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.
New research suggests that property transactions fell slightly between July and August this year, but that transactional volumes were still up significantly when compared with figures from 2016.
The UK’s commercial property market is booming, with various regions across the nation enjoying increased activity and investment.
Britain’s property market remained ‘buoyant’ throughout June, July and August, with prices and transactions both picking up towards the end of the summer.
UK mortgage approvals hit an impressive 16-month high in July, up five per cent on figures recorded the previous month, the latest seasonally-adjusted figures from the Bank of England suggest.
Imminent new rules in relation to so-called mortgage ‘stress tests’ will be phased in between now and October 2017, and could make it more difficult for buy-to-let landlords with large portfolios to access new mortgages.
A UK landlord who was found guilty of serious planning offences has been ordered to pay almost £175,000 in Court.
New research published by one of the UK’s leading mortgage lenders has forecast that Britain’s property market will remain buoyant towards the end of 2017.
A new study suggests that mortgage approvals continue to rise, with the total number of loans approved in June 2017 up by 1.4 per cent year-on-year.