loan to value
Gross mortgage lending down in UK in first month of 2017
Gross mortgage lending in the UK reached £18.9 billion in January, some 6% lower than December’s lending total of £20 billion, but 2% higher than a year ago. The latest data from the Council of Mortgage Lenders (CML) suggests that overall the mortgage market is holding up but according to senior economist Mohammed Jamei there […] The post Gross mortgage lending down in UK in first month of 2017 appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →
Buy to let landlords affected by lending and tax changes, research suggests
New research suggests that tougher lending criteria and rising house prices are having an impact on buy to let borrowing in the UK, but not all investors are put off by the changes. Average buy to let loans and deposits increased in 2016 as a result of rising property prices and the tougher stance by […] The post Buy to let landlords affected by lending and tax changes, research suggests appeared first on PropertyWire . Continue reading →