Tag Archives: first time buyer
One in three UK property sales fail due to mortgage issues, new research shows
Mortgage problems are blocking one in three house sales in the UK and more than one in five have had a house sale or purchase fall through, new research has found. House sellers are twice as likely to see transactions fail than house buyers and overall over the past five years 34% of sales have […] The post One in three UK property sales fail due to mortgage issues, new research shows appeared first on PropertyWire . Continue reading
Average UK house prices up 8.3% year on year, official index data shows
Average house prices in the UK increased by 8.3% in the year to July 2016, down from 9.7% in June 2016, continuing the strong growth seen since the end of 2013, according to the latest index data. The average UK house price was £217,000 in July 2016, some £17,000 higher than in July 2015 and […] The post Average UK house prices up 8.3% year on year, official index data shows 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