Category: Finance

Halifax Housing Market Confidence Tracker: Barriers to buying

A recent survey conducted on behalf of the Halifax has revealed that UK residents perceive the inability to raise a big enough deposit as the biggest barrier to buying property.

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Mortgages, Uncategorized Comments Off

The MMR Muddle

If you’re looking to buy a new home it’s likely that you’ve heard about the recent changes to the new mortgage lending criteria which were introduced earlier this year.  But do you understand exactly what the Mortgage Market Review is … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Mortgages Tags: , , , , , Comments Off

Housing Market cools for the first time this year

Asking values for houses fell for the first time this year, as freshly gathered data shows a potential cooling period in the housing market.

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Posted by: Leanne Halsey Categories: House Prices, Mortgages, Property Market Tags: , , , , , 1 Comment

Middle Aged borrowers struggling to take out mortgages – effect of new lending rules ‘a major challenge’

Middle Aged borrowers struggling to meet Mortgage affordability regulations, newly specified in April’s Mortgage Market Review, mean lenders have re-vamped their requirements for loan approvals. Banks & building societies are now considering a borrower’s post-retirement income before sanctioning a mortgage … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Mortgages Tags: , , , , Comments Off

Bank of England governor alerts to danger of potential financial crisis as UK house prices rise to record 10.5%

The Bank of England’s governor, Mark Carney, has reinforced his ominous forecasts concerning the UK housing market, as new data indicated that house prices rose by 10.5% in the 12 months to May.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages, Property Market Tags: , , , , , , Comments Off

UK house prices sharply rise surpassing 2007 peak

UK house prices outstripped their highest valuations of 2007 casting doubts on the supposed cooling of the housing market. Rising for the 14th successive month, house prices grew by 1% in June which in turn stretched the annual rate of … Continue reading

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Posted by: nicolasevern Categories: Buying, Estate Agents, Latest News, Mortgages Comments Off

May Mortgage approvals dipped to lowest levels since June 2013

According to the Bank of England the number of mortgages approved in May was at its lowest level since June last year.

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Posted by: nicolasevern Categories: Finance, Industry News, Mortgages, Property News Tags: , , , , Comments Off

Industry experts predict that interest rates could rise to 5%

According to Sir Charlie Bean, deputy governor for monetary policy at the Bank of England, it is ‘reasonable’ to think that rates will return to pre-recession levels in 10 years or more.

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Finance, Industry News, Latest News, Mortgages, Uncategorized Tags: , , , , Comments Off