Posts Tagged ‘mortgage’
One Third of Property Purchases Fall Through
According to a recent survey by consumer organisation Which? it revealed that nearly a third of homebuyers saw their purchase collapse after their offer was accepted. The survey carried out was on 2000 homebuyers in February 2016, 28% said that following an offer being accepted the purchase fell through, 27% giving the reason as a…
Read MoreBig Drop in Lending to Landlords
In its recent press release by the Council of Mortgage Lenders (CML) they headlined that Home-owner house purchase lending was down in April. They mentioned that Home-owners borrowed £8.1bn for house purchase, down 40% month-on-month and 4% year-on-year. First-time buyers borrowed £3.9bn, down 11% on March but up 15% on April last year. Landlords borrowed £2.5bn, down…
Read MoreHow to get a mortgage if you have bad credit
If you have had a bit of a rocky credit history, getting a mortgage may seem like an impossible task. You don’t just need a decent income or a big deposit anymore. If you do have a less than perfect credit score, you are likely to be refused. But don’t fret, there are other ways…
Read MoreTips and tricks for selling your home
Maybe you want to start a new chapter of your life next year? Maybe you’re considering retiring to the countryside? Whatever the reason, you’ll want to ensure you get the maximum price for your home when you do put it on the market. This isn’t the easiest of tasks, but if you want to get…
Read MoreLimited edition Aldermore buy to let mortgage rates
Aldermore has announced this week it will now be launching a new, limited edition rate on its standard and specialised buy to let mortgage range. Available for loans from £250,000 up to £1 million, this new rate is now available to both individual borrowers and limited companies. The latest offer for buy to let landlords comes…
Read MoreHunting for a home? The first time buyers guide
As we all know climbing onto the property ladder can be a difficult task. It can be a very overwhelming experience because you can get lost in mountains of paperwork and sometimes you are unsure of what you are even doing. Using a guide to determine the process can really help you work out the…
Read MoreThe ESTAS Awards
Regional and National winners were announced at the 13th annual ESTAS ceremony on Friday 15th April at the Grosvenor House London. The mission at The ESTAS is to highlight the great service provided by different firms involved in the residential property sector. Here are some of the awards from the long list of Regional and…
Read MoreHomeLet Rental Index March 2016
HomeLet posted today the latest figures and research from the HomeLet Rental Index Main points: Greater London, the East Midlands and Scotland show fastest rent rises over three months to March; North West is the only area to decline Average rent in the UK (excluding Greater London) is now £755 per month – 4.9% higher…
Read MoreONS House Price Index Feb 2016
The Office for National Statistics (ONS) released today the house price index February 2016. Monthly output based on mortgage completions data from the Regulated Mortgage Survey. Main points. UK house prices increased by 7.6% in the year to February 2016, down from 7.9% in the year to January 2016. House price annual inflation was 8.2%…
Read MoreSignificant rise in Mortgage approvals in January
According to a news release out yesterday from the BBA, it mentions a significant rise in mortgage borrowing at the start of this year, the BBA is the UK’s leading association for the banking sector. The figures in the release showed. The number of mortgage approvals in January was 33% higher than a year ago,…
Read MoreNumbers of young tenants at a high
The continued rise in the cost of buying a home is pushing more and more young people to the Private Rented Sector (PRS) than ever before, according to newly published official figures. The Office for National Statistics (ONS) in its latest report on the housing sector states that only 9% of people aged between 20…
Read MoreFixed rate and remortgage lending.
According to a Latest News article from the Mortgage Advice Bureau their National Mortgage Index (NMI) shows more people are choosing to fix their mortgage rate. When compared to the number of people fixing last year, it shows that fixing is now 1.6% more popular than it was a year ago, when 93.1% decided to., there…
Read MoreGross lending up year on year.
The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £17.9 billion in January. This is 9% lower than December’s lending total of £19.8 billion, but 21% higher than the £14.8 billion lent in January last year. CML economist Mohammad Jamei reportedly said: “Lending started the year on a positive note. Our monthly…
Read MoreSelf-Certificated Mortgage
Who would have thought we would see the return of the self cerificated mortgage? They were banned by the regulator in 2014, well it appears a loophole has been found whereby a lender operating out of the Czech Republic can offer such mortgages. The regulator has already condemned the tactics of this new business, and…
Read MoreLandlords confidence in BTL sector at a low.
Speaking at the Building Societies Association’s (BSA) annual meet-up for mortgage professionals on tuesday 2nd February, Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA) reportedly told delegates that Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the…
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