IMLA has said the end of higher rate tax relief for buy-to-let landlords will limit the supply of rented properties and increase the rents for tenants.
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Category Archives: Re-mortgage Buyer
House purchase loans were 9% lower for the month of August according to the CML as remortgage buyers reducing by the largest amount.
Data from Hometrack show the top 20 UK cities with strong house price rise this year exceeding the national average.
The number of remortgage buyers increased by 30% in June as homeowners change to cheap fixed rate loans before interest rates rise.
Mortgage lending by value to first time buyers increased 24% over the month following a poor first half of the year, says CML.
Data from the Nationwide building society show a slight fall in house prices in May while cash buyers represent four out of ten purchases.
The number of mortgages approved in April increased 9.9%, the highest monthly rise for six years according to the Bank of England.
Data from the Halifax shows UK house prices increased by 1.6% last month and by 8.5% over the last year.
A new two year fixed rate mortgage from the Co-Operative Bank offers only 1.09% interest and borrowers must pay a high £1,500 fee.
The lowest ever five-year fixed rate mortgage deal was launched by HSBC as competition between lenders for new business intensifies.