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Mortgages
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%...
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...
28
OCT
2016

A third of contractors fear they are a mortgage lending ‘risk’

22% of contractors and self-employed workers believe the way they earn their income has made it more difficult for them to get a mortgage compared to when they were in full-time employment, Accord research reveals. Nearly a third (29%) of contractors believe that financial...
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.
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...
18
OCT
2016

Lifetime mortgage rates at record low post-Brexit

Lifetime mortgage rates have dropped to new record lows following reductions in government bond yields in the aftermath of the Brexit vote, according to Legal & General. Legal & General’s Flexible Lifetime Mortgage product now offers an interest rate of 3.71% fixed for...
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    MortgageAbility
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