Mortgage approvals fall to lowest level since July 2013 October 29, 2014 Mortgage approvals have fallen to a 16-month low, adding further weight to the argument that the housing market is slowing down. Lenders approved just 61, 267 mortgages in September, figures published by the Bank of England revealed this morning, continuing the decline from a peak at the start of this year. In total, [...]
Land Registry: UK house prices have fallen 0.2 per cent since August October 28, 2014 UK house prices have fallen since August, data published by the Land Registry today showed, offering further evidence of a cooling market. The Land Registry, which uses price paid data as opposed to asking prices, said prices have fallen 0.2 per cent since August, despite rising 7.2 per cent in the year to September. [...]
New mortgage hurdles begin to make impact on property market October 23, 2014 THE NUMBER of mortgage approvals fell for the third month in a row as housing market activity continued to slow. Data released yesterday by the British Bankers Association, a trade body for UK banks, revealed that the number of mortgage approvals in September was 39,271 – a 14-month low. The figure marks a 10 per cent [...]
Mortgage approvals fall again in September as cooling measures take effect October 23, 2014 The number of mortgages approved by banks fell 10 per cent in September compared with a year ago, figures published by the British Bankers' Association showed. The fall came after "cooling measures" introduced by the Bank of England, which make prospective borrowers undergo "stress tests" to figure out whether they can afford a loan, came [...]
UK house prices could fall due to stricter mortgage lending rules October 5, 2014 House prices could fall next year due to stricter rules on mortgage approvals and potential buyers being put off by rate hikes, according to the Centre for Economics and Business Research (CEBR). A combination of rising interest rates and tougher mortgage eligibility could depress demand significantly – enough to cause house price growth to hit [...]
Mark Carney wants power to limit your mortgage if house price boom threatens banks October 2, 2014 The Bank of England wants major new powers to cap mortgage loans, yesterday arguing it may need to rein in the housing market if the price boom starts to endanger banks. Officials want the ability to cap the loan-to-value (LTV) ratio of mortgages, as well as the debt to income ratios of some borrowers. The demands [...]
Mortgages cool fears of bubbles and surprise hike September 29, 2014 LENDING in the UK economy contracted slightly in August as the number of mortgage approvals declined. It signals that the housing market may continue to cool off from its summer highs, which would be consistent with surveys published earlier in the month such as the Halifax house price index. The data released by the Bank of [...]
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 [...]