UK mortgage approvals surge in December January 27, 2020 British banks approved the most mortgages in four years in December, data from banking body UK Finance has shown, in the latest sign of green shoots in the UK economy. Yet mortgage lending in the UK fell in 2019 overall as the Britain’s housing market struggled under the weight of Brexit uncertainty, according to the [...]
Mortgage approvals jump in November December 30, 2019 Mortgage approvals jumped 6.8 per cent last month, reaching the highest level in almost two years. Remortgage approvals soared 12.7 per cent during the month while gross mortgage lending dipped 3.3 per cent last month compared to the same month last year. Read more: First time buyer mortgage approvals increase in October EY Item Club [...]
First-time buyer mortgage approvals increase in October December 17, 2019 The number of first time buyers securing mortgages jumped in October, according to the latest data. There were 32,260 new first-time buyer mortgages completed, 2.8 per cent more than in October last year. Read more: UK mortgage lending dips as buyers hesitate in Brexit uncertainty The number of homemover mortgages completed in the month grew [...]
London house prices finally show ‘signs of life’ in one per cent October rise November 27, 2019 London house prices started to show “signs of life” last month due to renewed buyer demand and a shortage of property coming to the market. House prices in the capital grew one per cent year on year in October following a period of year-on-year price falls. In October 2018 London house prices dropped 1.1 per [...]
UK mortgage lending dips as buyers hesitate due to Brexit uncertainty November 26, 2019 UK mortgage lending dipped in October as buyers hesitated due to economic and political uncertainty caused by Brexit and the upcoming General Election. Gross mortgage lending across the residential market last month was £25.5bn, a dip of 0.9 per cent compared to October 2018. Read more: New rules announced to help UK mortgage prisoners Mortgage [...]
Mortgage approvals boosted as buyers rush ahead of Brexit October 29, 2019 Mortgage approvals were boosted last month as prospective buyers rushed to complete home purchases ahead of the 31 October Brexit deadline date. The latest figures from the Bank of England (BoE) showed mortgage approvals for house purchases reached 65,919 in September after falling to a three-month low of 65,681 the previous month. Read more: New [...]
New rules announced to help UK mortgage prisoners October 28, 2019 The City watchdog has removed barriers to help trapped mortgage customers switch to a better deal. The Financial Conduct Authority (FCA) today confirmed the introduction of new rules to help so-called mortgage prisoners, which are consumers who would benefit from switching but are unable to change to a more affordable mortgage despite being up-to-date with [...]
UK mortgage approvals slip to six-month low October 24, 2019 The number of new mortgages approved by UK banks fell to a six-month low in September, survey data has revealed, suggesting Britain’s property market is slowing as Brexit uncertainty continues. Read more: UK house prices suffer slowest October rise since 2008 Banking trade association UK Finance said banks gave the green light to 42,310 loans [...]
First time buyer mortgages hit 12-year high October 15, 2019 The number of first time buyer mortgage completions in August soared to the highest level since before the financial crisis. There were 35,010 mortgage completions for new buyers – an increase of 0.7 per cent on August last year – reaching the highest level since 2007. Read more: Mortgage approvals grow despite Brexit uncertainty Andrew [...]
UK house prices grow at slowest rate for six years October 7, 2019 UK house prices grew at their slowest annual rate in six years in September, a closely-watched gauge has revealed, as Brexit uncertainty continues to smother activity in the sector. Read more: UK house prices: Brexit holds back September growth House prices grew by just 1.1 per cent over the last year, undershooting economists’ expectations of [...]