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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

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Rent rises inevitable as more tenants still chasing fewer homes to rent in UK

The number of people looking for a home to rent in the UK is much bigger than the rental supply available, the latest monthly research shows. Lettings agents point out that the private rented sector is currently out of balance and it means that it is inevitable that as long as it stay that way […] The post Rent rises inevitable as more tenants still chasing fewer homes to rent in UK appeared first on PropertyWire . Continue reading

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Property sales in UK up for fourth month in a row, latest official data shows

Residential property sales in the UK increased by almost 5% between the end of last year and January, according to the latest official figures to be published. Overall the number of property transactions increased by 4.9% between December 2016 and January 2017, according to the latest HMRC data. The seasonally adjusted figure for the month […] The post Property sales in UK up for fourth month in a row, latest official data shows appeared first on PropertyWire . Continue reading

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