Rate rise fears driving remortgage surge in the UK – Property Wire

A website about the property industry summarizes a report issued by a mortgage company in the UK. The company found a 14% rise in the number of number of people seeking remortgage loans. The company said about 10,000 borrowers stated they did this in order to get ahead of an anticipated increase in interest rates […]

What Is a Home Warranty? Peace of Mind for Home Buyers and Sellers – Realtor.com News

Home warrenties are a good way to have peace of mind after you purchase your new home. It isn’t a home insurance policy and shouldn’t be mistaken for one. The Home warranty covers the systems in your home as well as appliances if you were to have issues with these items after you move in. […]

First-time buyers keep housing market solid – Telegraph.co.uk

The online version of a British newspaper reports that people buying homes for the first time have taken out more loans than a year ago, thus driving up demand for homes on the market. In January of this year, buyers got loans totalling 18.9 billion pounds, compared to 18.6 billion in January of 2016. The […]

Cheap interest rates persuading home owners to embrace re-mortgaging – Belfast Telegraph

A UK newspaper reports that homeowners are remortgaging more money for their homes than two years ago. A mortgage provider stated that the average value of a second or additional mortgage in 2016 was 181,000 pounds, versus 166,000 pounds two years earlier. The provider studied 10,000 loans to get this figure. The provider believes most […]

House prices: Mortgage lending recovers in September – The Week UK

An online version of British newspaper summarizes a report issued by a British organization of surveyors about housing prices. The agency does not expect any change in current real estate conditions. The group predicts housing prices will continue to go up, but at a slower pace. The agency’s last report about monthly activity stated that […]

My bank won’t let me remortgage – what can I do? I’m 50, have an interest-only mortgage and get half my income from … – This is Money

A 50 year old IT professional reaches out to “This is Money” for help about his inability to secure a remortgage approval. Sarah Davidson from This is Money gives several pieces of advice as to help the middle aged man. She states that it is important to demonstrate the proof that you can afford the […]

The influence of buy-to-let on UK housing – Mortgage Finance Gazette Online

A publication about the mortgage industry in the UK has a feature about the impact of buy to let ownership on the housing situation. The writer mentions that legislation was passed in 1998 allowing landlords to more easily rent homes. In addition, mortgages were easier to get. The write states that because of this, buy […]

These are the three London areas where house prices fell in January – City A.M.

Three London neighborhoods experienced a decrease in overall home prices in January of 2017. Kensington and Chelsea saw the largest decrease in home prices dropping of 3%. Hammersmith and Fulham, and the city of Westminster also saw minimal decreases in home prices for the first time in decades. While these decreases are shocking, there is […]

December was best month for remortgaging since 2008 – Mortgage Introducer

December 2016 was the best month for mortgages in the United Kingdom since 2008. With high numbers of approved mortgages the UK saw more than 30% more approvals in December of 2016 as compared to the year prior. This high level of consumer and business borrowing may not continue as a trend in 2017 as […]

UK November Consumer Lending Increased £5.1 Billion – Economic Calendar

The United Kingdom’s lending market experienced higher than usual growth in November of 2016. Specifically lending to individuals increased from $4.9 Billion to $5.1 Billion in November which represented the highest shift in over six months. Majority of this lending was comprised of loans for dwellings which totaled $3.1 Billion dollars. Analysts contribute this spike […]