The Council of Mortgage Lenders (CML) reports that Gross Mortgage Lending is up in April, increasing to £1.2 billion – a 4% rise from March. Continue reading
As costs rise and incomes stagnate, first-time buyers may feel they are relegated to paying rents to live.
Those who do manage to find enough deposit money however, must identify the best financial package for their circumstances including where to source their property! Continue reading
Landlords have had a tough time obtaining mortgages after the market peak in 2007, as lenders rapidly withdrew from the market. In fact, even with the current mini-boom, lending to landlords is about half of what it was six years ago. Continue reading
For the first time, The National Homebuilding & Renovating Show (NEC, Birmingham 21-24 March 2013) is introducing two separate professional conferences at the show – one developed specifically for UK property developers and the second targeting landlords. Both conferences will provide expert insight into the issues and challenges the industry will face in 2013 and beyond. Continue reading
Since the economic crash of 2006, most of Europe has been in financial turmoil with some of our continental cousins still bumping along the bottom of the barrel. Continue reading
I was reading an interesting article in a publication this morning and I was quite shocked by what I was reading. It stated that some private landlords with buy-to-let mortgages are being prevented by their lenders from letting to people on benefits. Continue reading
The Council of Mortgage Lenders (CML) have seen a decline in the gross mortgage lending in September with estimates at £11.6 billion. Continue reading
What is a lifetime mortgage?
A lifetime mortgage is a loan secured on your home which is only repaid when you die or when you go into care. It allows individuals to borrow money against the current value of their property without any need to make monthly payments. This, therefore, has no reduction in family budget. Continue reading
Gross mortgage lending in March was an estimated £13.4 billion, according to the Council of Mortgage Lenders. This represents a 30% rise from £10.3 billion in February and a 17% rise from March 2011 (£11.4 billion). Continue reading
If you want a fast and trouble-free sale there are a number of factors that must be carefully considered before you put your property on the market. One of the most important is the timing of the sale. If you do not have to market the property immediately, it may be prudent to wait until the peak selling periods during the spring and summer; avoid Christmas and the New Year as they are notoriously slow periods in the property market. Continue reading