It was perhaps to be expected given the statistics we have seen over the last few months. Today however it became clear that the housing market across the UK has hit a plateau. The total amount of lending on mortgages during September totalled £17.8 billion. This represented a 1% drop over the figures for August. … Continue reading “UK Housing Market Hits a Plateau”
UK mortgages rose higher than expected during December. Analysts had previously predicted around 59,000 approvals would be made during the final month of 2014. However in reality the number was higher, reaching 60,275 instead. This was significantly higher than Novembers figure, which only reached 58,956. The information comes direct from the Bank of England. The … Continue reading “UK Mortgage Approvals Experience Surprising Upswing in December”
UK mortgage approvals hit a high note to start the year, as 44,657 mortgages were approved in January. Data from the British Bankers’ Association revealed this was the highest figure since last January. It was also up on the number approved in December. 2016 ended with 43,581 being approved, so January’s figure was over 1,000 … Continue reading “UK Mortgage Approvals Reach High Point in January”
The UK Mortgage Freedom Day is calculated as the day when homeowners will have paid the total cost of their mortgage for the entire year. The date is calculated by Halifax, and is based on the average mortgage repayment and the average net income over 12 months. These have been calculated this year as £7,968 … Continue reading “UK Mortgage Freedom Day Fell on 19th April This Year”
New figures published this week has revealed that people in the UK with a mortgage are doing better from current financial conditions than savers. The data, published by the Bank of England (BoE), revealed that UK mortgage-holders paid a total of £1,328 billion in mortgage interest in between December 2008 and December 2011, compared to … Continue reading “UK Mortgage-Holders ‘Better Off Than Savers’”
In a sign that the mortgage market is getting ever tougher for those looking for a mortgage, many UK lenders have confirmed they expect the rate of approvals will drop in the coming three months the third quarter of 2014. The Bank of England has recently released its Credit Conditions Survey which covers the second … Continue reading “UK Mortgage Lenders Predict Fall in Approvals”
The Council of Mortgage Lenders (CML) revealed today that last month UK mortgage lending rose year-on-year for the fifth successive month in a row, although it is still urging caution with regard to Britain’s property market throughout 2012. Figures regularly compiled by the CML show that in December 2011 the total amount of mortgage deals … Continue reading “UK Mortgage Lending Ends the Year on a High Note”
The Council of Mortgage Lenders (CML) has indicated a strong start to the New Year, with healthy mortgage lending figures released for January. A total of £17.9 billion in home loans were granted over the course of the month. Better than December? Actually, no. Decembers total was £19.8 billion, so January was still £1.9 billion … Continue reading “UK Mortgage Market Has Successful Start to 2016”
The new Housing Market Activity Report by Connells Survey and Valuation revealed this week that the UK mortgage market has had its strongest start to a year since 2008. The report showed that the number of surveyors’ valuations for properties destined for the housing market was 10 per cent higher in the first quarter of … Continue reading “UK Mortgage Market off to Flying Start in Q1”
For many people, mortgage payments are the most significant cost to be borne out of their finances each month. But according to a new report by the Family and Childcare Trust this is no longer the case. Indeed, full time childcare is estimated to be around £11,700 every year. This applies to a family with … Continue reading “UK Mortgage Payments are Now Lower than the Cost of Childcare”