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Landlord Action has lambasted Government plans to increase court fees as “extortionate”. The planned changes will take effect from 22nd April 2014, where fees for possession claims will see one of the largest increases at 60%, and could spark a stampede of possession cases in the next two weeks from landlords trying to beat the rises.

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Help to Buy

A recent study reported by the BBC has shown a big North/South divide in terms of total UK mortgage lending. Continue reading

CML Gross Mortgage Lending

The Council of Mortgage Lenders data release today shows. Dip in mortgage lending in February, however this was seen as expected due to the seasonal impacts of this time of year. Year-on-year growth comparisons however remain strong Continue reading

RICS Market Survey

The Residential Market Survey for RICS for March 2014 reports sales hitting a six-year high, following increased activity in the housing market spreading across the country. Continue reading

Bank of England

The Bank of England Monetary Policy Committee has just announced that it will hold the UK interest rates at their record low of 0.5% for yet another month. The committee also voted to maintain the size of the ‘quantitative easing’ programme at £375bn. Continue reading

hauntedhouse

Anyone buying a house will know the stresses involved in getting a survey, finding a mortgage, and waiting for completion. The process can and often does take months to complete, and in this period you’re committing to a lot of money and spadework – you certainly don’t want the deal to fall through. Continue reading

mitchell-mann mortgage broker

For those on the fringes of affordability time could be running out to secure a mortgage. There are two reasons for this. The first is something the mortgage industry has been aware of and preparing for for the last couple of years; it’s called the Mortgage Market Review or MMR for short. These are a series of reforms that were set in motion in the wake of the financial crisis of 2008/09 and April 26th is the deadline for compliance with these new rules. However many lenders are implementing the changes throughout the month of April so they can be sure they’re ready in time for the deadline Continue reading

Halifax HPI

Halifax house price index for March sees the first fall in house prices since December 2013, however this is only the 2nd fall in Monthly prices over the least year. Continue reading

Nationwide HPI

Nationwide have released both their March 2014 and Q1 2014 House Price Indices and both report a continued strong market, with London pushing forward faster than the rest of the UK. Average UK house prices were up by 0.5% in March a 9.5% increase since March 2013. Continue reading

Help To Buy Hopefuls

2014 is a year when the Government’s home-buying initiative, Help to Buy, will be on
the minds of many would-be homeowners – the Help to Buy Hopefuls. And Experian
CreditExpert research has revealed there are more of them than previously estimated:
two-fifths of people aged 20-40 plan to apply to the scheme this year. CreditExpert have produced this great infographic. Continue reading