ZPG 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…

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Mortgage 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…

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Joint 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…

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Steady 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…

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Especially 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…

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Mortgage 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…

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FTB’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…

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