The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.
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Category Archives: Mortgage Buyers
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.
More homebuyers in their 40s are unable to buy or remortgage their homes with tougher rules and rising house prices.
The number of mortgage approvals have reduced according to the British Bankers’ Association (BBA) by 16% over the year.
Data from the Council of Mortgage Lenders (CML) shows mortgage lending is up while house price rise is higher over the year.
New CML data shows a dip in mortgage lending to first time buyers as Savills predicts house prices in London to stall next year.
A report by lender Kent Reliance shows the value of buy-to-let property owned by landlords is at £930.7 billion increasing 13.3% in the last year.
Data from the Bank of England points towards a cooling UK housing market as figures show mortgage approvals are lowest since July 2013.
As property prices in London begin to slow the share price of the capitals best known estate agents falls following a profit warning.