We are pleased to reveal the Government’s flagship scheme to boost lending has finally started to have a major impact with net lending to homeowners and businesses in the second quarter of 2013 growing by £1.6bn.
The TaxPayers' Alliance, which is campaigning for reform to the hated duty, said four out of every five homes sold in 2012/13 in England and Wales will be subject to the stamp duty land tax within five years.
Landlords from the North West are enjoying the highest rental returns in England at 6%, figures from the Association of Residential Letting Agents show.
With Britain as a whole worth £7.3 trillion according to official figures, we ask are we sleep walking in to another property bubble given half the nation's wealth is tied up in its bricks and mortar. Property has quadrupled in value in the past 20 years.
A new sub-prime lender has launched into the mortgage market aimed at borrowers with an adverse credit record. Magellan Homeloans is the first major sub-prime lender to launch since the crash and a sign that the market is beginning to ease on mortgage criteria.
We can report this week that mortgage lending has grown by 26 per cent to hit a five-year high of £15bn in June, Council of Mortgage Lenders figures show.
We can report today that Santander has become the latest major mortgage lender to join the Government's Help to Buy scheme. The Government's scheme to boost low deposit mortgage deals has been flying off the shelves with more than 7,000 reservations and 1,000 sales in just four months.
We see that the debate around stamp duty is hotting up with Scottish Government reforms to create a more “progressive” system of stamp duty and make more expensive homes pay more. They seem interested in ending the unpopular “slab” structure where full payment of thousands of pounds is required up front.
It seems that the UK economy has grown by 0.6 per cent in the second quarter of the year compared to the first quarter as the recovery picks up pace which is great news. After 0.3 per cent growth in the first quarter it is the first time the UK has seen two quarters of growth since 2010.
It seems that homeowners experience a slower rate of inflation than renters because of cheap mortgage rates, according to the latest Office for National Statistics report.