People borrowing equity in their property has reached the highest levels since records began says the Equity Release Council.
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Category Archives: Mortgage Buyers
Homeowners can expect a considerable slowdown in house price growth with only a 0.6% rise this month based on Halifax data.
Increased competition between lenders has lowered mortgage rates although 8% fewer homeowners have opted for a remortgage.
New powers would allow Bank of England to limit loan-to-value percentages on mortgages to prevent a housing bubble.
Data from the Bank of England shows mortgage approval numbers have reduced confirming a slowdown in the housing market.
The Bank of England to cool home loan market by limiting the number of people borrowing four and a half times their income.
The Office of National Statistics (ONS) has released data showing London average house prices are over £500,000 for the first time.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.
Leading mortgage lender Nationwide has released data showing house prices are 0.8% higher in August compared to July.