Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.
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Category Archives: Mortgage Affordability
Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.
The Bank of England report shows homeowners are encouraged by the low interest rates to repay mortgages to lenders.
Annual house price rise in April is 5.5% down from 9.6% in March, says ONS, while the number of Help to Buy completions have decreased.
Mortgage lending to first time buyers in Greater London is 16% lower to the previous quarter according to the latest CML report.
The average first time buyer now needs a salary of £77,000to buy a home, says KPMG, as house prices continue to rise.
The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.
Data from the Nationwide and Land Registry shows house prices grow is the lowest since 2013 and reduced in January.
First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.
Data from the Council of Mortgage Lending shows mortgage lending has reached a six-year high although lending has now slowed.