Mortgages: Controversial Help to Buy to launch this week

David Cameron Gives His Keynote Address At The Conservative Party ConferencDavid Cameron has announced that the second phase of the Government’s controversial Help to Buy scheme will be launched this week, three months earlier than originally planned. The Help to Buy scheme was originally announced earlier this year in George Osborne’s Budget and has been launched in two parts. The first phase provided help to buyers of new homes, by giving them access to a shared equity loan of up to 20% of the purchase price, providing they were able to ...

Land Registry House Price Index: Prices static in May

Land Registry House Price IndexThe latest figures from the Land Registry show house prices remained static in May, rising by just 0.1%. The small rise takes the value of the average home in England and Wales to £161,969, following a 0.5% increase over the past 12 months. The Land Registry is generally regarded as the most comprehensive house price survey. The latest publication reveals 56,800 homes were sold in May, with the cheapest going for just £10,000 whilst the most expensive was sold ...

Land Registry House Price Index: House prices static in March

Land Registry House Price IndexThe latest house price data from the Land Registry shows house prices remained almost unchanged in March, but continue to rise, albeit it slowly, year on year. The Land Registry’s House Price Index shows a small rise of 0.10% in March, taking the average house price in England and Wales to £161,793. The small increase is broadly in line with figures from the other two major house price surveys; the Halifax showed a 0.20% increase in March, whilst ...

European Union agree tighter guidelines for mortgage lenders

European Union agree tighter guidelines for mortgage lendersThe European Union (EU) has agreed to a tighter set of guidelines for mortgage lenders, which after April 2014 will see borrowers having to pass a standard affordability assessment to get a mortgage. Whilst the new directive is designed to prevent a repeat of the runaway lending seen before the credit crunch, it will also contain provisions to make it easier for potential borrowers to shop around the mortgage market, to get the best deal....