Tag Archives: brexit
Home lending declined in UK in July but too early to blame Brexit
Home owners in the UK borrowed £10.6 billion for house purchases in July, down 13% month on month and 12% year on year, the latest data from lenders shows. They took out 58,100 loans, down 14% on June and 13% on July 2015, according to the data from the Council of Mortgage Lenders which is […] The post Home lending declined in UK in July but too early to blame Brexit appeared first on PropertyWire . Continue reading
Average residential rents reach all-time high in England and Wales
Average rents in England and Wales reached an all-time high of £846 in July 2016 and are now up 5.2% year on year, according to the latest index. Annual growth was led by the South East with a rise of 14.9 % over the year and according to the Your Move buy to let index […] The post Average residential rents reach all-time high in England and Wales appeared first on PropertyWire . Continue reading
First time buyers facing higher prices also have less mortgage choice, says new report
The average cost of a first time buyer home in the UK reached £161,912 in June which means that the need for high loan to value lending is increasing, according to a new report. However, the number of high loan to value (LTV) mortgage products has fallen for the two consecutive months since the UK […] The post First time buyers facing higher prices also have less mortgage choice, says new report appeared first on PropertyWire . Continue reading