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Property Prices Fall As Mortgage Lending Rises

UK Property Prices Still Falling But Its Not All Bad… UK property prices fell faster than expected in November2012, attracting many new buyers according to the Royal Institute of Chartered Surveyors (RICS). In its latest analysis of the UK residential property market, RICS found that: 9% more of RICS surveyors reported property price falls rather than rises, […]

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Mortgage Approvals Higher Than Expected

British Bankers’ Association Announce Good News For Borrowers UK Mortgage lending reached an 11-month high in October, providing evidence that the housing market may finally be picking up, after a lull in recent months, according to the Council of Mortgage Lenders (CML). Gross mortgage lending rose to £12.9 Billion (GBP) and was 4% higher than […]

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Buy-To-Let Mortgage Lending Hits £4 Billion in 3rd Quarter

  The UK buy-to-let mortgage market continues to show signs of making a good recovery as lenders reveal that over £4 Billion (GBP) worth of mortgages were taken by active property investors during the 3rd quarter of 2012. The UK’s Council of Mortgage Lenders (CML) stated that £4.2 Billion (GBP) worth of mortgages were taken […]

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Buy-to-let Mortgage Lending Up 20%

But lending is still far from its peak, say mortgage experts. Buy-to-let mortgage lending has increased by 20% over the last year, signalling strong growth in the UK private rental sector (PRS). New figures from the Council of Mortgage Lenders (CML) reveal that more than 33,000 loans worth £3.9 Billion (GBP) were advanced in the […]

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Are Tenants Prepared For Rent Rises?

The latest news from the Royal Institute of Chartered Surveyors (RICS) made great reading for landlords with the report that PRS rents had risen over the past year. However, the report could be really bad news for tenants and their finances as rental rates are set to increase again over the next 12 months. Tenants […]

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Landlords Happy With Positive Growth Of UK Buy-To-Let Market

Landlords are extremely positive about the current state of the UK Buy-To-Let market, according to a recent survey carried out by CHL Mortgages. According to the survey 71% of respondents were positive about the growth and stability of the UK Buy-To-Let market. 5% remained negative about the sector’s growth and stability. The positive mood from […]

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Property Renting Set To Be Way Of Life For Young Families

A new report warns of steep increases in the number of parents unable to buy their own homes meaning millions of young families are entering an era of insecurity in which renting property becomes the norm. The Cambridge University study, commissioned by the independent Resolution Foundation and the housing and homeless charity Shelter, says that […]

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Mortgage Lending Criteria Tightens

Mainstream Buy to let mortgage lenders are changing their products and lending policies as they prepare for the new rules to be implemented that will tighten up on the necessary criteria borrowers must meet, causing a stir in the market. The Co-Op Bank announced this week that it was scrapping residential “Interest Only” mortgage products […]

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CML Calls For More Buy To Let Investment

The Council of Mortgage Lenders, (CML), think the coalition Government’s Chancellor of the Exchequer, George Osborne should be doing more to encourage institutional investors to take a stake in Buy To Let property in the upcoming Budget. The Council of Mortgage Lenders are the trade body for all the UK’s major bank and building society […]

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The UK Property Market – Some Good News!

Figures from a variety of trusted and respected sources offered a tentative boost for the UK property market as mortgage approvals, first time buyer numbers and residential property sales all increased during January. Data gathered from the Council of Mortgage Lenders (CML), British Bankers’ Association (BBA), National Association of Estate Agents (NAEA) and HM Revenue […]

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Buy To Let Mortgages Booming Again!

Buy To Let Mortgage Borrowing Up 84,000 On 2010 2011 saw the number of UK residential properties bought using Buy To Let mortgages rise by 84,000 on 2010 figures. Council of Mortgage Lenders (CML) figures show that landlords advanced a total of 34,800 buy to mortgages in the last three months of 2011 alone, with a […]

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Property Repossession Fear Increasing

UK Property Repossessions are forecast to increase 22% in 2012 Economists expect the recession and rising unemployment to squeeze the already stretched household finances of thousands of struggling families this year and are warning UK homeowners and landlords of a sharp rise in residential property repossessions. Record low Bank of England (BoE) interest rates and […]

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UK Buy To Let Sector Still Growing

Financial experts have suggested the UK Private Rented Sector (PRS), will keep expanding over the next few years. The Council of Mortgage Lenders’ (CML), has noted that UK Landlords, Property Management Companies, Lettings and Estate Agents are currently seeing strong rental returns within the UK PRS, and this income improvement is likely to continue for […]

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