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UK mortgage approvals rose to more than two-year high before Budget November 29, 2024 UK lenders approved the most mortgages in more than two years last month as Britain’s housing market proved resilient ahead of the new government’s first Budget. Banks and building societies gave the green light to 68,300 loans for house purchase in October, according to data from the Bank of England. That figure is the highest [...]
Housing market continues to strengthen as mortgage rates fall October 29, 2024 New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.
On housing, the government’s numbers just don’t add up October 29, 2024 Developers can only build at the rate they can sell, and this is intrinsically linked to mortgage financing. Long-term, fixed-rate mortgages above the 4.5 times income threshold can be part of the solution, says Arjan Verbeek The United Kingdom’s housing market is at a critical juncture. The government has pledged to deliver 300,000 new homes [...]
Millions set for mortgage payment shock this year October 2, 2024 Mortgagors refinancing over the next year will continue to see a big jump in their monthly repayments.
Mortgage approvals hit highest level in two years as housing market recovers September 30, 2024 According to figures from the Bank of England, 64,900 mortgages were approved last month, up from 62,500 in July.
Nationwide offers boost to first-time buyers as mortgage rates cut September 24, 2024 Nationwide announced that it will allow first-time buyers to borrow up to six times their income for a mortgage, becoming the first major lender to offer this significant boost.
Mortgage Advice Bureau shares jump as firm hails ‘growing market momentum’ September 24, 2024 Shares in Mortgage Advice Bureau jumped as much as 15 per cent on Tuesday morning after the financial services firm hailed "growing market momentum" after a "highly challenging 2023".
Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
Rightmove: Average price tag on a home jumped by almost £3,000 in September September 16, 2024 The average price tag on a home jumped by nearly £3,000 in September, according to a property website. Across Britain, the typical price being asked for a home coming onto the market increased by 0.8 per cent or £2,974 to reach £370,759. September usually sees a month-on-month price jump, but this year’s increase of 0.8 [...]
Value of mortgages in arrears hits highest level since 2014 – Bank of England September 10, 2024 Mortgage holders are continuing to feel the pain from the Bank of England’s efforts to combat inflation, according to new figures. Data released by the Bank showed that the value of outstanding mortgages in arrears hit £21.9bn in the second quarter of this year, the highest figure since 2014. This was a 32 per cent [...]