Mortgage Deals Help…

Surveys show house prices are on the down again

The latest house price figures from the Royal Institution of Chartered Surveyors (Rics) show that surveyors are dealing with falling house prices which last happened in July 2009.  They report that the number of properties coming to the market far outstrips the demand from buyers.  According to [...]

Mortgage Approvals on the Increase

The number of mortgages issued rose by 5 per cent last month as banks gained the confidence to issue higher-value loans, figures showed today.
Net mortgage lending, which excludes repayments and redemptions, rose by £2.4 billion, the smallest rise since July last year, the British Bankers’ Association (BBA) said.
The association said that [...]

Mortgage Lending Figures From CML

The Council of Mortgage Lenders (CML) has reported that activity in the mortgage market has risen by £11.5 billion in March 2010 which is up 3% on the previous year and up by almost a quarter compared to February.  However on a quarterly basis this quarter was down 24% compared to [...]

RICS says more houses on market than required

Today the Royal Institute of Chartered Surveyors (RICS) has released a report showing that the housing market has the highest number of homeowners trying to sell their property since May 2007.  At the same time the rate of house price increases has fallen back

Last month 21% of surveyors [...]

Updated facts on the stamp duty changes
 
I have a confession to make.  I wasn’t aware of the change in stamp duty until after the budget, and made this stamp duty post in haste. Shortly afterwards I went back in and edited out some of the content.  The reason being the stamp duty threshold increase wasn’t [...]

Stamp Duty Threshold Up To £250,000
From midnight last night the threshold for stamp duty was raised to £250,000 after the change was introduced by Alistair Darling’s pre-election budget.  Whether it was a move to win votes, and an accusation of an idea stolen from the Conservatives is another matter.  The bottom line is that it [...]

Housing Minister Pushes New Builds
 
The start of the year has been awash with conflicting stories of house price boom and stories of another impending bust. One headline suggests there are no mortgage deals worth mentioning and another showing excitement at all the new exciting deals available.
 
One thing is for sure that 2010 and on will [...]

Are mortgages for first time buyers still out there?
 
Compared to the mortgage market in 2007 figures in March 2010 show that there are relatively no mortgages for first time buyers.  Gone are the days of 100% or even 125% mortgage deals and since the credit crunch first time buyers have had to take a different approach [...]

Nationwide Say House Prices Fall by 1%
House prices have fallen in February by 1% according to Nationwide.  This is seen to be the first time prices have fallen since last April.  The average price has dropped from £163,481 in January to £161,320.
Nationwide have conceded that it is too early to say if this drop is [...]

100 percent mortgages in 2010
 
First time buyers are set to struggle as we move into 2010 and those looking for 100 percent mortgages are not going to find any in the market.  There are no lenders willing to take the risk on 100 percent mortgages, and the maximum they are willing to risk is a [...]