More homebuyers in their 40s are unable to buy or remortgage their homes with tougher rules and rising house prices.
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Monthly Archives: November 2014
The number of mortgage approvals have reduced according to the British Bankers’ Association (BBA) by 16% over the year.
Plans by both the Labour and Liberal Democrat parties would impose a mansion tax for properties worth £2 million or more if they win the election.
Data from the Council of Mortgage Lenders (CML) shows mortgage lending is up while house price rise is higher over the year.
New CML data shows a dip in mortgage lending to first time buyers as Savills predicts house prices in London to stall next year.
A report by lender Kent Reliance shows the value of buy-to-let property owned by landlords is at £930.7 billion increasing 13.3% in the last year.