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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...
16
DEC
2015

Average outstanding UK mortgage debt rises to £85,000

The latest Bank of England quarterly bulletin indicates that the average household mortgage debt is £85,000. In aggregate, household debt remains high relative to income, but the cost of servicing that debt is historically low, due to low interest rates. The proportion of...
03
NOV
2015

Mortgage News & Information – November 2015

Published and distributed my regular mortgage newsletter today. This issue’s focus is on articles supporting the need to use a mortgage broker, market news and lender updates. If you did not receive a copy, it can be viewed here – November 2015 Newsletter You can subscribe for...
15
OCT
2015

Mortgage accessibility issues continue for First-time-buyers

Many adults remain concerned about their ability to obtain a mortgage according to research undertaken by Precise Mortgages. Read more…
30
SEP
2015

Mortgage News & Information – October 2015

Published and distributed my regular mortgage newsletter today. This issue’s focus is on the growth of mortgage activity and re-mortgaging, as well as market updates. If you did not receive a copy, it can be viewed here – October 2015 Newsletter You can subscribe for...
25
SEP
2015

Bank of England expresses concerns over buy-to-let boom

The growth of the buy-to-let market is causing the Bank of England some concern. There has been a 40% increase on buy-to-let lending since 2008. The Bank said “….the sector could pose risks to broader financial stability, both through credit risk to banks and the...
17
SEP
2015

Britain is facing a £173bn debt time bomb

Households are sitting on a £173billion debt time bomb after being lured into a spending splurge by banks and credit card companies. Read more…
05
SEP
2015

Nearly one million ‘face difficulties’ with interest-only mortgages

Nearly a million homeowners have no way of paying off their mortgages because they opted for interest-only loans, according to Citizens Advice. Read more..
04
SEP
2015

1m have ‘no plan’ for repaying interest-only mortgages

Around a million people could have their homes repossessed because they have no way of paying off their interest-only mortgages, Citizens Advice has warned. Read more..
01
SEP
2015

Re-mortgages reach record high

The average re-mortgage loan has reached a new high as homeowners cash in on rising property values, according to the National Mortgage Index from Mortgage Advice Bureau. Read more
09
JUN
2015

13% would “quickly” get into debt following rate rise

Almost 7 million people would struggle to cover their mortgage payments if interests rates rise by just 1%, according to research by Ocean Finance. Read more
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