With all the latest news about the increase in UK property prices, now is a good time to consider moving and putting your house up for sale. (See Average UK House Price Increase article for further details).
If you are seriously considering moving house, the chances are you will also need to obtain a mortgage to purchase your new dream home.
Searching for the best mortgage deal can be a daunting task and we have therefore sourced the latest mortgage lending news stories to provide you with a useful and helpful overview of what is currently happening in the mortgage lending marketplace.
At last, some good news: UK mortgage market is on the up again …
6 days ago … Whisper it quietly, but there is just a touch of boom-times about the UK mortgage market. Cash-rich lenders, flushed with £80bn of readies from …
“Whisper it quietly, but there is just a touch of boom-times about the UK mortgage market. Cash-rich lenders, flushed with £80bn of readies from the Bank of England’s Funding for Lending scheme, are once again competing for borrowers’ attention with eye-catching deals. It’s not quite 2006 and 2007 all over again, but for a fair few credit-worthy borrowers it sort of feels that way.”
UK House Prices in Highest Leap Since September 2010
IBTimes.co.uk, on Thu, 06 Jun 2013 01:02:15 -0700
Two credit easing initiatives – the Funding for Lending and Help to Buy schemes – are making consumer mortgages cheaper and easier to access, though a real cut in pay and high cost of living continues to weigh on household finances. “Market activity …
“Halifax reported house prices were 2.6% higher in the three months to May than the same period a year before, in the biggest annual surge since September 2010. House prices rose 0.4% on the month in May and sit at an average of £166,898. Two credit easing initiatives – the Funding for Lending and Help to Buy schemes – are making consumer mortgages cheaper and easier to access, though a real cut in pay and high cost of living continues to weigh on household finances.”
Why brokers are taking market share off lenders – Pink
Mortgage Solutions (blog), on Tue, 04 Jun 2013 12:20:38 -0700
Mark Graves. Bank of England figures show the mortgage market as largely flat with a growth rate of just 0.7% in the last 12 months, however this flies in the face of the experience of most mortgage advisers at the moment. graves-mark-Linear-MD2 …
” If lending figures are static yet brokers are completing up to 20% more business this can only mean that more people are placing their mortgage business through advisers rather than going direct to a lender. In essence therefore intermediaries must be taking market share away from branch staff and lenders’ other direct mortgage operations. With the sheer volume of new deals coming out every week, along with a much wider range of products available, it means borrowers must feel the need, now more than ever, to go via a mortgage broker to understand the range of products available and to get the best the market has to offer.”
What is happening to rates and how long should you fix for?
This is Money, on Tue, 04 Jun 2013 03:05:08 -0700
“And the average five-year fix has also dropped — from 5.65 per cent last May to 4.83 per cent. … Mortgage lenders have been biting the Bank of England’s hands off to access these funds, prompting it to extend the scheme to June 2015. So should you …
Finding a fixed rate on your mortgage can provide certainty. This is a novelty during these volatile economic times and is a boost for homeowners already navigating surging energy bills, record low interest rates and stagnant house prices. A fixed rate mortgage will mean you know how much is coming out of your account to pay off your mortgage each month. It will also mean you can budget for other bills and costs. But once you have decided to fix, the big question is, how long for? Should it be two years, or is five a better option with record low rates looking tasty? Or is our focus too narrow and would three, four or even ten years be a better choice?”
Sally Laker: All the evidence points to an improving mortgage market
Money Marketing, on Fri, 07 Jun 2013 00:31:37 -0700
Recent statistics from The Council of Mortgage Lenders show that the number of first-time buyers getting on the property ladder rose by 17 per cent in February 2013, which is the best start to a year since 2008. The statistics also show that 79 per …
“Recent statistics from The Council of Mortgage Lenders show that the number of first-time buyers getting on the property ladder rose by 17 per cent in February 2013, which is the best start to a year since 2008. The statistics also show that 79 per cent of British adults would like to become home owners in 10 years time and although this figure was 81 per cent a year ago it is still a chunky percentage. This was further demonstrated by the fact that the number of loans approved for first time buyers increased by 20 per cent in March 2013, worth an estimated £2.4bn, according to the Council of Mortgage Lenders.”
Read more latest mortgage lending news…….
Latest News – Mortgage Advice | Mortgages | Mortgage …
Latest News. Remortgaging up 17 percent. … MAB comments on latest mortgage lending figures. … UK house prices increased by 2.7 percent in the 12 months to March 2013.
Mortgage Industry News | Mortgage Strategy
Read the latest mortgage industry news on the only financial trade website dedicated to the … Net business and mortgage lending falls … UK house prices up 0.4 …
The Independent | Mortgages | Latest Mortgage News and …
Independent Mortgage News – Get the latest updates and reports regarding uk mortgages. Find out more about re-mortgage, mortgage rates and mortgage lenders.
Check out these latest mortgage lending news Tweets…..
RT @SusanHopcraft: Mortgage lenders publish guidelines on lending to pregnant women to prevent discrimination or perception of it: http://t.co/6dtF1UBtUz
Is the FLS working? Net business and mortgage lending falls again: The Treasury select committee has criticise… http://t.co/6bAokyK4cp
Skipton to increase maximum loan size for FTBs to £500,000: Skipton Building Society is increasing its maximum… http://t.co/9UtplcCOau
Mortgage rate cuts at Nationwide – From Wednesday 15 May 2013, Nationwide is reducing all of its rates at 75… http://t.co/f0M6LZ9D5b
The Post Office has cut the rates on its two and five-year fixed mortgage range. … #MailOnline http://t.co/F0h9upEQ8w http://t.co/pyUxs4u2dV
Maybe now is is a good time to start your search for your new dream home!
With UK property prices on the increase, better mortgage deals available and government backed help for first time buyers, the UK property market appears quite bouyant at the moment.
This is positive news for those that are keen to move but have been reluctant to do so, due to the economic down turn. Maybe now is is a good time to start your search for your new dream home!
If you are considering purchasing your next new home in Cambridgehire we recommend viewing this Property For Sale In Wisbech, approximately 20 miles from Peterborough and close to both the Norfolk and Lincolnshire borders.
We hope that you have found this mortgage news article helpful and interesting.
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