Even though housing prices have continued to decline, 2011 marked a record low in first-time home purchases. Fewer than 200,000 new buyers purchased a house during the past twelve months; this is the lowest annual number since data on the issue was first compiled, beginning in the mid-1970s.
The decline in new mortgages issued also appears [...]
‘Mortgages & Property’ Category
First Time Homebuyers Seek Affordable Housing in Falling Market
Posted in Mortgages & Property on Wednesday, December 28th, 2011 at 10:59 by Martyn Shaw.
FSA Revises Plans to Limit Mortgage Availability
Posted in Debt, Mortgages & Property on Tuesday, December 20th, 2011 at 12:02 by Martyn Shaw.
In a move welcomed by many homeowners and prospective home buyers in the UK, the Financial Services Authority has backed away from proposed requirements that many feared would negatively impact the ability of many Britons to obtain mortgages. The FSA’s plans as originally proposed could have eliminated interest-only mortgages completely and would also have made [...]
Low Interest Rates Spurs Increases in Mortgage Borrowing
Posted in Mortgages & Property on Wednesday, October 12th, 2011 at 09:36 by Martyn Shaw.
According to the Council of Mortgage Lenders, low interest rates during the month of August caused remortgage borrowing to rise by more than 30% as measured by both the number of remortgages and volume of funds lent, in comparison to the same month one year earlier.
Decline in Demand for Mortgages Drives Home Prices Down
Posted in Mortgages & Property on Tuesday, October 4th, 2011 at 11:56 by Jessica Haynes.
Housing prices have fallen for the 15th month in a row. The decline in September was 0.1%, which followed a 0.3% decline in August 2011 as computed by the Land Registry, the most complete compilation of property pricing data in the UK.
Lull in Mortgage Lending may Mean Time to Improve Your Circumstances
Posted in General, Mortgages & Property on Thursday, August 25th, 2011 at 10:31 by Jessica Haynes.
According to information released by the British Banker’s Association, mortgage lending was somewhat flat for the month of July 2011.
Mortgage Rate Wars may be to Your Benefit
Posted in General, Money Saving, Mortgages & Property on Friday, August 19th, 2011 at 09:39 by Jessica Haynes.
Along with the prices of homes decreasing in some areas, a number of lenders are also making some changes in the interest rates connected with fixed-rate mortgages.
Time to Sell Your Gold?
Posted in General, Money Saving, Mortgages & Property on Tuesday, August 16th, 2011 at 10:12 by Martyn Shaw.
Word that the price of gold is on the upswing has some people wondering if the time has come to look deep into the recesses of their jewellery boxes and part with some of their gold pieces that never see the light of day anymore.
Return of the 100% Mortgage Bodes Well for Some
Posted in General, Money Saving, Mortgages & Property on Friday, August 12th, 2011 at 11:44 by Martyn Shaw.
Once upon a time, potential homebuyers enjoyed the option of obtaining a mortgage that did not require some sort of deposit at the front end.
Increase in Mortgage Lending a Good Sign for Consumers
Posted in General, Money Saving, Mortgages & Property on Thursday, August 11th, 2011 at 11:15 by Martyn Shaw.
According to information released by the Council of Mortgage Lenders, the month of June 2011 saw an upswing in the number of mortgages granted to first-time buyers and others who were looking for a new home. While still well below the figures for previous years, this unanticipated increase bodes well for both lenders and potential [...]
Falling House Prices May Be In Your Favour
Posted in General, Money Saving, Mortgages & Property on Wednesday, August 10th, 2011 at 10:34 by Martyn Shaw.
According to the Office for National Statistics, house prices are continuing to fall, with the average cost of a home at levels not seen since the summer of 2009.
