Posts Tagged ‘purchase’
Still alot to be done to help those struggling to buy their first home (NAEA Propertymark)
News release 21st February 2018 from NAEA Propertymark headlined ‘Ways to help first time buyers enter the housing market’ Although recent figures show the number of first-time buyers (FTBs) has reached its highest level in a decade, there’s still a lot to be done to help those who are struggling to purchase their first home.…
Read MoreOne 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 MoreBBA figures reports rise in re-mortgaging
According to the latest BBA figures, mortgage approvals in September rose by 24% compared to last year, with remortgaging up 40% and house purchase up 14%. First-time buyers continue to find good deals available while existing borrowers are switching to lower fixed rates to control their mortgage costs. Gross mortgage borrowing in September was £12.1…
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 MoreProperty purchase stats for over 55’s
Research by Insurers Prudential says that its figures suggest that involvement by householders currently over the age of 55 will account for more than three million property transactions, worth a total of more than £775 billion. Investing in property remains popular with the over 55’s says the insurer, the average maximum purchase price for their…
Read MoreBetter returns with HMO buy-to-let
When it comes to calculating the return on a BTL investment, the HMO buy-to-let far outweighs that of the standard buy-to-let, analysis from Platinum Property Partners suggests that even if the interest rate were to increase by 3% a HMO investment would still be profitable. Steve Bolton, Chairman of Platinum Property Partners, reportedly said: “Not…
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