New data from the Bank of England (BoE) has revealed that mortgage lending soared to a nine-year high of £69.6 billion in the three months to September.
New research from Rightmove suggests that the average asking price of a new residential property coming to market fell by 2.6 per cent month-on-month in November.
Remortgaging approvals hit a nine-year high this October, as homeowners rushed to secure good deals ahead of the Bank of England’s (BoE) widely anticipated interest rate hike, which was announced at the beginning of November.
Following a bold move in last week’s Budget, first-time buyers will no longer have to pay Stamp Duty Land Tax (SDLT), as long as the home they are purchasing is valued at £300,000 or less.
Rumours are mounting that this week’s Budget could see the Chancellor, Philip Hammond, unveil a temporary cut in Stamp Duty Land Tax (SDLT).
New research suggests that right now might be the perfect time to purchase a residential property, thanks to strong supply, waning demand and cuts to asking prices growing increasingly common across the market.
New research suggests that re-mortgaging grew substantially in September.
An increasing number of homebuyers are opting for fixed rate mortgages amid fears that the Bank of England will raise interest rates later this week.
New research suggests that mortgage lending to first-time buyers is on the rise across the UK.
The latest data has revealed that UK mortgage approvals soared to 66,145 in August, up by almost eight per cent year-on-year.