Mortgage lending falls in August for the third month in a row September 29, 2014 The number of mortgages approved fell to 64,212 in August, down from 66,100 in July, data published by the Bank of England this morning showed. The figure fell below analysts' expectations of 65,000, suggesting the housing market is cooling faster than thought. Does this mean Bank of England governor Mark Carney's Mortgage Market Review is [...]
London Report: Housing market stalls and GDP is re-evaluated September 28, 2014 HOUSING data showing fewer mortgage approvals and only modest price increases looks set to show that the UK’s booming property market is finally slowing. Bank of England figures out today are forecast to show that mortgage approvals fell to 66,000 in August from 66,569 in July and 67,085 in June. The numbers are well below [...]
No more UK house price bubble? Mortgage approvals fall to a 12-month low in August September 23, 2014 This could be the end of the house-buying frenzy of early 2014. New mortgage approvals hit their lowest since September last year in August, figures by the British Banking Association showed today, with just 41,588 new mortgages approved during the month, down from 42,715 in July, and 14.1 per cent lower than January's 76-month high [...]
Housing market goes in reverse over August September 10, 2014 A fall in both house sales and mortgage approvals in August has backed growing evidence that the booming property market is at last slowing. A Royal Institution of Chartered Surveyors (RICS) survey showed the number of agreed house sales in August fell for the first time since September 2012, and new buyer enquiries fell for [...]
Size of Help to Buy mortgages getting smaller September 1, 2014 The average size of a Help to Buy mortgage is falling, with the typical loan now nearly £10,000 lower than the limit imposed by one of Britain’s biggest banks. According to Mortgage Advice Bureau (MAB), the average Help to Buy loan now runs to £140,138, down by more than £6,000 from the average in May. [...]
London Report: Economic data to show UK recovery on a steady course August 31, 2014 ECONOMIC data due this week appears to show continuing steady growth in the UK’s economy, with little chance of an interest rate rise when the Bank of England announces its latest decision on Thursday. Mortgage approvals data for July, due today, may have dipped slightly, but analysts expect this weakness to be temporary. Meanwhile manufacturing [...]
Scottish rents rise as estate agents blame tenancy fees ban August 26, 2014 Scottish estate agents are blaming the country’s ban on tenancy fees for a recent rise in rents, indicating that the Labour party may face a similar challenge if it brings in the same rule for the UK after 2015. Your Move, a large network of Scottish estate agencies, argues today that a 2.7 per cent [...]
UK property prices: Mortgage approvals fall as cooling measures take their toll August 26, 2014 Mortgage approvals fell in June as cooling measures introduced by the Bank of England took effect, figures by the British Bankers' Association (BBA) showed on Tuesday. The number of mortgages doled out fell to just under 42,800, from 43,200 in June. Gross mortgage borrowing also fell to £10.9bn in July from £11.1bn in June. But [...]
Mortgage approvals for first-time buyers rise as UK house price growth slows August 11, 2014 Mortgage lending is still being dominated by customers looking to buy houses rather than remortgage, and first-time buyers are on the up. According to the Council of Mortgage Lenders (CML) total gross lending for June was up six per cent on May and 20 per cent up on June 2013, totalling £17.9bn. £4.2bn of that [...]
In graphs: UK house prices rise just 0.1 per cent in July July 31, 2014 First it was the Land Registry telling us and now it's Nationwide: the upward spiral of house prices is coming to an end, at least for now. The latest figures from Nationwide show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase [...]