Mortgage Deals Help…

95% Mortgages In November 2010

It’s November 2010 and there is very little to add to the existing list of 95% mortgages.

On a positive note Newcastle Council are offering 95% mortgages to try and offload flats within its £40 million renovated tower blocks. It is using public money and is a risk to help those with [...]

95% Mortgages Not To Blame

Declining demand for property is forcing a general drop in house prices. With too few buyers being outweighed by sellers, a mortgage drought with very few 95% mortgages, and general uncertainty with the economy pressure is on for prices to fall.  The impending increase to the base rate may be the [...]

Mortgage Style Debt Before the Real Mortgage

Business Secretary Vince Cable has given his approval to Lord Browne’s report on tuition fees for universities within England.  Lord Browne has proposed the removal of the current cap of £3,290 to leave the door open for universities to charge whatever they like on a course by course basis.  [...]

Halifax figures Point To a House Price Crash

September 2010 may mark the start of a house price crash as the Halifax has reported a fall in house prices of 3.6% in that month.  This is the biggest monthly fall in prices the Halifax has reported since it began releasing these figures in 1983.

This has fuelled [...]

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 [...]