Buy to let boom continues

iStock_000010528981XSmallNew figures from the Council for Mortgage Lenders (CML), show the buy to let market continues to surge forward, on the back of low interest rates, low property prices and strong demand from tenants. The figures from the CML show 40,000 buy to let mortgages were granted in the second quarter of the year, totalling just over £5 billion. Both figures are at their highest levels since 2008, when the market was being ravaged by the twin effects of the financial crisis and the credit crunch. The new ...

Land Registry House Price Index: Prices rise at fastest rate for two years

Prices rise at fastest rate for two yearsNew figures from the Land Registry have confirmed that house prices in England and Wales rose by 1.7% in 2012; the biggest rise for two years and a sign that the slump in the housing market could be coming to an end. The Land Registry also confirmed that prices rose in December by 0.8%, taking the value of the average home in England and Wales to £162,080. The Land Registry findings differ ...

Housing round up: House prices fall and rental demand rises

Housing & mortgage round upFigures released by the Halifax last week show that house prices have fallen in the UK over the last year. However, data from the Royal Society of Chartered Surveyors show that the rental and buy to let sectors are booming. In other news the government have announced plans to review a scheme which helps people who can’t meet their mortgage interest payments due to unemployment. UK house prices fell by 0.9% in November The Halifax, the UK mortgage lender now part of ...

Confusion over latest mortgage lending figures

Mortgage application confusionLatest figures from the Council of Mortgage Lenders (CML) show, according to the BBC, a “subdued” housing market, however the Daily Telegraph describe them as showing a “jump”. Whatever the description the hard facts are that in June total lending to home owners was £12.9 billion, which represents a 16% increase on May 2011 but a fall of 3% on June last year. The figures also show that total lending of £63.7 billion in the first half of this year was only slightly down on the £64.1 billion ...