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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…

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…