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08
NOV
2016

Second charge lending defies Brexit fears with 6% rise

The second charge market “has taken post-Brexit uncertainty in its stride”, with new business volumes in the traditionally quieter August matching July and 6% higher than the same time last year, according to Enterprise Finance research. Its report shows that in July,...
03
NOV
2016

Annual house price growth slows to 4.6%: Nationwide

After fifteen successive monthly increases, UK house prices were unchanged in October, according to the latest Nationwide house price index. As a result, the annual rate of house price growth slowed to 4.6%, from 5.3% in September. Robert Gardner, Nationwide’s Chief...
02
NOV
2016

NIESR: inflation to hit 4% in 2017

The National Institute of Economic and Social Research expects CPI inflation to “accelerate rapidly” to reach 4% in late 2017 and remain above the Bank of England’s 2% target until 2020. The revised figure is higher than the 3% forecast in August due to...
19
OCT
2016

Mortgage costs fall by up to 5% in Q3

Most mainstream mortgage products have seen further cost reductions in the past three months, according to Mortgage Brain analysis. With a current rate of 1.89% (as of 1st October 2016), the cost of a three year fixed mortgage with a 60% LTV is now 5% cheaper than it was at the...
18
OCT
2016

Guiding landlords through the tax relief changes

TMW has developed a handy new guide to the tax relief changes for landlords for you to consider. The new guide can help you understand if you’ll be impacted by the changes being phased in from 6 April 2017. Also see the calculator we published on 21 September – click...
13
OCT
2016

Home buyers ‘back after Brexit jitters’

Demand among home buyers has seen a modest recovery following “post-referendum jitters”, according to surveyors. Buyer demand rose for the first time in seven months in September, the Royal Institution of Chartered Surveyors (Rics) said. It had dived in June and July...
13
OCT
2016

August sees promising mortgage lending: CML

According to figures released by the Council of Mortgage Lenders this morning, homeowners borrowed £12.2bn in August – up 11% year-on-year. This came to 66,000 loans in total, up 13% compared to July and 9% compared to August 2015. The average amount borrowed by home movers...
12
OCT
2016

Childcare conundrum for mortgage applicants

Mortgage seekers are asking family and friends to look after their children to reduce their outgoings while applying for a loan, a survey has suggested. Childcare is among the costs considered by mortgage providers when deciding whether an applicant should be given a home loan....
10
OCT
2016

Age gap among first-time buyers sets in, the Halifax says

A gap between the average age of first-time buyers in different parts of the UK has set in despite property price growth slowing, a lender has said. The Halifax said that UK property prices rose by 5.8% in September compared with a year ago. This offers some cheer to first-timers...
09
OCT
2016

Interest-only borrowers face £6.1bn repayment shortfall

27% of all interest-only mortgage holders may not be able to pay back their mortgage, with the expected average unsettled debt estimated to be £21,000, according to research from OneFamily. More than a million interest-only mortgages will mature over the next 10 years, meaning...
07
OCT
2016

House price growth plateaus: Halifax

House price growth has cooled, according to the latest Halifax House Price Index. House prices in the three months to September were 0.1% lower than in the previous three months (April-June). This compared with a 0.7% rise in August and is the lowest quarterly rate since November...
21
SEP
2016

Buy to Let Tax Change Calculator

Tax relief changes for landlords are being phased in from April next year and could impact landlords’ profits. There’s an easy way to understand if you are affected – by using TMW’s simple calculator. Click the image to download tax relief calculator.
11
SEP
2016

BTL Landlords’ Confidence Stabilising

TMW has issued its Buy-to-Let Barometer for Q2 2016, which reveals that landlords’ confidence appears to be stabilising. It also indicates that: 43% see the Brexit vote as negative for the private rental sector. 61% believe that last year’s Budget will decrease their...
03
MAY
2016

‘Bank of Mum and Dad’ to lend £5bn in 2016

The ‘Bank of Mum and Dad’ is on track to lend over £5 billion in 2016, making it the equivalent of a top 10 mortgage lender in the UK. The research from Legal & General and Cebr found that family and friends will be involved in 25% of all property transactions...
16
FEB
2016

BTL landlords’ confidence continues to decline

TMW has issued its Buy-to-Let Barometer for Q4 2015, which reveals that confidence is at its lowest over the past 8 years. It also indicates that: 13% intend to apply for new BTL mortgages before the Stamp Duty increases impact 41% are considering moving their BTL portfolios into...
15
FEB
2016

Help to Buy creates 43% homebuilding surge

New research has found that 43% of new homes built under the Help to Buy: equity loan scheme since 2013 would have not been built without introduction of the scheme. A report published today also found that 82% of buyers under Help to Buy: equity loan would not have been able to...
05
JAN
2016

Newsletter – January 2016

January newsletter is now available. Click here… To subscribe for future issues, click here…
05
JAN
2016

Ten buyers for each property

House hunters must be prepared to battle it out as latest figures show there are 10 buyers for each property for sale. The gap between the number of buyers and the number of properties for sale is growing and is fuelling the housing crisis, according to the National Association...
04
JAN
2016

Government to fast-track affordable home building

David Cameron will today announce government plans to directly commission thousands of new affordable homes on publicly owned land. The first wave of up to 13,000 will start on 4 sites outside of London in 2016 – up to 40% of which will be affordable ‘starter’ homes. The...
30
DEC
2015

House price growth picks up as 2015 draws to a close

UK house prices increased by 0.8% in December, pushing the annual pace of house price growth to 4.5%, from 3.7% in November, according to the latest Nationwide house price index. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house prices...
12
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