Posts Tagged ‘mortgage’
City house price inflation down from a year ago according to Hometrack
The Hometrack UK Cities House Price Index – September 2017 report released today reveals: City house price inflation is running at 4.9% per annum down from 6% a year ago. Quarterly growth rate at a 14-month high supported by increased sales volumes. It states: The annual rate of price inflation in London has stabilised at…
Read MoreZPG announces that Hometrack has been appointed by Foundation Home Loans
A recent press release from ZPG announces that Hometrack has been appointed by Foundation Home Loans to provide Automated Valuation Model (AVM) services for its portfolio of Buy to Let (BTL) clients. Jeff Knight, Director of Marketing at Foundation Home Loans, said: “The recent changes within the market are a good thing and provide opportunities…
Read MoreMortgage activity picked up in August according to UK Finance
The latest UK Finance data published 12th October 2017 shows that lending for house purchase was higher in August 2017 than in both the preceding month and a year earlier. On a seasonally adjusted basis, borrowing by first-time buyers and movers increased by both value and volume, according to UK Finance. First-time buyers borrowed £5…
Read MoreJoint report on UK and Irish Housing Markets:
A joint research report, recently published by UK Finance and the Banking and Payments Federation Ireland (BPFI). The report, UK and Irish Housing Markets: A First Time Buyer Perspective. Themes explored in the report are: First-time buyers in both the UK and Ireland are suffering similar effects of the financial crisis, but in the last…
Read MoreSteady levels of mortgage activity continued into July says UK Finance
Latest news release from UK Finance 25th August 2017- High Street Banking and Gross Mortgage Lending data July 2017 UK Finance estimates that overall gross mortgage lending in July was £23.0 billion. Accounting for seasonal factors, this figure is above the average lending figures seen over the past year. First-time buyers and remortgage activity on…
Read MoreEspecially high number of loans for first time buyers in June according to UK Finance
News release published by UK Finance yesterday 15th August 2017 headlined ‘First-time buyer activity continues to grow in June’ reveals, June mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a seasonally adjusted basis, lending to first-time buyers and home movers remained relatively unchanged month-on-month, but there were…
Read MoreMortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Read MoreParagon Group reports Buy-to-let lending reaches £1.0 billion for first nine months of the year
The Paragon Group of Companies, the parent company of Paragon Mortgages, yesterday 26th July 2017 released its Q3 trading update for the nine months to 30 June 2017. Buy-to-let lending reaches £1.0 billion for first nine months of the year Professional landlords and complex portfolios now 70% of mortgage applications PRA Phase 2 changes for…
Read MoreHouse prices have flattened over last quarter according to Halifax
The Halifax House Price Index report June 2017 released today headlines ‘Annual house price growth eases to 2.6%’. House prices in the three months to June were 2.6% higher than in the same period of 2016. House prices in the three months to June 2017 were 0.1% lower than in the three months to March…
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 MoreGross mortgage lending reached £20.1 billion in May estimates the CML
In a press release yesterday 22nd June: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £20.1 billion in May. This is a 12% increase on both April last month and on May last year, in which £17.9 billion was advanced. The CML’s buy-to-let forecast for 2017 and 2018 has been revised…
Read MoreWhy You Should Seriously Consider Building Your Dream Home – A Guide to Self-Building and Self Build Mortgages
Why Build It Yourself? Building your own home is becoming an increasingly popular and viable option for people as the housing market remains saturated and house prices continue to soar. TV shows like Grand Designs and The Restoration Man are proving that ordinary people are able to create their own dream home, and that ideas…
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 MoreGross mortgage borrowing in February higher than same month last year according to BBA
The BBA today released their February 2017 figures for the high street banks. It states: Gross mortgage borrowing of £13.4 billion in February was 4.6% higher than in the same month last year. After allowing for repayments, February’s net mortgage borrowing was 2.5% higher than in February 2016. House purchase approval numbers of 42,613 were…
Read MoreSubstantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
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