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Latest News
Mortgage Fees Up
Moneyfacts has found that mortgage fees have risen by 68.5% over the last 12 months despite interest rates at a historic low of 0.50%.
Whilst the fees on 90% and 95% loans have risen by 11%, the average fee for a 60% LTV mortgage has risen by 42%.
“When making regular pu... read more
House price rise expected, reports London Mortgage Advice
Homeowners surveyed by Zoopla said they expected house prices to rise over the following quarter.In October, this was 59%.
Down from 2.7% predicted over the past three months. This compares with figures from Halifax’s December House Price Index revealed that house prices dro... read more
Mortgages still low
According to the Bank of England mortgage approvals are still less than half the level recorded in the run up to the banking crisis in 2007.
Further more house lending rose by £0.6bn, less than the previous six-month average of £0.7bn.
Whereas gross lending secured on dwell... read more
Buying cost less than renting reports North London Mortgages Broker
According to the latest statistics from property website Zoopla.co.uk, buying now is more attractive than renting in 47 of the 50 largest towns across the country.
This has been caused by the continued mortgage drought and the rising demand for rental properties has led to ren... read more
Mortgages becoming more affordable for first time buyers, reports London Mortgage Brokers
According to the CML and as low interest rates continue to persist, monthly mortgage payments for first-time buyers are at their most affordable level for nearly eight years.
With monthly mortgage payments taking up an average of 9.2% of their income, affordability for home mo... read more
First time buyers stimulating the market
According to the latest housing market activity report by Connells, first-time buyer demand drove a monthly increase in mortgage market activity in November.
Following a slight monthly dip in the previous month, the total number of valuations conducted during the month grew by... read more
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