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 [...]
UK house prices fall by average of £482 in another signal the property market is cooling March 2, 2015 House prices have fallen for the first time in five months as annual growth in the property market slowed to its lowest rate since September 2013 – yet another signal the market is losing steam. The latest figures from Nationwide show house prices fell 0.1 per cent in February compared to a 0.3 per cent [...]
Construction is rising as home building surges March 1, 2015 PRIVATE home and commercial construction is picking up, industry figures show today, despite continued stagnation in public sector building. Construction activity increased by six per cent in the 12 months to March, led by a 12 per cent jump in private housing schemes, according industry analysts Glenigan. Private sector activity was also helped by a [...]
Housing data shows lending and price rises – London Report March 1, 2015 HOUSING data due this week is likely to show increases in both prices and the number of mortgages being taken out. Bank of England mortgage approval figures, out today, are forecast to show that the number of housing loans rose modestly for a second month running in January after falling for five successive months to [...]
Countrywide predicts rocky 2015 for property market despite record profits February 26, 2015 The figures The UK's largest estate agent, Countrywide, whose brands include Bairstow Eves, Hamptons and John D Wood, announced a 20 per cent rise in total income to £702.2m in its first year as a publicly listed company. Profit before tax rose 63 per cent to a record level of £102.4m, from £62.9m at the same stage [...]