Mortgage lending may have hit a plateau

Mortgage lending may have reached a plateau – at half of what it was pre-credit crunch, an industry expert has warned David Copland, director of mortgages at property group LSL, was speaking after the Bank of England announced an unexpected drop in mortgage approvals for last month.There were 57,667 house purchase approvals in June, down […]

Conveyancers and Valuers pile on weeks to buying times

Delays in getting valuation surveys carried out and conveyancers struggling with increased workloads are stretching sales out by well over an extra month – leaving buyers’ and sellers’ nerves jangling. The length of time between ‘sale agreed’ and ‘exchange’ is now five weeks longer than normal, according to one agent. Douglas Sleaper, sales director of Townends[…..]

May Mortgage approvals highest since 2009

According to the Bank of England’s Trends in Lending report, out today, mortgage approvals by all UK-resident mortgage lenders for house purchase and for remortgaging rose over the three months to May. Also, the number of house purchase approvals in May was the highest since December 2009. In recent discussions, most major UK lenders reported that[…..]

British housing market gains £156bn in value over last 3 months

 £156 billion was added to the value of British homes during Q2, taking the total value of Britain’s residential housing stock to £6.2 trillion, according to detailed research by The increase was driven by a 2.56% (£5,899) rise in the average property value over the second quarter, which took the average value of a[…..]

Murray gives Rightmove the drop-shot

What were you doing on Sunday, July 7th while Britain’s Andy Murray was playing in his second Wimbledon final? For hundreds of thousands of people the answer was that they were searching for their new dream home on Rightmove. However, brand new research from Rightmove reveals that the conclusion of the final proved so compelling[…..]

Back to bank of mum and dad for second steppers

Almost one in five ‘second steppers’ are considering going back to the bank of mum and dad to help with their next move. The price differential between a typical first-buyer home and a second property is £43,000 – rising to £93,500 in the South-East. Over half (55%) of second steppers believe that they cannot afford[…..]

Pick up in house price growth continued in June

UK house prices increased by 0.3% in June and were 1.9% higher than June 2012 according to latest data from Nationwide. The typical UK home is now worth £168,941 whilst the southern regions of England, especially London, continued to record stronger rates of house price growth. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist,[…..]

Home Sales Reach 3-and-a-half-year peak

Home sales have hit a three-and-a-half-year peak, surveyors have reported, confirming the housing market revival. Chartered surveyors polled by industry body Rics handled an average of 17.9 sales during the three months to May, the highest figure reported since January 2010. While still low by historical standards, the latest survey adds to the picture of[…..]