There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.
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Category Archives: Buy-to-let
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
The court of appeal rules against West Bromwich for raising tracker mortgage interest rates, in favour of the buy-to-let landlord customers.
Proposals in the government’s Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.