UK house prices rose by 1. 1% in July 2017 The Office for National Statistics confirmed that UK house prices rose by 1. 1% in July 2017 to an average price of £226,155. The East Midlands saw the highest annual rises at 7. 5% in the year to July 2017 (the average for...
Read moreDownvaluations and Overestimations – the surveyors view of the Mortgage Valuation Report An interesting article for new and existing mortgage borrowers from the Director of surveying firm e. Surv who are on the panel with select mortgage lenders to value properties on...
Read moreThis September marked the 10 year anniversary of the day when Northern Rock collapsed and marked the start of the global “Credit Crunch” hitting the UK finance market. Since the Northern Rock crisis, changes were implemented to secure customer’s savings up to £75,000...
Read moreConnells Survey & Valuation reports that almost half of residential property purchases were by First Time Buyers in July 2017. These results mirrored that from the UK Finance (Council of Mortgage Lenders) that following government tax interventions, First Time...
Read moreThe latest figures from Land Registry on 15th August show that average house prices across the UK have risen by 4. 9% in the year to June 2017. There are local variations. Of all four home nations, England saw the steepest rise in house prices by 5. 2%. On an English...
Read moreAn increase of £2,000 in June was added to the average house price in the UK totalling £223,000 according to official figures from the Office for National Statistics (ONS). Source: https://www. ons. gov....
Read moreThe changes to landlords and their ability to acquire mortgage is due to be fully implemented by 1st October 2017. Many lenders have already changed their lending criteria to reflect the PRA changes however others are set to fully implement changes. Guidelines were...
Read moreNationwide Building Society has reported that there has been little change in house prices in July compared to June’s figures – a humble 0. 3% month-on-month increase and annual house price growth of 2. 9%. Experts believe that the lack of housing stock has...
Read moreWe have had calls reported to us by our client supposedly claiming to be from legitimate insurers and lenders asking personal information from the call receiver. Recent examples of this type of fraud has been from a trusted well-known life insurance provider claiming...
Read moreYourmoney. com report on factors to be considered: 1. Rental Yields Can Be Higher Than Average 2. Low Void Periods 3. Location Is Everything 4. Students Have A Bad Reputation 5. You Need To Do Your Research 6. Few Mortgage Options for Houses of Multiple Occupation...
Read moreA recent report from the government’s Department for Work and Pensions (DWP) “The Support for Mortgage Interest” has discovered that 20% of low income interest only borrowers do not understand that they are required to repay the capital balance at the end of their...
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