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 mortgages soar in popularity

iStock_000011825116_ExtraSmallThe buy-to-let sector has soared in popularity. According to recent data published by the Council of Mortgage Lenders (CML) buy to let mortgages now make up a record portion of all mortgages in the UK. Last year, buy-to-let mortgages accounted for 12.9% of the market. However, at the end of March, lending had grown by 0.5%, taking buy to let mortgages to a record 13.4% of the overall market. The buy-to-let mortgage is growing in popularity, with the rise in popularity due mainly to landlords taking advantage ...

Is 2013 the right year to jump on the buy to let band wagon?

Four in a row IIWith interest rates on savings accounts at all-time lows, house prices down by 20% from their peak and rents rising, it is little wonder that more and more people are investing in residential property. New figures from the Council of Mortgage Lenders (CML) show that there are now 1.5 million buy to let investors in the UK so we thought we’d look at a few reasons why now might be the right ...

Housing & mortgage round up: Last round up and house price survey of 2012

Housing & mortgage round upOur last housing and mortgage round up of 2012 wouldn’t be complete without a house price survey and we’ve not let you down. In other news, another mortgage lender has stopped offering interest-only mortgages, there are fears that average rents will rise quickly in 2013 and first time buyers appear nervous about what the New Year might hold for them. Small annual rise in house prices The latest figures from the Office for National Statistics (ONS) show that house prices increased by just 0.2% in October. The ONS also revealed ...