Latest mortgage news - Mortgage Buyers
Remortgage buyers fall even though mortgage rates are at their lowest levels
Increased competition between lenders has lowered mortgage rates although 8% fewer homeowners have opted for a remortgage.
Bank of England wants new powers for mortgage lending in the housing market
New powers would allow Bank of England to limit loan-to-value percentages on mortgages to prevent a housing bubble.
Mortgage lending for house purchases slows as UK house prices fall
Data from the Bank of England shows mortgage approval numbers have reduced confirming a slowdown in the housing market.
Mortgage lending limits begin as first time buyers offered discount new build homes
The Bank of England to cool home loan market by limiting the number of people borrowing four and a half times their income.
London house price average over £500,000 as sales of £1m homes expected to rise
The Office of National Statistics (ONS) has released data showing London average house prices are over £500,000 for the first time.
First time buyers require ten times higher deposit than buying in the 1980s
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
UK house price rise starts to slow as demand for Help to Buy may have peaked
Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.
UK house prices rise in August according to mortgage lender Nationwide
Leading mortgage lender Nationwide has released data showing house prices are 0.8% higher in August compared to July.
London housing market leads mortgage lending to a six year high in July
The Office of National Statistics (ONS) reveal that London house prices leads the UK property market to record highs in July.
UK house prices rise by 10.2% according to the Halifax
Leading mortgage lender the Halifax has released data showing house prices have increased by the biggest annual amount since September 2007.
London average house prices rise 19% with signs of a market finally slowing
The average price of property in London has increased by 19% and England and Wales increasing by over 9% in the last year.
Mortgage lenders warn homeowners of higher costs with interest rate rise
The Council of Mortgage Lenders has warned of an interest rate rise from the Bank of England is more likely increasing costs to homeowners.
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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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