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First Time Buyers Numbers Up Across UK | Mortgage Help for First Time Buyer
First-time buyer numbers up across UK
First-time buyer numbers up across UK 1024 576 NGI Residential Mortgages

All regions of the UK saw an increase in first-time buyer activity in the first three months of the year compared to the same period last year, according to UK Finance’s latest regional trends data. Despite ongoing Brexit uncertainty, FTB numbers were up in London, Scotland, Northern Ireland and Wales. Northern Ireland saw the strongest…

Historical Interest Rates | UK Mortgage Interest Rates
Rise and fall: historical interest rates in the UK, 1979-2019
Rise and fall: historical interest rates in the UK, 1979-2019 1024 576 NGI Residential Mortgages

A timeline of key events and data relating to historical interest rates in the UK, 1979-2017. Historical antecedents  Interest rates were very stable in the UK during the 18th century, staying put at between 4 and 5 per cent. Moving into the 19th century, there was more volatility, with interest rates shifting between 4 and…

New Property | UK Property Listings | Improvement in UK Property Market | Mortgage Help Witney
New property listings rise in February: Housesimple
New property listings rise in February: Housesimple 1024 576 NGI Residential Mortgages

The number of new properties listed for sale rose in February, according to Housesimple. Data collected by the firm shows that new property listings rose by 11 per cent nationwide between January and February – from 52,207 to 57,992. In addition, the amount of new stock in London rose by 8.1 per cent in the…

Buying and Renting | Mortgage Payments | House Rental Charges
Costs between buying and renting narrowest for nine years: Halifax
Costs between buying and renting narrowest for nine years: Halifax 1024 576 NGI Residential Mortgages

The annual costs between buying and renting has shrunk to its smallest difference in nine years, according to Halifax. Data collected by the building society shows that the annual savings for a homeowner in 2018 over a renter were £366, down from £900 in 2017. The data defines housing costs as comprising mortgage repayments, maintenance,…

Buy To Let | Advice on Buy To Let Market | Mortgage Advice Oxfordshire | Buy To Let Oxford
Buy To Let product choice highest since 2007: Moneyfacts
Buy To Let product choice highest since 2007: Moneyfacts 1024 576 NGI Residential Mortgages

The number of buy to let products currently available has reached its highest level since the financial crisis, says Moneyfacts. Landlords now have the choice of 2,162 BTL mortgage products. The largest number available prior to this was in October 2007, when there were 3,305 products on the market. Within the past year there has…

UK House Prices Rise | Slow House Price Raise | NGI Residential Mortgages
House prices rise at slowest rate since 2012: Your Move
House prices rise at slowest rate since 2012: Your Move 1024 576 NGI Residential Mortgages

House prices rose at their slowest rate since April 2012 in November, at 0.2 per cent since October, and 0.9 per cent on an annual basis. This leaves the average house price in England at Wales at £305,522, which is £2,724 more than this time last year. Your Move adds that despite this downbeat news,…

Mortgage Applications | Challengers for Property Buyers | Residential Mortgage Advice in Oxfordshire
Mortgage applications “challenging” for buyers: Experian
Mortgage applications “challenging” for buyers: Experian 1024 576 NGI Residential Mortgages

Nearly a quarter (24 per cent) of homeowners believe applying for a mortgage is the most challenging part of buying a house, according to Experian. The credit reference agency questioned homeowners with many saying the mortgage application process was more challenging than securing a deposit, despite more than a third (33 per cent) of first-time…

Remortgaging | UK Remortgaging High | Mortgage Advice
Remortgaging activity highest since 2008: UK Finance
Remortgaging activity highest since 2008: UK Finance 1024 576 NGI Residential Mortgages

Data from UK Finance reveals that homeowner remortgaging activity in October grew 23.2 per cent on an annual basis, numbering 50,500 new transactions and hitting £9.2bn in value, up 22.7 per cent annually. Analysis of the data shows that, with a total of 400,700 remortgages having been completed from the start of the year to…

Average two-year rate at 2.53%
Average two-year rate at 2.53% 1024 576 NGI Residential Mortgages

Moneyfacts data shows that the average two-year fixed rate mortgage has ticked up slightly to 2.53 per cent. On 19 October, the rate stood at 2.52 per cent, coming off the back of a rate of 2.48 per cent, its lowest average since last April. Moneyfacts finance expert Charlotte Nelson comments: “We recently saw a…

Mortgage Industry Reacts to Budget 2018 | Mortgage News Update
Mortgage industry reacts to Budget 2018
Mortgage industry reacts to Budget 2018 1024 576 NGI Residential Mortgages

Yesterday, chancellor Philip Hammond delivered the final Budget before the UK plans to exit the EU. Amid the claims to an “end to austerity” and tax relief for small businesses there was a handful of housing-focused announcements, which consisted of an additional £500m to the housing infrastructure fund (among other building initiatives), the removal of…