Mortgage Lending Boosted by Buy to Let Market in 2011

mortgage lending

The 2011 Annual Report from the Council of Mortgage Lenders (CML) has been released and it shows that in a year to year comparison with 2010 remortgaging and buy to let increased while overall the number of loans for house purchases reached the lowest annual level in over three decades. According to the data . . . → Read More: Mortgage Lending Boosted by Buy to Let Market in 2011

UK Housing Situation in Crisis Mode as More New Construction Homes Needed

uk housing market

The housing market is in a crisis mode as there is a need for more new construction homes. According to a report by MPs on the Commons Communities and Local Government Select Committee (CCLGSC) there are 230,000 new households forming each year in England but there were only 110,000 new homes built last year.

. . . → Read More: UK Housing Situation in Crisis Mode as More New Construction Homes Needed

Homeowners to Experience Further Equity Decline with Falling House Prices

homeowners

House prices are on the decline according to the many house price index reports. This is being blamed on the end of the stamp duty holiday that concluded at the end of March. Some of the blame is also due to the double dip recession. Historically when a recession occurs there is a decline . . . → Read More: Homeowners to Experience Further Equity Decline with Falling House Prices

Remortgages for Landlords Reach Top Level for 2012

remortgages

The buy to let remortgage lending market has revealed that landlords are still confident in the buy to let market. Households are increasing the demand for rental properties as they are kept off of the property ladder due to tight lending and high deposit levels. To help meet the demand and increase their business . . . → Read More: Remortgages for Landlords Reach Top Level for 2012

April House Prices Reveal Strength of Stamp Duty Holiday Opportunity

house

The latest data from Halifax has revealed that first time buyers taking advantage of the stamp duty holiday in March were of the majority. April buyers were unable to sustain the increase in the March uplift revealing that March figures were not a new found confidence in home buying but rather the opportunity to . . . → Read More: April House Prices Reveal Strength of Stamp Duty Holiday Opportunity

Homeowners Need to Keep Their Eyes on the Remortgage Lending Market

homeowner

Homeowners need to keep their eyes on the remortgage lending market and be aware of how it may impact their current financial situation as well as the future. The remortgage lending market is changing and homeowners that have had their current mortgage deal end, those that will have theirs end soon, and those that . . . → Read More: Homeowners Need to Keep Their Eyes on the Remortgage Lending Market

Land Registry Shows Slightly Weaker Housing Market

land registry

There was a slight decrease in the latest House Price Index from the Land Registry. The March data revealed both a decrease in the annual average for the last 12 months as well as the month to month comparison. The average price of £160,372 had both a decline of 0.6 per cent for the . . . → Read More: Land Registry Shows Slightly Weaker Housing Market

Borrowers Seek Mortgages and Remortgages while Interest Rates are Cheap

borrowers

Interest rates are rising and borrowers are seeking to grab the cheapest deals while they can. Those seeking to escape rising rental rates are deciding to take the plunge and get a new purchase mortgage before lenders push rates any higher. Homeowners are just as anxious to get a cheap remortgage before the best . . . → Read More: Borrowers Seek Mortgages and Remortgages while Interest Rates are Cheap

Homeowners Seeking Remortgage Advice for Escape from Rising Rates

homeowners

Homeowners are seeking remortgage advice in the hopes of getting a new deal and escaping rising interest rates. Data from unbiased.co.uk in March revealed that the demand for remortgages is likely to increase as lenders push up their interest rates. Inquiries on remortgage advice increased to 37 per cent.

Lenders are increasing their interest . . . → Read More: Homeowners Seeking Remortgage Advice for Escape from Rising Rates

Fixed Rate Remortgages Hold Appeal in Face of Rising Interest Rates

fixed rates uk

Homeowners are seeking fixed rate remortgages in an attempt to avoid the rising interest rates. Interest rates are rising but not because the Bank of England’s Monetary Policy Committee (MPC) is raising the standard base interest rate. The MPC is not expected to consider an increase to their rate until next year. The increase . . . → Read More: Fixed Rate Remortgages Hold Appeal in Face of Rising Interest Rates