Mortgage Lending sees growth just as 2011 closed!

The Council of Mortgage Lenders saw growth returning in the later part of 2011, with a year on year rise in November for only the second time in the year. Loans for house purchase was up 4% to 47,000 against October – which represented a 5% increase in value. Year on Year this represented a [...]

Interest rate record low remains as economy uncertainty continue

The Bank of England’s Monetary Policy Committee (MPC) yesterday announced that it is keeping the official Bank Rate at 0.5% – the historical low that was first reach in March 2009 – nearly 3 years ago. Amongst lots of speculation as to increased rates during 2011 this never materialised and indeed 2012 is starting off [...]

So what will 2012 bring the housing market? Lisa Orme

Overall I think interest rates will likely stay where they are through the year and house prices will just bounce along the bottom as they have done for the past couple of years but it’s still a good time to be a landlord.

Eight years since Mortgage were so Afforadable – says CML

The Council of Mortgage Lenders figures for October shows that mortgages are the most affordable for eight years – greatly helped by the low interest rates that have been held for over 2.5 years. First time deposit requirements have also remained stable in recent months, at an average of 20% – however their monthly interest [...]

Bank maintains Interest Rate at 0.5%

Unsurprisingly the Bank of England decided to maintain the official Bank Rate in December at 0.5%. This continues the historical low of 0.5% since it was lowered to this level on 5th March 2009. With the uncertainty in the global economy and ongoing debates over how the Euro zone and European Union can be rescued, [...]

What advice would you give a new landlord?

Since the introduction of TV programmes such as ‘Homes Under the Hammer’ and ‘Property Ladder’ the number of individuals who have ventured into the buy-to-let industry has boomed.

0.5% Interest rates remain!

The Bank of England announced today it’s decision by the Monetary Policy Committe, to maintain the official Bank Interest rate at 0.5%. The Bank dropped the rate to this low level back in March 2009 amid the start of the current economic downturn and although under pressure to raise rates due to some strong infaltion [...]

0.5% remains for Interest Rates, £75bn more for the Economy

The Bank of England today took the decision to inject a further £75bn into the UK Economy via it’s programme of quantitaive easing (QE). This is in addition to the £200bn it has already pupmed into back in 2009. The Bank was widely expected to take some form of action either this month or next [...]

“Modest Improvement” – Who could as for any more?

The Halifax House Price Index (HPI) for August shows a monthly fall of -1.2% and annual change of -2.6%. However the Quarterly change, which can sometimes be seen as more stable, reports a 1.0% increase. This sets the average house price for the UK at £161,743 and is higher than the previous quarter. Although the [...]

Bank keeps the hold on interest rates

As widely expected the Bank of England today announced it would keep interests on hol at the all time low of 0.5%. The Bank’s Monetary Policy Committe (MPC) also decided to keep the same level of quantative easing and not extending it past £200bn. Winners and Losers With interest rates at an all time low, [...]