Posts Tagged ‘mortgage’
Foxtons Group ups dividend as revenue grows
FOXTONS GROUP PLC today announces Trading Update and Dividend Announcement Foxtons plc, London’s leading estate agency, issues its trading update for the year ended 31 December 2015 ahead of its annual audited results announcement on 8 March 2016. The Group achieved a solid performance during 2015 with revenue growth across all business segments. Group turnover…
Read MoreInterest rates to continue at low levels
Last month Mark Carney, Governor of the Bank of England said the global financial backdrop was ‘unforgiving’ as he insisted that ‘now is not yet the time’ to raise interest rates in the UK. As it publishes new economic forecasts with concern growing about a new global slowdown and an unsettling referendum on Britain’s place…
Read MoreBTL adds to UK property price growth
Some would say that the UK property boom is now bigger than that of the US in 2007 and we all know what happened there, the bubble burst. Mark Carney, Governor of the Bank of England reiterated his concerns about the growth of the Buy-to-Let (BTL) mortgage when speaking to a panel of MP’s on…
Read MoreHouse purchase lending up year on year last November.
According to a recent report by the Council of Mortgage Lenders (CML) house purchase lending was up 18% year on year last November. Home-owner house purchase lending totalled £10.7bn in November, down 9% on October but up 18% on November 2014. First-time buyers borrowed £4.2bn for home-owner house purchase, down 9% on October but up 14%…
Read MoreContinued assault on Buy-to-Let
The continued assault on buy-to-let is now having its affect, landlords are already feeling somewhat deflated as they question the viability of their business and are now considering their positions regarding their buy-to-let investments, the last attack on landlords was the increase in stamp duty to be introduced next April for buy-to-let and second homes.…
Read MoreLondon homes require highest average deposit.
It is really no surprise to learn that the average London Property requires the largest deposit from buyers as a down payment to go with their mortgage in the UK. According to new figures released by Mortgage Broker Today, deposits in London rose 5% in October compared with September. Buyers now need on average £179,248…
Read MoreIncrease in Buy-to-Let mortgages.
Competion between lenders has increased due to a bouyant buy-to-let market, meaning better deals and lower rates on offer, according to Moneyfacts. Charlotte Nelson, finance expert at Moneyfacts.co.uk, reportedly said: “The buy-to-let market is clearly booming; with rents at a high and buy-to-let mortgage rates dropping to historic lows, there is great potential for prospective…
Read MoreTime to switch off foreign investment in the UK housing market?
This story has understandably slipped under the radar in the light of the terrorist attacks in Paris. http://www.bbc.co.uk/news/business-34806370 The government has sold off £13bn of former Northern Rock mortgages that taxpayers acquired during the financial crisis. It’s one of the final pieces of the jigsaw from the bailout of the failing banks during the credit…
Read MoreDecline in mortgage approvals for September
Official figures released yesterday show mortgage approvals declined for the first time in four months in September. According to data published by the Bank of England, mortgage approvals for house purchases declined from 70,664 to 68,874 last month, compared with analysts’ expectations for a 72,500 reading. Overall lending rose at its fastest rate since December…
Read MoreAdditional powers to control BTL mortgage market
Mark Carney the Governor of The Bank of England (BOE) has for some time now been making the point that the UK buy-to-let mortage market poses a threat to Britain’s economic recovery, at present certain controls exist for the residential mortgage market that do not for the Buy-To-Let (BTL) mortgage market. The Governor of the…
Read MoreAugust house purchase lending….
According to the Council of Mortgage Lenders August house purchase lending was down 9% on July, but up 2% on last year. First-time buyers, home movers, home-owner remortgage and buy-to-let all saw a monthly decline in lending in August but an uptick (significant for buy-to-let) compared to August 2014. This is a normal seasonal trend,…
Read MoreLord Sugar critical of Jeremy Corbyn
Lord Sugar, speaking to the Evening Standard reportedly said he fears that Jeremy Corbyn the Labour Leader could severely damage London’s housing market if he ever gets into Downing Street. He was actually quoted as saying “He and his policies would be the thing that shuts the whole thing down and that if Corbyn were…
Read More£20bn mortgage lending in August
According to the Council of Mortgage Lenders (CML) they reported £20bn of mortgage deals went through in August, this was slightly down on July’s lending total of £21.7 billion, but 12 per cent higher than August last year, when loans totalling £17.8 billion went through. A mortgage price war between lenders, with many slashing the…
Read MoreHalifax HPI for August
Halifax House Price Index figures for the month of August released today show that house prices for the UK in the 3 months to August were 9% higher than in the 3 months a year earlier, lower than June at 9.6%, but higher than last month at 7.8%, house prices increased by 2.7% between July…
Read MorePrisoners to their mortgage
Many interest only mortgages are fast reaching the end of their term, those mortgage holders who have not made plans as to how the original sum borrowed will be paid off could face repossession at the worst, nearly a million people are in such a situation because they have interest-only mortgages they just cannot pay…
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