Proposals in the government’s Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
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Category Archives: Home Movers
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
London’s new Mayor Sadiq Khan has outlined plans to quadruple the number of affordable new-build homes in the capital.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
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.
The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.