Housing market starting to “hot up” as mortgage approvals soar to a 15-month high July 24, 2015 The housing market is beginning to heat up again as mortgage approvals rose for the sixth consecutive month in June, taking them to a 15-month high. Figures released today by the British Bankers Association showed the number of mortgage approvals rose to 44,488 last month, from 42,876 in May. Remortgaging rose 20 per cent in the [...]
David Cameron’s housing construction shake-up fails to build market confidence: Experts disagree residential planning overhaul is game changer July 12, 2015 Housing developers had a bit of a rollercoaster ride last week. First the Budget rocked shares, with changes to tax relief on buy-to-let mortgages – and then, on Friday, the government unexpectedly put house building at the centre of its plan to boost the UK’s productivity. With the cost of a home jumping by 45 [...]
After UK house price growth slowed in June, is the UK housing market now finally cooling down? July 2, 2015 Augustin Eden, a research analyst at Accendo Markets, says Yes The market is finally cooling down – to the point where it may actually start to contract on an annual basis. There is much to be done until house prices are actually “affordable”, of course. A Bank of England interest rate rise would deter buyers [...]
Mortgage data expected to hint at improvement – London Report June 28, 2015 MORTGAGE approvals data from the Bank of England, out today, is expected to show an improvement in housing market activity during May. The bank is expected to reveal that mortgage approvals for house purchases rose modestly further to be at a 15-month high of 68,500 during the month. GDP growth is likely to be revised [...]
Two graphs that show how expensive living in the UK is – rents are double the continental average June 24, 2015 Private rents in the UK are the highest in all of Europe, analysis by the National Housing Federation shows. Getting a tough ride compared to European counterparts, rents in the UK also take up the largest chunk of people’s salaries, while they are also the least secure. UK rents, according to the analysis, average at [...]
Northern powerhouse project: Finance, science, and tech industries creating two-speed housing market, could boost north June 24, 2015 A big boost for the northern powerhouse project? Areas that have embraced the science, technology and finance industries have enjoyed disproportionately high house price growth, according to research from Savills. The fillip given to areas with a large number of companies in key industries suggests encouraging growth in such industries in the north could lead [...]
UK house prices: Mortgage approvals rise to their highest in 14 months June 24, 2015 Mortgage approvals continued their inexorable rise last month, figures published this morning showed, suggesting growth in UK house prices is unlikely to abate anytime soon. The figures, from the British Bankers' Association, showed mortgage approvals for house purchases rose to 42,530 last month, up from 42,020 in April – and way up on a 20-month [...]
Housing market looking healthy in latest figures – London Report June 21, 2015 EVIDENCE of improvement in the housing market is expected this week when the British Bankers Association releases its mortgage approvals data for May. The figures, out on Wednesday, are likely to show that approvals for house purchases rose for a fifth consecutive month in May, climbing to a 14-month high of 43,800 from 42,116 in [...]
London house prices: Growth in the capital slows to lowest rate since 2012 June 16, 2015 UK house price growth slowed to 5.5 per cent in the year to May, according to data published today by the Office for National Statistics (ONS). London’s market was particularly subdued, falling to 4.3 per cent – the capital's lowest figure since October 2012. Read more: Average property price in Kensington and Chelsea rises by £486,000 [...]
First ever tracker mortgage with interest rate below one per cent June 5, 2015 CHELSEA Building Society yesterday unveiled the first ever tracker mortgage with an interest rate below one per cent. Housebuyers who want to borrow under the scheme need to meet stringent restrictions, including having a 35 per cent deposit and paying £1,545 in fees. But if they can do, applicants are rewarded with an interest rate [...]