Borrowers looking for high loan-to-value (LTV) mortgages appear to have been spared the impact of the Bank of England’s Base Rate rise as typical interest rates appear to have fallen. The data from credit insurer AmTrust also appears to show an improvement in general for first-time buyers (FTBs) looking to purchase with small deposits – […]
Highest Q3 new home registrations in a decade by: Owain Thomas – Mortgage Solutions Builders registered nearly 38,000 new homes in the UK during the third quarter of 2017 – up 6% on the same period last year and the highest Q3 total since the recession of 2007-08 According to NHBC’s latest new home registration […]
Six out of ten UK brokers now expect total UK lending to reach between £240 to 260bn next year; a further 15% believe the market could top out at over £260bn. The projected increase comes on the back of credible indications that the Bank of England intends to raise the Official Bank Rate for the […]
By Greg Oxenham – Practice Principal, Mortgage ID Mortgage Industry pundits interpreting a leak from a “Tory source” are speculating that the Chancellor Philip Hammond is considering a “big cut” in stamp duty for first time buyers (FTBs). This would be a bold measure if it were introduced in a future Budget. The burden on […]
House Price Rises Continue To Be Driven By Desperately Low Supply UK house prices rose again in September to hit record highs across most of the country according to the Halifax House Price Index. The lender’s data showed house prices grew on a monthly, quarterly and annual basis during the last month, which comes on […]
Help to Buy – Wales. How does it work? Help to Buy – Wales allows eligible purchasers to buy new-build homes with assistance from the Welsh Government in the form of a shared equity loan. What does this mean in practice? Help to Buy – Wales shared equity loans are available to both first-time buyers and home […]
How Much Deposit Do I Need For A Mortgage? Check out how much you need to save as a deposit to buy a home. The bigger your deposit the lower the interest rate your mortgage broker can arrange for you. In some cases, having a sizeable deposit might be the only way a lender will […]
Construction Output Trending Downwards While New Home Building Remains Steady Output in the construction sector contracted by .8% in Q3, reported the Office of National Statistics. This decrease in output was driven by decreases in both repairs and maintenance producing a .6% and .9% drop in these respective construction areas. On a positive note, overall […]
