The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?
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Monthly Archives: January 2016
Data from the Council of Mortgage Lending (CML) shows gross mortgage lending for 2015 is the highest for seven years as demand remains high.
The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
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From February the new London Help to Buy scheme will offer homebuyers loans up to 40% of the property value to purchase new-build homes.
There were 310,000 first time buyers in 2015 according to the Halifax with an increase in the number taking 35 year mortgages.
Property prices are up 9.5% in the year and a further decline in the number of homes for sale will keep the an upward pressure on prices.