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First time buyer activity in UK housing market soars at expense of buy to let

First time buyer activity accounted or 36% of UK housing market in February, up from 28% a year ago but the buy to let market has fallen off considerably, the latest research shows. Indeed, buy to let purchases fell below 10% last month, the first time it has been at that level in five years, […] The post First time buyer activity in UK housing market soars at expense of buy to let appeared first on PropertyWire . Continue reading

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Asking prices up across the UK month on month but now likely to stagnate

Asking prices in the UK continue to rise but in most regions on a monthly basis but year on year prices are down and expected to be more or less stagnant in the year ahead. In England and Wales asking prices were up 0.6% month on month but the annual rate fell to 2.6% while […] The post Asking prices up across the UK month on month but now likely to stagnate appeared first on PropertyWire . Continue reading

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Disappointing lending figures suggests UK mortgage market is in decline

The number of loans advanced for house purchases in the UK in January was at its lowest monthly level since February 2015 and at a near two year low, the latest data shows. Home buyers borrowed £8.4 billion in the first month of the year, down 28% on December and unchanged on January 2016. This […] The post Disappointing lending figures suggests UK mortgage market is in decline appeared first on PropertyWire . Continue reading

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