Latest mortgage news


24 Oct 2015

London leads sharp decline in sales for £1m plus properties

Sales of £1m plus properties are on average 11% in the first half of this year with London leading the fall according to data from Lloyds Bank.

22 Oct 2015

Buy-to-let rental income tax for landlords to increase as tax relief is ended

IMLA has said the end of higher rate tax relief for buy-to-let landlords will limit the supply of rented properties and increase the rents for tenants.

14 Oct 2015

Mortgage lending falls by 9% with remortgage buyers leading the way

House purchase loans were 9% lower for the month of August according to the CML as remortgage buyers reducing by the largest amount.

30 Sep 2015

Mortgage lending at record high as house price north-south divide widens

Figures from the Bank of England show UK mortgage lending has hit a new high with over 71,000 loans approved in August.

29 Sep 2015

One million people are unable to repay their interest only mortgages

Citizen Advice has warned that one million mortgage holders have no plan on how to repay and could face repossession.

25 Sep 2015

Buy-to-let boom is next threat to financial stability says Bank of England

UK buy-to-let landlords are at risk to booms and busts that could magnify a housing market crash the Financial Policy Committee warns.

15 Sep 2015

House prices rise surge greatest outside London, according to ONS

Data from the Office of National Statistics show house prices are rising fastest in the East and South-East of England rather than London.

15 Sep 2015

UK mortgage lending increases to highest levels since the credit crunch

The latest figures from the CML show mortgage lending of £138.6bn so far this year and £20bn for August.

10 Sep 2015

Help to Buy scheme for equity loans hits record numbers for June

The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.

29 Aug 2015

London among UK major cities with strong house price growth this year

Data from Hometrack show the top 20 UK cities with strong house price rise this year exceeding the national average.

28 Aug 2015

Property sales fall by 15% over the year as house prices rise, says Land Registry

The Land Registry report shows the number of sales in England & Wales has reduced by 15% while house prices have continued to increase.

27 Aug 2015

Remortgage buyers secure fixed rate loans ahead of rise in interest rates

The number of remortgage buyers increased by 30% in June as homeowners change to cheap fixed rate loans before interest rates rise.

12 Aug 2015

UK mortgage lending reaches highest levels in seven years, says CML

The Council of Mortgage lenders has reported mortgage loans for house buyers reached £22 billion in July, a new post-crash record.

12 Aug 2015

First time buyers boost mortgage lending in June with 24% more buyers

Mortgage lending by value to first time buyers increased 24% over the month following a poor first half of the year, says CML.

04 Aug 2015

UK house prices increase in July as stamp duty changes take effect

The pace of house price inflation picked up last month and is starting to match earnings growth according to the mortgage lender Nationwide.

29 Jul 2015

Mortgage lending reaches a new high as the housing market picks up pace

Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.

08 Jul 2015

House prices reach a new high due to shortage of new homes

A new report from the Halifax shows average house prices are now over £200,000 pushed higher with a housing supply shortage.

06 Jul 2015

Virgin Money changes lending rules for buy-to-let mortgages

Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.

06 Jul 2015

Homeowners are clearing mortgages in record time due to low interest rates

The Bank of England report shows homeowners are encouraged by the low interest rates to repay mortgages to lenders.

02 Jul 2015

Annual house prices rise at slowest rate for two years

Latest figures from the Nationwide show house price growth is at a two year low bringing average prices to £195,055.

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