We can report that house prices arepredicted to boom by 6.3 per cent in 2015 as the UK economic recovery swings into action according to a new report by the influential Ernst & Young Item Club.
We are pleased to report that the Bank of England appears to have signalled that the UK base rate is set to remain at 0.5 per cent for some time, much to the delight of mortgage holders.
New Bank of England governor Mark Carney has calmed markets at his first meeting with rate-setting the monetary policy committee.
We note some interesting research this morning from consumer champion Which? - they have just released quite worrying research indicating that 99.5 per cent of people do not understand the true cost of mortgages.
The average first-time buyer deposit stands at £26,956 forcing more people into the private rented sector. Halifax's third annual Generation Rent report is based on interviews with 20 to 45 year olds and their parents.
Remortgage lending has bounced back in April with its best month of the year as it drives growth in overall mortgage lending. Council of Mortgage Lenders figures show £3.4bn was lent to borrowers remortgaging in April, up 9.7 per cent on the £3.1bn advanced in March.
UK house sales reached their highest level in more than three years in May, according to the Royal Institution of Chartered Surveyors.
Skipton Building Society has introduced a £40,000 minimum income requirement for all residential interest-only and part-interest-only applications.
Divorce is one of the most common reasons for repossession alongside unemployment. A divorce, like unemployment can leave the divorcee with a significant and sudden loss of income.
The Government’s Help to Buy scheme is booming with more than 4,000 inquiries in just two months since it launched.
Half of all adults surveyed in London would like to buy a new home to live in (be that a first or subsequent home) in the next 2-3 years, according to findings released by the Council of Mortgage Lenders based on a survey undertaken by YouGov.