Housing Market

Mortgage Lending Hits 6 Year High

Mortgage lending has reached it’s highest level for 6 years after statistics from the British Bankers Association showed there was a 52% rise in mortgage loans. In April 12.2bn was lent in mortgages, this is the highest since 2008 and comes despite there being a fall in the number of mortgages being approved. As house […]

Housing market in budget 2014

Budget 2014: Housing & Property Market Changes

Chancellor George Osborne delivered his budget for the coming year and as expected helping the housing and property market was an important subject. The Chancellor announced a raft of changes which will help increase lending, build more homes and continue the housing market boost. Help To Buy: Equity Loan – Extended The Help to Buy equity loan […]

New home build rise

New Homes Reaches 6 Year High In England

The number of new homes being built in England last year reached it’s highest level since March 2007, according to a new report from the Department for Communities and Local Government (DCLG). The figures show 112,590 new homes started being built in the last year to December, an increase of 23% from the previous year. Although […]

First Time Buyers Mortgage

First Time Buyer Mortgages On The Rise

The number of first time buyer mortgages which were approved in 2013 increased dramatically from the previous year, according to research by CML. The Council of Mortgage Lenders (CML) new report found a 23% rise in first time buyers being approved for a mortgage over the period of a year. This suggests the housing market […]

House Sales Rise

House Sales Hit 6 Year High

House sales hit a 6 year high in the three months to December last year according to a new survey by the Royal Institution of Chartered Surveyors (Rics). The survey found 21.3 homes were sold per estate agency during the final quarter of 2013, the highest number since March 2008, during the recession. The lowest number of […]

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