The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
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Category Archives: First Time Buyers
Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.
Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.
Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.
Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.
The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.
The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
An MP committee has found that 40% of ex-council homes sold using right to buy are now privately rented properties.
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.
The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?