Mortgage advances value jumps 27% in a year: BoE
Mortgage advances value jumps 27% in a year: BoE 1024 576 NGI Residential Mortgages

The value of gross mortgage advances made in the first quarter of this year came to £83.3bn, says the Bank of England, which is 26.5% higher than in Q1 2020. This is the highest level seen since Q4 2007, when the value came to £86.6bn, the bank adds. It also says that the outstanding value…

Help to Buy scheme sees 40% rise in uptake
Help to Buy scheme sees 40% rise in uptake 1024 576 NGI Residential Mortgages

There was a 40% rise in use of the Help to Buy scheme in the final quarter of 2020 on an annual basis, latest government figures show. The data shows that 21,026 properties were bought using the scheme in Q4 2020 compared to 15,049 in Q4 2019. In total, 49,714 properties were acquired through Help…

House Prices Rise | Mortgage for New Home | Mortgage Help
House prices to rise in June but still 11% below December peak
House prices to rise in June but still 11% below December peak 1024 576 NGI Residential Mortgages

House prices are forecast to pick up in June after several consecutive month-on-month declines in the early months of the year from a peak of £343,198 in December, according to analysis by Reallymoving. The website captures the purchase price buyers are planning to pay when they search for conveyancing quotes through its comparison service. Buyers…

Most borrowers protected from rate increase | UK Property News
Strongest sellers’ market for a decade
Strongest sellers’ market for a decade 1024 576 NGI Residential Mortgages

Average asking prices increased by 2.7 per cent to £321,064 in the year to March, according to Rightmove, which says it is the strongest sellers’ market for a decade. Month on month, prices rose by 0.8 per cent or £2,484, while the number of potential buyers enquiring about each available property reached a record high.…

Stamp duty holiday threshold of £250k from July
Stamp duty holiday threshold of £250k from July 1024 576 NGI Residential Mortgages

The stamp duty holiday has been extended until the end of June, the chancellor confirmed in today’s Budget. The tax break introduced last year, and due to end on 31 March, will continue to apply to properties for sale up to a threshold £500,000 until 30 June. Rishi Sunak added that the nil rate band…

House purchase approval number highest since 2007
House purchase approval number highest since 2007 1024 576 NGI Residential Mortgages

The number of house purchase approvals made in 2020 came to 818,500 in 2020, describes data from the Bank of England. This, it says, is the highest number seen in a single year since 2007 and comes off a record low of 9,400 approvals recorded in May 2020. “Recent strength in approvals has more than…

Residential housing transactions up by a third in December
Residential housing transactions up by a third in December 1024 576 NGI Residential Mortgages

The number of residential housing transactions in the UK was 31.5 per cent higher in December 2020 than in the same month the previous year. The provisional seasonally adjusted figure from HMRC shows 129,400 residential housing transactions took place in December last year, a rise of 13.1 per cent compared to November 2020. The HMRC…

Seasons Greetings 2020 | Christmas Mortgage | Free Stamp Duty
Seasons greetings
Seasons greetings 1024 576 NGI Residential Mortgages

Here at NGI Residential Mortgages, once again it has been a busy year and we feel privileged to have been able to support so many individuals and families. We thank you for your support and look forward to helping again in 2021. Over the Christmas period our office will close at 12pm on Thursday 24th…

Mortgage approval numbers hit new highs
Mortgage approval numbers hit new highs 1024 576 NGI Residential Mortgages

Mortgage approval totals for house purchases rose again in October after spiking in September, rising from 92,000 to 97,500, show Bank of England figures. This, it says, is the highest number counted since 2007 and is 33 per cent higher than the figure seen in February of this year. October’s purchase approvals equaled £20.6bn in value…

Mortgage Approvals | Low Mortgage Rates | New Mortgages
Property sales surge 21% in September
Property sales surge 21% in September 1024 576 NGI Residential Mortgages

The number of residential property sales registered across the UK in September increased by 21.3 per cent on the previous month to 98,010, data from HM Revenue & Customs reveal. The provisional seasonally adjusted figures are based on the number of residential transactions for which stamp duty or equivalent land taxes were paid, therefore the…

Bank of Mum & Dad | Help with Mortgage | Find a Mortgage for Your Child
Reliance on bank of mum and dad growing
Reliance on bank of mum and dad growing 1024 576 NGI Residential Mortgages

The proportion of house sales reliant on funds from the bank of mum and dad will rise from 19 per cent in 2019 to 23 per cent in 2020, shows research from Legal and General. Although the proportion of these is growing, real numbers are down, the research adds. In 2019, the BoMaD raised £6.3bn…

Advice on Stamp Duty | How to Save Money on Stamp Duty | Mortgage Advice Witney
Stamp duty holiday drives summer boom
Stamp duty holiday drives summer boom 1024 576 NGI Residential Mortgages

Estate agency Kinleigh Folkard & Hayward reports that it has seen unprecedented demand from both buyers and sellers since the chancellor announced a stamp duty holiday last month. The company says properties in the £600-£700,000 price range have seen the greatest surge in interest from buyers. Meanwhile, there has been an 80 per cent increase…

Buy to Let for Second Properties | Mortgage for Buy To Let | Mortgage for Second Property |
Brokers see growing interest in holiday lets
Brokers see growing interest in holiday lets 1024 576 NGI Residential Mortgages

Criteria searches by brokers have revealed a growing interest in holiday lets among buy-to-let clients, according to the latest data from Knowledge Bank. It comes after numerous lenders have returned to the sector or started offering the products for the first time and overseas travel restrictions have prompted increased demand for UK holiday rentals. Brokers…

House In Multiple Occupation | HMO Advice Witney | Help with HMO in Oxford | Buy to Let for HMO
House in multiple occupation
House in multiple occupation 1024 576 NGI Residential Mortgages

Being a landlord can be hard work and whilst undoubtedly there are financial benefits to having a large property portfolio it is not without its headaches. Did you know though that there is an easier way to get an even better return on your investment? HMO’s (House in Multiple Occupation) are classed as properties with…

The Benefits of a Remortgage | Remortgage Witney | Help with Remortgage | Can I Remortgage | Remortgage Advice Oxford
The benefits of a remortgage
The benefits of a remortgage 1024 576 NGI Residential Mortgages

There are numerous reasons for remortgaging. Your current deal might be about to expire or there are better interest rates available. The value of the home has grown quickly, and you could benefit from a different deal. You want to fix your interest rate for the next 5-years. You could be considering a new facility…

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