The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.
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Monthly Archives: February 2016
House prices are higher by 6.7% over the year and out of reach for many as London and the East are leading the regions.
New stamp duty tax from April has seen a surge of buy-to-let landlords with the increase demand increasing the price of homes.
The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
An MP committee has found that 40% of ex-council homes sold using right to buy are now privately rented properties.
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.