Lenders have increased the cost of fixed rate mortgages after the Bank of England signal the end of cheap borrowing.
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Monthly Archives: June 2014
The number of mortgage approvals have reduced in the last four months following the Mortgage Market Review and worries about interest rates.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
As the demand for low deposit loans increases George Osborne gives the bank of England power to cap risky mortgage lending.
The average price of a UK home last month has increased by the biggest margin for ten years according to the Halifax.
The European Commission is concerned with Britain’s house price inflation calling on the Chancellor to “deploy appropriate measures”.