Tag: Mortgages

Extension of Funding For Lending good for buyers

The Bank of England has announced that it is extending the Funding for Lending Scheme (FLS) until 2015, meaning that would-be buyers may have greater access mortgage finance.

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Fall in mortgage approvals last month

Figures from the British Bankers’ Association (BBA) show that just 32,288 mortgages were approved in January, marking a 14% drop compared with the same month last year.

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Number of first-time buyers hits five-year high

A steep increase in first-time buyers teamed with a modest increase in lending at higher loan-to-value ratios has led to hopes that the property market is undergoing a long-awaited recovery.

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Cheap mortgages boost house prices by 1.9%

House prices have witnessed a 1.9% average rise in the three months to January, marking the strongest increase for three years.

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Mortgage approvals hit 11-month high

The latest figures from the Bank of England show that UK mortgage approvals jumped to their highest level since January 2012 last month.

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Generation Rent Gathers Pace

Attractive yields entice buy-to-let investors With one in ten properties in the UK delivering gross rental yields of 10% or more, now could be the time to expand your buy to let rental portfolio, or take your first steps on the property … Continue reading

Posted by: Nicola Severn Categories: Buying, Buying Property, Estate Agents, Landlords Advice, Letting, Uncategorized Tags: , , , , , , Comments Off

Mortgages most affordable in a decade

At the height of the financial crisis, mortgage payments deprived new borrowers of 48% of their disposable income. This was the case in the third quarter of 2007, but almost five years on, in the final quarter of 2012, the … Continue reading

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First-time buyers welcome further mortgage rate cuts

While the Government’s £80bn Funding for Lending scheme prompted fierce competition between lenders, it was aimed in principle at borrowers with larger deposits.

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