Latest mortgage news - Mortgage Buyers
First time buyers at highest level since 2007 according to Halifax
The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.
Mortgage lending continues to slow - latest data from CML
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
First time buyers under age 40 are offered 20% discount on new build homes
New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.
Homebuyers in their 40s are struggling to secure mortgages with new rules
More homebuyers in their 40s are unable to buy or remortgage their homes with tougher rules and rising house prices.
Mortgage lending falls by 16% as house price growth begins to slow
The number of mortgage approvals have reduced according to the British Bankers' Association (BBA) by 16% over the year.
Mortgage lending increases as UK house prices continue to rise
Data from the Council of Mortgage Lenders (CML) shows mortgage lending is up while house price rise is higher over the year.
First time buyer mortgage lending falls as London house prices expected to stall
New CML data shows a dip in mortgage lending to first time buyers as Savills predicts house prices in London to stall next year.
Buy-to-let landlords to own £1 trillion of property value by 2015
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.
Mortgage approvals at 14 month low indicates cooling housing market
Data from the Bank of England points towards a cooling UK housing market as figures show mortgage approvals are lowest since July 2013.
London property market slowdown sends Foxtons share price 20% lower
As property prices in London begin to slow the share price of the capitals best known estate agents falls following a profit warning.
Equity release loans popular with homeowners as property values rise
People borrowing equity in their property has reached the highest levels since records began says the Equity Release Council.
UK house price growth is slowing, says the Halifax
Homeowners can expect a considerable slowdown in house price growth with only a 0.6% rise this month based on Halifax data.
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Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.
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