Posts in tag

house prices


In late February, the Bank of England’s (BoE) Financial Policy Committee (FPC) released its promised consultation on plans to scrap the mortgage affordability test, one of two recommendations first introduced. in 2014. These recommendations include the loan-income stream limit (LTI), which limits the number of mortgages that can be loaned at an LTI ratio greater …

Affinity Mortgages will now be able to offer Proportunity equity loans to its clients, following the lender’s addition to Proportunity’s panel of brokers. The loans, which help people with limited capital to move up the property ladder, are available to first-time buyers and existing homeowners. Loans are made through brokers only, up to a value …

Without wanting to sound like a broken record, 2021 has been another year of uncertainty for all of us, owners included. However, amidst the closures and the alarming rate of inflation, there was something to celebrate for real estate investors! Helped in part by demand initially sparked by the stamp duty holiday, house prices have …

Shutterstock/Anna evlanova.ru The real estate market exploded last year, including the buy-to-let (BTL) sector. According to UK Finance, BTL buying activity grew to £18 billion in 2021, a colossal 83% increase on activity in 2020. Meanwhile, Shawbrook Bank’s 2021 Buy-to-Let report found that the value of the private rental sector grew by 5.8% in 2021, …

Coming to what is – hopefully – the final round of the Covid pandemic and considering all the changes the past two years have brought to society, the economy and the way we are governed, Mortgage strategy thought it was time to ask a number of lenders what risks they were considering at the start …

Kensington and Chelsea are the least affordable areas to live in the UK, while East Ayrshire is the most affordable, according to Nationwide. The London Borough posted a first-time buyer price-to-earnings ratio (HPER) of 14.7 last year, while the Scottish local authority reported a ratio of 2.4, according to the building society affordability report. The …

Remortgage approvals fell seven points in the third quarter of 2021, according to the latest LMS Remortgage Healthcheck Index. The decline was attributed to slower growth in average endorsement values. The LMS report shows the overall health of the mortgage market and tracks the evolution of four key indicators: the volume and value of mortgage …

Business owners have turned to second mortgages to raise capital as omicron continues to disrupt UK industry, Knowledge Bank says Criteria tracker found brokers seeking ‘fundraising for business purposes’ in December were the fourth most searched term, some of which the company attributed to the Covid-19 variant . He says, “While some of this research …

A survey conducted on behalf of Legal & General Home Finance found that 22% of current workers plan to use the value of their home to pay for their retirement. Moreover, of the 4,000 adults surveyed at the end of this year, the survey showed that 35% of all non-retirees own a house but have …

There has been a long road to recovery since the 2008 financial crisis and its impact on homeowners has been the driving force behind most of the regulatory developments that have taken place in the UK since. After the crisis, the regulator introduced a new lending framework through the Mortgage Market Review and, while established …

House prices in England and Wales will recover from a December drop in the first two months of next year, according to Reallymoving analysis. The firm says that after a monthly drop of 1.1% in December, house prices are expected to rise 2.5% in January 2022 and 0.2% the following month. This equates to an …

According to the latest figures from NAEA Propertymark, demand from house hunters has continued to increase despite limited supply. The professional body for estate agency staff released its November housing report that studies the market. He finds that the number of registered buyers per branch increased 12% from October to November. The supply of properties …

Thousands of adult children are expected to receive Christmas presents, as nearly two-thirds of parents have already helped them buy a home by spending an average of £ 32,440 for deposits, according to Zoopla. The real estate website said 64% of parents helped their kids buy their first home, with 24% of parents saying their …

Virgin Money launched a new condominium mortgage, bought two products and cut rates. The condominium mortgage is in the “Greener” category, which means properties must have an “A” or “B” energy performance certificate rating, and is available at 90% LTV over a five-year period. years at 2.40%. He charges a fee of £ 995. Virgin …

UK average house prices hit a new record high of £ 272,992 in November, according to the latest Halifax index. That means a monthly change of 1% – the fifth consecutive month of house price increases – and an annual growth rate of 8.2%. Halifax also notes that the quarterly change – up 3.4% – …

House prices will rise by 5% by next year nationally and by 3% in London, according to Rightmove. Broken down by region, it says prices in Scotland, the West Midlands, the South West and Yorkshire and the Humber will rise “by more than 7%”. Rightmove identifies “lowest ever available inventory of property for sale by …

The founders of Nested are launching an equity loan product similar to Help to Buy with plans to start lending by the end of this year. Unlike the government-run program, buyers will not be limited to new construction. The loans will be interest-free, with the lender benefiting instead from a capital appreciation. The lender, called …

Shutterstock / Photo_imagery / Léon Parks When it comes to obtaining mortgage financing, independent borrowers have always faced a number of additional hurdles compared to their salaried counterparts. But this disparity has worsened since the Covid-19 pandemic. Given the recent rise in house prices, extensive affordability calculations, lingering economic uncertainty, and a health crisis that …

A “depressed” stream of new instructions is both dampening activity in the housing market and pushing prices to new highs, according to the Royal Institution of Chartered Surveyors. In its latest residential market survey, Rics shows the net balance of the new set of instructions at -20%, with average inventory levels falling from 42 in …

The average rate paid by life mortgage borrowers has fallen 41% or 2.39 percentage points over the past five years, saving £ 10 billion, according to Responsible Life’s analysis. Clients of the stock release paid an average of 3.4% last year, up from 5.79% in 2015, according to the broker. Calculations are based on data …

Image Credit: Shutterstock The pandemic has led to a savings boom, but many mortgage experts suggest that because the wealthiest households are the main beneficiaries, it is unlikely to help many more first-time buyers access finance. real estate scale. Numerous studies have shown that households have set aside over £ 100bn in excess deposits as …

According to data from Responsible Life, the amount of equity released by lifetime mortgage customers has jumped 31% in one year, driven by a “rush to the middle class”. The end-of-life mortgage broker says the average amount released by its clients over the past 12 months rose from £86,000 to £112,700 in April. He says: …