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15
JUN
2020

Property market update

The price of property coming to market in England is up by an average of 1.9% (+£6,266) to £337,884 this month compared to March, before the housing market was put on hold. Now that the market has been open since 13th May there is sufficient new seller asking price data for...
08
JUN
2020

Buy to Let Barometer Q1 2020

BVA BDRC’s Q1 2020 Landlord Panel results The first quarterly report this year, produced for The Mortgage Works, is now available with insight taken from the latest Landlord Panel research. Based on data collected between 20 March and 2 April, the report also captures...
28
MAY
2020

Demand for housing in England surpasses pre-lockdown levels : Zoopla

Two weeks after the government reopened the property market, demand for housing in England has exceeded levels recorded at the start of March, according to the latest UK Cities House Price Index by Zoopla. Zoopla found that demand for housing across England rose by 88% after the...
22
MAY
2020
Average Mortgage Rates

Mortgage rates do not appear to be reflecting the cut in base rate

The average mortgage rate across the mortgages in our “rate basket” has reduced this week from 1.42% to 1.40%. This is a little disappointing, given that many lenders have been publicising mortgage rate reductions following the “re-opening” of the mortgage...
20
MAY
2020

House prices rose by 2.1% in March before lockdown: ONS

House prices increased by 2.1 per cent in the year to March, but was down by 0.2 per cent from February, the latest figures from the Office for National Statistics show. Average UK house prices reached £231,855 in March, but the data is based on sales reported to Land Registry,...
18
MAY
2020

Lenders reprice and fine tune criteria as market reopens

Mortgage lenders have been adjusting their pricing and updating criteria as the market reopens and physical valuations resume this week. This morning has already seen a host of lenders repricing their deals as and fine tuning their risk appetite ready for an expected surge in...
14
MAY
2020

Mortgage valuations are resuming

It is good to learn that some lenders are now resuming physical valuations for mortgage applications. Although, during the lockdown, some lenders have been able to undertake “desktop” valuations on some properties, there are many that require a physical valuation,...
13
MAY
2020

Enquiries to estate agents surge 70% as market reopens: Rightmove

Photo by Blake Wheeler on Unsplash There was a 70 per cent surge in property hunters messaging estate agents via the Rightmove website this morning compared to yesterday following the government’s announcement that viewings and home moves can resume. Visits to Rightmove were up...
12
MAY
2020

New guidance for working in other people’s homes opens way for mortgage valuations

Photo by Ross Joyner on Unsplash The Government has issued new guidance for working in other people’s homes which hopefully will include surveyors looking to do physical inspections of properties. The guidance still recommends that businesses should “make every reasonable...
04
MAY
2020

Pre-crisis annual house price growth at its strongest since February 2017

Annual house price growth reached 3.7% in April 2020, the strongest it has been since February 2017, according to Nationwide’s latest House Price Index. This is a 0.7% rise month-on-month, after taking into account seasonal factors. However, the impact of the COVID-19 pandemic...
01
MAY
2020

Coronavirus – tenants in financial difficulty

The government has implemented new legislation to protect tenants experiencing financial difficulties as a result of the coronavirus outbreak. You can download a copy of the government guidance on the new requirements here. We have outlined some of the key areas of consideration...
24
APR
2020

Demand for rented homes surged by 30% in two weeks

  Across the UK by region and price band, demand for rented homes has surged by 30% since 14 April 2020, suggesting the rental market is regaining momentum, according to Zoopla’s latest Rental Market Report. This follows an initial decline of 57% in the two weeks to 30...
25
MAR
2020

Mortgage Payment Holidays

This is an arrangement between UK Finance on behalf of members and the Government. UK Finance is the trade body that represents high street lenders. If you would like to know who they represent click here. Anyone can ask their lender for the payment holiday as a result of...
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...
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...
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
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%...
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...
28
OCT
2016

Best-buy Mortgages – 28 October 2016

See our current best-buy fixed-rate, tracker-rate, buy-to-let and re-mortgages. Contact me for a personalised illustration.
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