Latest mortgage news - Mortgage Affordability


29 Jul 2015

Mortgage lending reaches a new high as the housing market picks up pace

Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.

06 Jul 2015

Virgin Money changes lending rules for buy-to-let mortgages

Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.

06 Jul 2015

Homeowners are clearing mortgages in record time due to low interest rates

The Bank of England report shows homeowners are encouraged by the low interest rates to repay mortgages to lenders.

18 Jun 2015

Help to Buy schemes not as effective as house price rise slows

Annual house price rise in April is 5.5% down from 9.6% in March, says ONS, while the number of Help to Buy completions have decreased.

28 May 2015

London mortgage lending to first time buyers is lower in the first quarter

Mortgage lending to first time buyers in Greater London is 16% lower to the previous quarter according to the latest CML report.

19 May 2015

First time buyers in London need £77,000 salary to buy a home

The average first time buyer now needs a salary of £77,000to buy a home, says KPMG, as house prices continue to rise.

14 Feb 2015

Home repossessions and mortgage arrears at lowest level since 2006

The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.

30 Jan 2015

House price growth slows as homebuyers are uncertain about the future

Data from the Nationwide and Land Registry shows house prices grow is the lowest since 2013 and reduced in January.

28 Jan 2015

Mortgages to first time buyers start to rise after a decade of decline

First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.

24 Jan 2015

Mortgage lending reaches a six-year high but numbers are slowing

Data from the Council of Mortgage Lending shows mortgage lending has reached a six-year high although lending has now slowed.

16 Dec 2014

First time buyers under age 40 are offered 20% discount on new build homes

New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.

26 Nov 2014

Mortgage lending falls by 16% as house price growth begins to slow

The number of mortgage approvals have reduced according to the British Bankers' Association (BBA) by 16% over the year.

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