
News
Possible interest rate rise later in 2014
Governor of the Bank of England, Mark Carney, signalled last night that interest rates may rise much sooner than expected – perhaps later on this year. Read more »
House prices up by 11.1% according to Nationwide
It was reported today by the Nationwide building society that house prices have risen by 11.1% in the past 12 months, the largest year-on-year increase since 2007. Read more »
Student loans may make it more difficult to get a mortgage
The recently introduced Mortgage Market Review (MMR) means that students and former students may find it more difficult to get a mortgage. Read more »
Large growth in first-time buyer lending in the Capital
According to the Council of Mortgage Lenders (CML), there has been a large increase in the amount of first time buyer lending in London. Read more »
Introduction of a new set of rules governing mortgage lending
This coming month sees the introduction of a new set of rules governing mortgage lending. The Mortgage Market Review, created by the Financial Conduct Authority, is designed to protect consumers and prevent excessive or risky lending by mortgage providers. Read more »
Large increase in the supply of affordable homes
According to new figures released by the the Homes and Communities Agency, there has been a doubling in the supply of affordable homes. Read more »
Average rents across England and Wales rose to £757 per month in August
According to LSL Property Services, rents across England and Wales have overtaken all previous records, rising to an average of £757 per month in August. Read more »
Alternative to Help to Buy unveiled
It was announced this week that Genworth has outlined an alternative to the Government’s Help to Buy mortgage guarantee scheme. Read more »
Aldermore Bank joins second phase of Help to Buy
It has been announced that Aldermore Bank will be joining the second phase of Help to Buy from 1st January next year. Read more »
Deposits cut due to second phase of Help to Buy
According to a report out by Zoopla, the second phase of the Government’s Help to Buy scheme has reduced the average deposit requirement for buying a property by £33,325 to only £11,108. Read more »