First time buyers surges as more plan to leap onto the property ladder

ladder to the skyThe number of first time buyers jumping onto the property ladder has hit levels not seen since the peak of the last property boom. The latest figures from the Council of Mortgage Lenders (CML), show that the number of mortgages offered to first time buyers is up by 33% on the same time last year, whilst total lending to first timers is up a massive 48% on this time 12 months ago. The number of first ...

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 ...

Housing & mortgage round up: House prices continue to fall as do interest rates

Housing & mortgage round upThis week we take a look at the latest house prices survey which makes grim reading for most homeowners, although people looking to get on the property ladder may take a different view. We also cover some interesting moves by the big lenders on their fixed rate mortgage products, in the wake of a new government scheme designed to encourage banks to lend at more competitive rates. House prices fall...