender on this matter. The City…
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 MoreA lack of understanding by FTB’s around house buying process and the associated costs says Aldermore
According to the latest research from Aldermore’s Q3 2017 First Time Buyer Index, they mention that there is a real lack of understanding around the house buying process and the associated costs amongst those looking to buy their first home. Charles McDowell, Commercial Director, Mortgages: “It is clear there is a divergence between perception and…
Read MoreAverage UK house price growth expected to slow over next 5 years says Savills
A recent research report from Savills the International Real Estate Adviser reveals that: Average UK house price growth is expected to slow to 14 per cent over the next five years, but there will be marked differences between and within regions. In their key numbers section they mention, 2018-2022 average UK house price growth forecast…
Read MoreMortgage approvals for house purchase fell slightly in September according to BoE
Bank of England (BoE) today released Money and Credit statistical report – September 2017. Lending to Individuals: Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average. The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September,…
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