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 […]
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 […]
Remortgage Numbers Rise Steeply In August As The Expected Rate Rises Impacts Borrowing The number of borrowers remortgaging their homes increased by 11% in August, compared to July and by a whopping 16% compared to last August – the highest metrics since January. According to data from conveyancing firm LMS, borrowers began taking advantage of […]
Remortgaging Is Badly Misunderstood. Mortgage industry publisher, Mortgage Solutions this week announced that only 33% of Brits associate remortgaging with securing a better rate on their mortgage. This is devastating news to brokers who work hard to promote the potential savings and ease of remortgaging property away from lender’s high cost standard variable rate products. […]
