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24
MAR
2020

Mortgage Valuations

Yesterday’s Government announcement had an immediate impact on mortgage valuers with many electing to cancel appointments for the foreseeable future. For the majority of mainstream lenders this doesn’t have a great impact with the majority using desk based research and auto...
16
JAN
2020

Election boosts housing market confidence, say RICS

Housing market confidence has improved significantly since the General Election result in December, according to the Royal Institution of Chartered Surveyors’ latest index. A number of key measures turned positive for the first time in months, the sentiment survey of professional...
15
JAN
2020

UK inflation rate falls to three-year low

The UK’s inflation rate fell to its lowest for more than three years in December, official figures show. The Consumer Prices Index rate dropped to 1.3% last month, down from 1.5% in November, the Office for National Statistics (ONS) said. A fall in the price of...
08
JAN
2020

Lenders cut mortgage rates to attract buyers with small deposits

From The Times Homebuyers with small deposits enjoyed bigger cuts in mortgage interest rates than any other group of borrowers over the past year as lenders competed to snap up first-time buyers. The average two-year fixed-rate mortgage for a borrower with a 5 per cent deposit...
10
DEC
2019

November sees annual house price growth rise to 2.1%

Figures for November’s housing market released by Halifax this morning have revealed the biggest monthly rise in house prices since February with average prices 2.1% higher than the same month a year earlier. According to the lender, on a monthly basis, house prices rose by...
28
NOV
2019

House prices see 0.5% uplift in November: Nationwide

UK house prices saw a 0.5% monthly rise in November, while annual growth remained subdued at 0.8%, according to the latest Nationwide house price index. Robert Gardner, Nationwide’s chief economist, said: “Annual house price growth remained below 1% for the 12th month in a...
18
NOV
2019

Buy to Let Barometer

Following on from its recently shared Rental Income and Tenant Demand reports, The Mortgage Works reveal the next from its series of quarterly reports with further insight taken from the latest Landlord Panel research. What percentage of landlords are looking to buy or sell...
15
NOV
2019

The number of mortgages in arrears drops

The proportion of homeowner mortgages in arrears has fallen to remain at historically low levels, arrears and possessions data from UK Finance has showed. There were 71,590 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in Q3, down 9% year-on-year....
14
NOV
2019

Average house prices up 1.3% in the year to September

Average house prices increased by 1.3% in the 12 months to September, the ONS UK House Price Index has found. House prices rose saw a monthly increase of 0.2% between August and September, with the average house price reaching £234,000 in September. At a regional level the North...
13
NOV
2019

Buy-to-Let – Rental Income Analysis Report

The Mortgage Works new Rental Income Analysis Report takes a closer look at rental trends, landlords’ future rental intentions and more: Rental Income & Tenant Demand Report
05
NOV
2019

Mortgages: 40-year terms are becoming the norm – but watch out

First-time buyers could end up paying a lot more – and not be mortgage-free until their 70s. Mortgages with a maximum term of 40 years are now becoming the norm, according to new data this week. However, with the average age of a first-time buyer standing at 32, that raises the...
02
NOV
2019

Slowly does it

Annual house price growth remained below 1% for the 11th month in a row in October, at 0.4%. Average prices rose by around £800 over the last 12 months, a significant slowing compared with recent years – for example, in the same period to October 2016, prices increased by £9,100....
02
NOV
2019

FCA Proposes New Rules to Help ‘Mortgage Prisoners’ Refinance Homes.

The FCA has set out new rules through its policy statement PS19-27, that are designed to remove the barriers that prevent some mortgage customers from finding a cheaper mortgage deal. The new rules will allow lenders to use a a more relaxed affordability assessment for customers...
14
FEB
2018

Darnells Buy-to-Let Guidance

  This is a very useful four- page guide covering the current tax regime for buy-to-let property, produced by local accountants Darnells. Download a full copy here…
14
FEB
2018

BTL Landlords’ Confidence Remains Low

TMW has issued its Buy-to-Let Barometer for Q4 2017, which reveals that landlords’ confidence appears to be stabilising. Q4 2017 sees the proportion of landlords feeling good or very good about the prospects for their own lettings business remain low at 38%, down 6%...
20
MAR
2017

Weekly Round-up, 17th March 2017

Basket Case Non-dairy milk, such as soya, rice and oat milk, are being added to the ONS’s inflation basket for the first time, reflecting the increase in the popularity of dairy-free diets, with the rise of campaigns such as “Veganuary”. In addition, gin is returning to the...
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...
01
NOV
2016

The new-builds catching house buyers in a leasehold property trap

When Clare Budgen bought her first house in Ellesmere Port in 2009 for £155,000 the last thing on her mind was the lease. Taylor Wimpey, the developer, arranged the lease on a 999-year basis, so what could the then 22-year-old possibly have had to worry about? But just seven...
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