Data from the Treasury shows that 80% of borrowers of the controversial Help to Buy scheme are first time buyers mainly from outside London.
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Monthly Archives: May 2014
The UK largest lender, Lloyds Banking Group, will limit mortgage lending to four times on loans of £500,000 to homeowners.
The current rate of house price inflation is not a major concern for the Bank of England as a property recovery was expected.
Mortgage lender Nationwide released data showing house prices in the UK are 10.9% higher for the year the first double digit rise since April 2010.
The OECD has warned that UK house prices were rising at an alarming rate when compared to rents and household income.
House price surge is the biggest threat to UK financial stability according to the deputy Governor of the bank of England.