There has been some interesting information coming from the Bank of England in recent days. The annual report using information gleaned from surveys of UK households (courtesy of NMG Consulting) has been released, and it contains some intriguing facts and figures. Aside from the data revealed in the report, Bank of England Governor Mark Carney … Continue reading “Bank of England Reveals Mortgage Rate Rises Will Be Gradual”

It is a sobering question to ask to be sure, but one that demands an answer. Recently there have been several news reports focusing on this very question, supported by a slowdown in the number of mortgages being offered in recent months. Are Mortgage Market Review (MMR) rules to blame? It would appear so. The rules came … Continue reading “Are Mortgages Out of the Question for the Over 40s?”

Recent research has borne out the suspicion that some individuals are having a tougher time than others with regard to getting a mortgage or moving up on the housing ladder. Santander has released the results of some recent research it has undertaken in this area, and the information makes intriguing reading. A couple of weeks … Continue reading “Middle Movers Are Struggling to Advance on the Housing Ladder”

The Council of Mortgage Lenders has released the latest information on mortgage lending. It confirms the picture seen in the UK over the past few months, indicating that the housing market as a whole is becoming more settled. £16.9 billion gross lending figure achieved in November This is actually the same figure we saw in November 2013. … Continue reading “Council of Mortgage Lenders Says Mortgage Lending is at Healthy Level”

Good news has been announced for first-time buyers, thanks to the governments Starter Home initiative. Prime Minister David Cameron is announcing the initiative has been fast-tracked so it begins at the start of the New Year. Previously it was slated to begin once the General Election had taken place. What does the scheme offer? The scheme is … Continue reading “Fast-Tracked First-Time Buyer Plan Set to Start in January”

With millions of people going back to the first full week of work after the Christmas and New Year break, concerns about mortgage payments now appear to be rearing their heads. The housing charity Shelter has revealed the results of their research into this area, in conjunction with YouGov. Some 59% of those polled back … Continue reading “UK Mortgage Holders Fear Missing Payments after Christmas”