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Increased regulation affecting access to finance for UK home buyers
The UK has seen major changes when it comes to mortgage regulation and this has delivered a stable lending market but new research suggests this has come at the expense of home buyers. A new report from the Intermediary Mortgage Lenders Association (IMLA) which looks at regulation since the economic downturn of 2007 particularly looks […] The post Increased regulation affecting access to finance for UK home buyers appeared first on PropertyWire . Continue reading →
Remortgages drive growth in UK home lending market
Gross mortgage lending in the UK held steady in October but is being driven more by remortgages than new buyers due to a lack of supply in the current housing market. It reached an estimated £20.6 billion, according to the latest figures from the Council of Mortgage Lenders and closely matches September’s gross lending total […] The post Remortgages drive growth in UK home lending market appeared first on PropertyWire . Continue reading →
UK property prices still rising, up 1.4% in October, despite Brexit uncertainty
Residential property prices in the UK continued to grow in October, up 1.4% and are now 5.2% up year on year, taking the average cost of a home to £217,411, the latest lender index data shows. On a quarterly basis they were up just 0.1% but experts point out that this reflects a slowdown caused […] The post UK property prices still rising, up 1.4% in October, despite Brexit uncertainty appeared first on PropertyWire . Continue reading →