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…

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BBA 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…

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£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…

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Property 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…

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Better 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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