Significantly lower interest rates has improved mortgage affordability across the country since the financial crisis according to the Halifax.
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Category Archives: Mortgage Buyers
Latest data from Moneyfacts shows the amount of cashback offered by lenders to first time buyers with small deposits is lower in the last two years.
For the first time since 2011 the number of home movers has decreased due to the low availability of the ‘right type’ of homes slowing the market.
Home buyers borrowed £11 billion in November up over 5% on the month reflecting a stable market and aspirations for home ownership.
The number of first time buyers reaches an all time high last year with more people opting for longer term mortgages of 30-years or more.
After years of falling rates the 10-year fixed rate mortgage costs are beginning to rise according to research from Moneyfacts.
Data from the CML shows the number of loans to homebuyers is 8% lower for October indicating a slowdown in the UK market.
Research from the CML shows the number of London home buyers has increased since the Brexit vote with affordability remaining unchanged.
The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.
The Treasury is to give the Bank of England powers to limit lending to the growing buy-to-let mortgage market to protect the financial system.