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New mortgages in UK increased month on month but still below a year ago

The number of new mortgages approved by British banks rose last month from a 19 month low in August but lending is still down 15% year on year, the latest data shows. The figures from the British Bankers’ Association (BBA) indicate that members approved 38,252 mortgages for house purchase in September, up from 37,241 in […] The post New mortgages in UK increased month on month but still below a year ago appeared first on PropertyWire . Continue reading

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Home buyer confidence up again in UK after Brexit vote

Home buying confidence in the UK has bounced back to its pre Brexit vote levels with demand rising by 16% in September, the latest analysis shows. The September housing market report from the National Association of Estate Agents show that the average number of house hunters registered per member branch increased from 287 in August […] The post Home buyer confidence up again in UK after Brexit vote appeared first on PropertyWire . Continue reading

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Historic low rates encouraging more UK home owners to remortgage

Two thirds of remortgagors in the UK plan to remortgage again in the next four years, spurred on by record low rates, new research has found. Some 46% change their mortgage product to suit circumstances, two year fixed rates are falling in popularity while five year fixes grow as rates fall and borrowers seek stability. […] The post Historic low rates encouraging more UK home owners to remortgage appeared first on PropertyWire . Continue reading

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