More homebuyers in their 40s are unable to buy or remortgage their homes with tougher rules and rising house prices.
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Category Archives: Re-mortgage Buyer
The number of mortgage approvals have reduced according to the British Bankers’ Association (BBA) by 16% over the 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.
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.
Leading mortgage lender the Halifax has released data showing house prices have increased by the biggest annual amount since September 2007.