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Mortgage & Insurance News

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...
21
MAY
2020

Chancellor plans mortgage payment holiday extension

The chancellor is reportedly devising a scheme to extend mortgage holidays for those still in financial difficulty as a result of coronavirus. The Financial Times reports that Rishi Sunak is working with the FCA and the industry on the best way of continuing support for...
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,...
19
MAY
2020

Insurance policy premium holidays

The is to update you on the latest news regarding premium payment holidays for protection insurance policies and how individual insurers are dealing with this. Background The FCA issued guidance to insurers late last week, in which it confirmed a series of temporary measures to...
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...
11
MAY
2020

Coronavirus mortgage payment holiday strategy awaited

Photo by Tierra Mallorca on Unsplash Courtesy of The Guardian Currently 1.6 million homeowners are not paying their mortgages after taking a “payment holiday” at the start of the coronavirus crisis. But the three-month break from payments will come to an end much sooner than this...
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News Archives

The Government today announced a temporary cut in Stamp Duty (SDLT)

July 08, 2020

FCA updates its guidance on mortgage payment holidays

July 06, 2020

Prime Minister pledges biggest planning shake-up since WW2

June 30, 2020

Brokers grapple with down-valuations

June 18, 2020

Property market update

June 15, 2020

Mortgage demand increases to pre-lockdown levels: Experian

June 11, 2020
Houses for sale

Sales rebound to almost pre-lockdown levels: Zoopla

June 10, 2020

Buy to Let Barometer Q1 2020

June 08, 2020

FCA confirms support for customers who are struggling to pay their mortgage due to coronavirus

June 03, 2020

Help to Buy: Equity Loan - Latest guidance notes from The Government

June 02, 2020

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

May 28, 2020
Average Mortgage Rates

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

May 22, 2020

Chancellor plans mortgage payment holiday extension

May 21, 2020

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

May 20, 2020

Insurance policy premium holidays

May 19, 2020

Lenders reprice and fine tune criteria as market reopens

May 18, 2020

Mortgage valuations are resuming

May 14, 2020

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

May 13, 2020

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

May 12, 2020

Coronavirus mortgage payment holiday strategy awaited

May 11, 2020

Government has issued Information for Help to Buy

May 07, 2020

HMRC releases business support videos

May 05, 2020

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

May 04, 2020

Number of available mortgage products increase for the second week in a row

April 29, 2020

373,000 property transactions on hold due to Covid-19

April 28, 2020
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