Housing round up: Interest rates remain unchanged whilst house prices rise

Housing & mortgage round upIn a week packed with housing news, the Bank of England have decided to leave interest rates unchanged, although more money will be pumped into the economy. In other news the Halifax house price survey has found that prices rose in January, whilst mortgage approvals rose in the first month of the New Year. Are you looking for ...

Mortgage approvals hit a 15 month high

New figures show that mortgage approvals have risen to a 15 month high, giving some hope that the bottom of the housing slump has been reached. New figures from e.Surv show that mortgage approvals in August were at their highest level since May 2010; approvals rose, on a seasonally adjusted basis, from 49,239 in July to 49.566 in August. Hope for first time buyers More than 10% of the mortgages approved in August went to buyers with a 15% deposit or less, giving hope to those people with smaller deposits, particularly first time buyers, that mortgage lending criteria is easing. Further evidence that the ...

Mortgage approvals start to rise

Mortgage approvals start to riseLatest figures from the Bank of England show that the number of mortgages being approved for home buyers is starting to pick up. In July a total of 49,239 mortgages were approved for homebuyers, this represents an increase of 3% on the same time last year and is the third month in arrow that the number of approvals has risen. Rise in sales? So far this year the level of house sales has stagnated with figures released last week by HMRC showing that in July ...