Cheaper rates lift approvals to six-month high March 30, 2015 MORTGAGE approvals climbed to a six-month high in February, according to figures released by the Bank of England yesterday Mortgage approvals for house purchases numbered 61,760 in February, up from 60,707 in January. Net mortgage lending rose by £1.74bn, the fastest growth in three months. Recent surveys of the housing market have shown a cooling [...]
Mortgage approvals soar to a six-month high in February March 30, 2015 Mortgage approvals soared to a six-month high in February, data released by the Bank of England today shows. Threadneedle Street said mortgage approvals rose to 61,760 in February, which was up from 60,707 in January.This marks the third consecutive month of growth since approvals hit a 17-month low of 58,944 in November. Despite the gains mortgage [...]
UK house prices: March’s Nationwide house price index reveals more proof the property market is cooling March 27, 2015 House prices in the UK inched up just 0.1 per cent in March, a further signal the property market is continuing to cool. That number took annual growth to 5.1 per cent, down from February’s 5.7 per cent, the seventh consecutive monthly slowdown in growth. That means growth is now at an 18-month low. “Economic [...]
Brits expecting strong year for house prices March 25, 2015 HOMEOWNERS and prospective buyers are expecting elevated house price growth over the next 12 months. It comes after a dip in expectations in February, which looked to be the beginning of a welcome slowdown in the market after a year of rapid growth and declining affordability. The Halifax house price optimism index released today rose [...]
Mortgage approvals roar to five-month high as recovery “takes hold” March 25, 2015 Mortgage approvals have the wind of low borrowing rates in their sails and have stormed to a five-month high. The number of mortgage approvals jumped to 37,305 in February, up from 36,517 in January. A bit of context is revealing: they are still 20 per cent lower than in February 2014. What is more, approvals [...]
Mortgage loan slowdown may be at an end as house prices predicted to rise March 17, 2015 Mortgage lending dropped again in January, industry data showed yesterday, as the market continued to plateau. But economists think this weak spell could be at an end, with lending set to pick up across the rest of 2015. The month saw 22,400 home movers take out mortgages, according to the Council of Mortgage Lenders (CML), down [...]
Small deposit mortgages up March 11, 2015 MORTGAGE lending for borrowers with smaller deposits is rebounding. Higher loan-to-value (LTV) lending made up 16.9 per cent of house purchase approvals in February – the largest proportion since September, figures from chartered surveyors E.surv show today. “Lending to lower-deposit borrowers is back on track,” said Richard Sexton, director of e.surv. “Higher LTV borrowers took [...]
Spanish house prices climb at their fastest pace for six years March 9, 2015 House prices in Spain are rising at their fastest rate since 2008, official statistics showed yesterday. Residential property prices climbed by 1.8 per cent in the final three months of 2014 compared with the same period a year earlier, according to Spain’s national statistical office. For 2014 as a whole, prices were 0.3 [...]
General election jitters? UK house prices fall off the boil in February March 5, 2015 The path to house price equilibrium is an undulating one. After a 1.9 per cent spike in January the average cost of a house fell by 0.3 per cent month-on-month in February, according to the latest data from Halifax. This put the price of the average home slightly lower at £192,372, with some analysts suspecting [...]
UK house prices: Rise in mortgage loans could mean slowdown is ending March 2, 2015 Mortgage approvals edged up in January, Bank of England figures showed yesterday, hinting that the slowdown in the market could be coming to an end. A total of 60,786 loans were approved in January, up from 60,349 in December. However, that is still down from 75,559 in January 2014. “A second successive – albeit small [...]