Sellers discounting asking prices in southern cities, says Hometrack

Home sales have slowed and housing price inflation in the southern regions of England has also slowed. Discounts of 5% are are common now across South England with discounts of up to 9.6% in the city of Aberdeen. Larger city prices and inflation in the north have held stronger but are showing signs of slowing. […]

UK Economy Risks Being Dragged Down by Shoppers’ Brexit Worry

I think speculation about mortgage rates creates high volatility in the mortgage market, but despite rumors that interest rates would increase, new home purchases and mortgages only marginally declined. Despite high credit worthiness standards, the home buying and mortgage market seems to be steady and solid. It is cause for concern that lending standards are […]

UK house prices slip as market loses momentum

There is no sun on the horizon for Britain’s housing market. Prices fell for the third time and the recent upturn is at a slow, turtle-paced crawl. The Bank of England’s announced raise in interest rates isn’t going to help matters. This poor outlook for the real estate market is good news, however, for the […]

Mortgage approvals hold steady in April: Bank of England

Mortgage lending criteria has a massive influence on the number of people obtaining first time mortgages, or attempting to refinance an existing mortgage. Having high credit requirements is a necessity to prevent defaults, but it also prevents too many people from purchasing a home using a mortgage. It is better for individuals to own their […]

First-time buyer mortgage rates fall

If you are buying a home for a first time, there is good news: fixed rates have fallen in the past two years. Providers have also begun offering incentives to lure customers into the housing market, but you should heed some advice. Research the area you want to live, know the deal you want to […]

Gross Mortgage Lending Up Annually in April

Mortgage loans and approvals hit a slough in the UK in March et seem to be recouping steadily and well in April. Mortgage loans took an uptick of more than 13%. The pendulum for gross mortgage loan swung upwards, past the 20 billion pound mark. Remortgages, interestingly, had a lot to do with those new […]

Subdued property market sees prices and sales fall across the UK in March

House values are going up in the UK, but prices are dropping. Home sales have been falling nation wide which is better for the consumer. With home sales dropping, buyers will have a better chance at choosing the home they want. Home buyers will also have flexibility and negotiation power in the current market. This […]

Proportion of people searching for tracker mortgages ‘rose in May’

In the month of May, many people in the UK started using mortgage trackers, to see if there are better options out there to pay for their homes. Tracker deals only are beneficial if the rates stay low. If the rates rise you may end up paying more than previously thought. The bank of England […]

UK House Price Index for March 2018

The index dipped slightly from February to March, going down about 0.2%. While this trend can be concerning for short term sellers, typically prices are more flat in the winter when buyers are less eager to move and find a new place. Overall the average increase is 4.2% over a year, putting the price of […]

Nationwide’s mortgage lending slumps by a third

Nationwide is renowned for their ability to extend mortgage lending services. But recently, Nationwide has seen mortgage lending slump by a significant extent. Their figures have actually slumped by a third in recent months. That is cause for concern and people want to see Nationwide improve those figures. Follow their service package and get to […]