Fixed rates getting popular

The popularity of fixed mortgage rates has reached new heights with 96% of homebuyers choosing to fix during September for the second successive month Advisors suggest that now is a good time to fix, as mortgage rates have already started to hike up. Borrowers can also benefit from record high product numbers. The average two-year fixed Read More

Mortgage lending rises 25% in a year

Mortgage approvals rose over 24% in the year to September motivated by recovery in remortgaging. Remortgages leapt 40% over the year, against a 14% rise in house purchase approvals. Latest report shows that gross mortgage borrowing was £12.1 bn in September which is 17% higher than last year. Borrowers now are rushing to fix the Read More

Bridging lending increased by 27pc

Gross bridging lending is heaved to increase by 27% in the year from August with the quarter, now providing £2.9bn of finance for borrowers, according to a lender. This proves a considerable increase on the annual lending figures in last year, where the market has been accounted of lending for £2.2bn. Expert says: “The increase Read More

Increased market activity on buyers demand

The property market is keep increasing over in September which is up by 5.4% in last year. There were 106,030 residential property transactions in September, which made a small rise of 0.8% in August, according to a report. The housing transaction activity changes are common, wherein the transactions are still 5% higher marking a hopeful Read More

Earning of Buy to let investors: 10% a year

Buy-to-let investors in England and Wales have got the benefit of total returns of nearly 10% in the past year. Landlords’ gross rental yield rose to 5.2%, while the rising property prices took the Landlords’ average annual return to 9.4%. A daily report says that rent have gone up on all-time record of £816 a month Read More