Housing market Rises

Mortgage approvals for house purchases have risen again in November as the market has now recently confronted seasonal winter slowdown. According to Bank of England money and credit report, loan approvals for house purchases are 70,410 in November. Remortgaging approvals reached 39,161, with the average over the previous six months. Richard Pike, Phoebus Software sales Read More

Buy to let up over 42pc year on year

The buy to let market continuing its sturdy performance since November, as sales were up by 42.8% year on year, according to Equifax Touchstone research. Overall mortgage sales fell by 8.4% between October and November, but in the same time last year they dropped considerably by 16%. The average value of a buy-to-let mortgage this Read More

House prices in UK are expected to rise further due to lack of supply

House prices in the UK are expected to continue rising during 2016 due to a lack of properties in the property market, according to the latest index report. The properties that are currently in sale are 16.7% fewer than in the year 2014 December and the firm says that this is creating price hikes that Read More

Hiking Purchase approvals

The overall house purchase approvals rose up to 70,511 in November which is up by 1.3% from 69,630 in last month, shows a research from e.surv. Regardless of the rise, small deposit borrowers are falling on contrary with overall house purchase lending, with 16.3% of approvals granted. Richard Sexton, director of e.surv chartered surveyors, says:”Mortgages Read More