UK prices increase with rise in price of average London homes

UK house prices has got increased by 6.1% in this year till last month with London and the South in leading, whereas it was 5.5% in August with average UK property price to £286,000 according to a survey. The East and South East have got increased largely by 8.4% and 7.4% respectively. London prices have Read More

Help to Buy: Mortgage Guarantee boosts up high-LTV lending

The Help to Buy: mortgage guarantee scheme has enhanced first-time buyer lending and higher-LTV mortgages, according to recent reports. The number of 95% LTV mortgages has got twice in overall activity in the first 18 months of HTB mortgage guarantee scheme. However, the reports say that first time buyer and 95% LTV lending activity has been Read More

UK buy-to-let lending rises

Lending to the buy-to-let market has been increasing from last month; the value of buy-to-let mortgages for house purchase was 36.4% higher in September than in the same month last year, 61% higher for buy-to-let remortgaging and the gross lending on buy-to-let in the third quarter rose by 24% compared to the previous three months. The buy Read More

UK mortgage approvals drop down

On Contrary to experts’ expectations, the number of approvals in UK mortgages has suddenly dropped in this quarter for the first time in the past four months. The mortgages rose significantly in August reaching the highest level since early 2014. The mortgage lending reached its peak in September since 2008, although the number of approvals Read More