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Homebuying news

New Home Registrations reach five year high in first quarter

The number of new homes registered with NHBC in the UK during the first quarter of this year has reached 31,739 – the highest level for this period since 2008.

Good neighbours are a highly valued commodity

Anti-social neighbours are the biggest turn-off to prospective homebuyers, according to a recent survey of over 4,000 homebuyers by PrimeLocation.com.

Optimism returning to property market, say Clydesdale and Yorkshire banks

New research from Clydesdale and Yorkshire Banks showed that optimism is returning to the property market.

A fifth of borrowers spend less than a week researching their next mortgage

Latest research from The Legal & General Mortgage Service (LGMS) reveals that one in five UK homeowners (22 per cent) spend a week or less looking into mortgage products before they make a decision to buy, with almost half of borrowers (49 per cent) spending a month or less on research. This is despite the fact that a mortgage is likely to be the largest financial commitment many people make in their lives.

Help to Buy labelled a ‘damp squib’ at Great Housing Market Debate

‘It has the potential to be positive but is more likely to be a damp squib’. These were the general sentiments of the panel at the HSBC Great Housing Market Debate today in speaking about the government’s latest market boosting effort, help to buy.
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Buy-to-let news

Concern that retired landlords may leave buy-to-let due to rising costs

Rising costs coupled with increased exposure to rent arrears may spark a change in trend and force landlords reaching retirement age to leave the buy-to-let sector rather than continuing to rent out their properties.

Buy-to-let sector continues to grow, reports CML

Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders. This compares with £4.6 billion the previous quarter, and £3.7 billion in the first quarter of last year.

New 5 year fixed rates from Keystone Buy to Let Mortgages

A series of five year fixed rate mortgages at 70 per cent loan to value has been introduced by Keystone buy-to-let mortgages at a rate of 4.88 per cent.

Real cost of buy to let mortgages falls by 0.33 per cent

Research by specialist broker Mortgages for Business has revealed that during the first quarter of 2013 buy to let rates fell by an average of 0.33 per cent when factoring in fees.

Tenants staying put for a record 20 months

Tenants are now staying in one property for a record duration of 20 months, according to the latest research from the Association of Residential Letting Agents (ARLA).
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First-time buyer news

First-time buyer activity up again in March

First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20 per cent according to data published today by the Council of Mortgage Lenders.

First time buyers helped by accord policy change

Accord Mortgages has increased the maximum loan to value (LTV) it will lend on flats and apartments as it seeks to give further help to first time buyers.

Delays in buying first property cost consumers, says The Model Works

Delays in getting on the housing ladder will cost the average first-time buyer over £270,000 over their lifetime, or twice the cost of a typical first time buyer home, but those forced to rent into their retirement could pay even more dearly driving up housing benefits and state long term care costs to truly unsustainable levels.

Call for more innovation to help new lenders

Four out of five (82 per cent) homeowners want more to be done to make it easier for new lenders to make inroads in the mortgage market, research from housing investment and equity loan provider Castle Trust shows.

Saffron 95 per cent deal now available through brokers in England and Wales

Saffron Building Society has opened-up access to its popular 95 per cent LTV first-time buyer mortgage, to make it available via mortgage brokers based throughout England and Wales.
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