North / South divide becoming a chasm!

Rightmove.co.uk sees quite a substantial National rise of 2.8% in new seller asking prices since September and 1.2% since last year. Average National Property prices are therefore £239,672 against £233,139 in September. Yet this national figures masks the underlying two tier property market taking place within the UK. The south is pulling away from the [...]

Halifax HPI for July show various increases

The Monthly increase was 0.3%, taking the average UK House Price to £163,981. Over the three months to July, often seen as a more realistic figure, the increase was slightly higher at 0.5%.

Prices up again, but expectations are a fall is in store!

Rightmove.co.uk’s June House Price Index (HPI) reports sellers asking prices are up for the 6th month in a row by 0.6%, leaving the average house price at £240,394. This also represents a 1.1% increase on asking prices the same time last year. However just because sellers are asking for increased prices doesn’t mean that this [...]

Lending on dwellings up, BUT Mortgage approvals at new low!

The Bank of England’s April statistics for lending to individuals has both positive an negative news.

Lending secured on dwellings has actually risen by £0.7bn compared to the previous 6 months increase of £0.8bn.

Scottish mortgage market much the same as England & Wales

The Council of Mortgage Lenders (CML) reported that the scottish mortgage market was in a similar position to the rest of the UK with house purchase lending at its lowest for two years.

Interview with Lisa Orme – A Truly Experienced Property Expert

PS Investor Services interview Lisa Orme from Keys UK Limited. A genuinely experienced investor who is often referred to as the ‘expert’s expert’.

Mortgage approvals fall to lowest level since March 2009

The Bank of England’s lending data for December last year shows mortgage approvals falling to the lowest levels since 2009. This represented a sudden dip of nearly 5,000 on the month before, with only 42,563 approvals. This also meant that approvals were lower than in the previous 6 month average figure of 47,433. Approvals for [...]

Buy-to-let mortgage deal of the week revealed

This week’s buy-to-let mortgage deal has been revealed by the National Landlords Association as Paragon’s latest offering.

Bank of England loans for house purchase ‘static’

Bank of England (BoE) Lending to Individuals statistics for May, released today, reported a very marginal reduction (0.02%) in it’s key UK Housing market indicator, the number of loan approvals for house purchase (also known as Mortgage Approvals).

Bank of England Mortgage Approvals up 1.7%

Bank of England (BoE) released it’s Lending to Individuals statistics today. The number of loan approvals for house purchase (also known as Mortgage Approvals) was up in April by 1.7% against March figures.