The housing crisis is no longer just a London problem as home ownership plummets to the lowest level across the country.
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Category Archives: Mortgage Buyers
For first time buyers the top ten least affordable homes are all located in London with the highest deposits paid, says the Halifax.
Lending to home movers increased by £800 million or higher by 18.6% for the month as other buyer types lag behind during May.
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
The court of appeal rules against West Bromwich for raising tracker mortgage interest rates, in favour of the buy-to-let landlord customers.
Proposals in the government’s Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
The upper age limits for homeowners to be accepted for a mortgage have been increased by the Nationwide to 85 to meet Britain’s aging population.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.