News

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 […]

Harder to Get a Mortgage

New figures show that the number of mortgages being approved in the UK is reducing, despite the demand being just a high. This is the second consecutive month where mortgages numbers have declined proving that tit’s harder to get a mortgage. The reason for the decline in mortgage acceptance rates is being accredited to the […]

Rejected for a Mortgage

If you’ve been rejected for a mortgage you will know the worry and fear associated with being rejected for a loan which is secured against your property. Your house is the most important asset you will own so to be rejected is a horrible feeling. Most people don’t realise that being rejected for a mortgage […]

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 […]

Help to buy causing house bubble

Has Help to Buy Caused Housing Bubble?

House prices have reached £250,000 for the first time ever, leading many financial experts to ask whether the government Help to Buy scheme is creating a housing bubble. The figures from a Office of National Statistics report shows by the end of 2013 thousands more home owners became obligated to pay the 3% stamp duty. […]

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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