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Is Era of Lowest Ever Average Fixed Rates About To End | Mortgage Advice
Is era of lowest-ever average fixed rates about to end?
Is era of lowest-ever average fixed rates about to end? 1024 576 NGI Residential Mortgages

A lot can change in a year. In October 2017, Theresa May was making noises about seeing off a leadership challenge amid party infighting, Jeremy Corbyn talked of preparing for an upcoming general election and all the press could write about was Brexit. Well, OK – only some things change, including mortgage rates. According to…

Mortgage industry reacts to help to buy rumours
Mortgage industry reacts to help to buy rumours 1024 576 NGI Residential Mortgages

Following the recent reported speculation over the future of the Help to buy scheme, Mortgage Strategy sought the views of some key voices in the industry on if they believe that HTB has been a success, and what its future may look like. “Clarity is required on how Help to buy is going to look beyond 2021 and…

UK rents rise at fastest monthly rate since April 2016
UK rents rise at fastest monthly rate since April 2016 1024 576 NGI Residential Mortgages

The latest rental data provided by Landbay shows that average rents in the UK rose 0.13 per cent in August, the highest monthly increase since April 2016. On an annual basis, UK rents grew by 0.97 per cent, which is the highest level since May 2017 and, excluding London, 1.25 per cent. This compares to 1.18…

Most borrowers protected from rate increase | UK Property News
Most borrowers protected from rate increase
Most borrowers protected from rate increase 1024 576 NGI Residential Mortgages

UK Finance believes that most borrowers won’t feel any adverse effects from the recent base rate rise to 0.75 per cent. The trade body reports that this is because 95 per cent of new loans taken out as of May were of the fixed rate variety and that at the end of 2017, more than…

Landlord confidence hits 18 month high | Property Rentals
Landlord confidence hits 18 month high
Landlord confidence hits 18 month high 1024 576 NGI Residential Mortgages

Research from BM Solutions shows that landlords’ confidence in their own letting business is up 8 per cent year-on-year – an 18-month high. Meanwhile, despite the average rental yield hitting 6.2 per cent – the highest since Q4 2014, confidence in yields dipped by 3 per cent in Q2, an annual change of zero. All…

House prices up 0.6% in July | UK Property News | Residential Mortgage Specialists in Oxfordshire
House prices up 0.6% in July
House prices up 0.6% in July 1024 576 NGI Residential Mortgages

UK house prices grew 0.6 per cent from June to July, or 2.5 per cent on an annual basis, according to Nationwide’s July house price index. The average house price now stands at £217,010. This is a slight improvement on last month’s numbers, when prices grew by 2.0 per cent. “Nonetheless,” says Nationwide chief economist…

Gross Mortgage Lending | Mortgage Approvals
Gross mortgage lending up 4 per cent in 2017
Gross mortgage lending up 4 per cent in 2017 1024 576 NGI Residential Mortgages

Mortgage approvals increased nationally by 3 per cent from May to June, reaching 66,435, according to e.surv’s Mortgage Monitor survey. This rise comes on the back of 6.4 per cent growth from April to May. Delving into the numbers, the survey reveals that 23.4 per cent of borrowers were first-time buyers with a small deposit…

Nearly 20% of new builds completed in England “affordable”
Nearly 20% of new builds completed in England “affordable” 1024 576 NGI Residential Mortgages

A Lichfields report commissioned by the Home Builders Federation reveals that of the 217,350 net additional houses added to England in 2016/17, 41,530 were classed as being affordable – nearly 20 per cent. In Wales, this figure increases to 38 per cent, with 2,547 out of 6,704 completions being added to the affordable supply. Among…

Mortgage Approvals | Low Mortgage Rates | New Mortgages
Mortgage approvals rise in June
Mortgage approvals rise in June 1024 576 NGI Residential Mortgages

Mortgage approvals increased nationally by 3 per cent from May to June, reaching 66,435, according to e.surv’s Mortgage Monitor survey. This rise comes on the back of 6.4 per cent growth from April to May. Delving into the numbers, the survey reveals that 23.4 per cent of borrowers were first-time buyers with a small deposit…

Interest Rate Rise | Mortgage Advice
Rate rise back on the cards as Carney welcomes data
Rate rise back on the cards as Carney welcomes data 1024 576 NGI Residential Mortgages

Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing…