chancellor
New buy to let powers granted to Bank of England committee from early 2017
he Bank of England’s Financial Policy Committee (FPC) will be granted new powers by the Government to help it protect the financial system from future risks in the buy to let mortgage market. The FPC is responsible for identifying, monitoring and taking action to remove or reduce systemic risks in the financial system and these […] The post New buy to let powers granted to Bank of England committee from early 2017 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 →
Residential asking prices in England and Wales down 1.1%
The asking price of property coming onto the market in England and Wales fell by 1.1% in November but it was a smaller drop than the 1.8% average over the last six years showing signs of a resilient market. The figures from the latest Rightmove residential index also show that prices are still 4.5% above […] The post Residential asking prices in England and Wales down 1.1% appeared first on PropertyWire . Continue reading →