Latest mortgage news - Mortgage Affordability


29 Jun 2017

Bank of England new mortgage affordability rules fearing higher debts

Homebuyers can expect tougher affordability tests from lenders when applying for mortgages as Bank of England acts over easy borrowing.

27 Jun 2017

Second steppers need support from family to move up the property ladder

Nearly one in three second steppers require over £20,000 in financial support from the bank of Mum and Dad to buy their next home.

25 May 2017

Home buyers in London down 18% compared to a year ago

For the second quarter in a row the number of home buyers are lower in London due to restricted supply and affordability.

28 Apr 2017

UK house prices fall for second month and growth slowest in four years

Nationwide’s index has recorded the second monthly fall in house prices with homeowners feeling the pinch due to the economy.

23 Mar 2017

Home ownership a thing of the past for one in four young Britons

A quarter of all young Britons are certain they will never own a home and half think it is as harder than ever to get on the property ladder.

22 Feb 2017

London home buyer loans down 5% in the fourth quarter 2016

Home buyer borrowing in London reduces 5% or £310 million in the final quarter of 2016 continuing the downward trend for the capital.

03 Feb 2017

Mortgage affordability markedly improves over past decade

Significantly lower interest rates has improved mortgage affordability across the country since the financial crisis according to the Halifax.

17 Jan 2017

Home purchase lending remains strong rising by 5% in November

Home buyers borrowed £11 billion in November up over 5% on the month reflecting a stable market and aspirations for home ownership.

13 Jan 2017

First time buyers reach a high with a sharp rise in 30-year mortgages

The number of first time buyers reaches an all time high last year with more people opting for longer term mortgages of 30-years or more.

14 Dec 2016

Mortgages loans to homebuyers fall in October as market slows

Data from the CML shows the number of loans to homebuyers is 8% lower for October indicating a slowdown in the UK market.

17 Nov 2016

Mortgage costs reach historic low point for September

The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.

07 Nov 2016

House prices flat with less demand and affordability concerns

The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.

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