The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
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Category Archives: Mortgage Buyers
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
Mortgage age limits for older borrowers increase from age 75 and over due to changing demographics and people working longer.
Data from the CML has revealed older borrowers have higher levels of equity to debt with repayment rather than interest only mortgages.
One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.
Growing competition from lenders has seen more flexibility and choice for consumers and lower interest rates, says Moneyfacts.
Lending to first time buyers and home movers decreased in July and recovered in August despite fear of a crash after the Referendum.
Data from the Council of Mortgage Lending show first time buyers are driving the market with lending up 25% to £5.5 billion over a year.
Homeowners have used equity release to withdraw a record £8.2 million of housing wealth per day or £0.5 billion each quarter.
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?