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HSBC IN PLEDGE TO PUSH UP MORTGAGE LENDING
25th January 2012Following on from my previous blog regarding access to 95% mortgages I was pleased to read a pledge by HSBC confirming that they are to lend 15 billion pounds in mortgages this year with 3 billion pounds earmarked for first time buyers. If they achieve this pledge this would represent a market share of in excess of … Continue reading "HSBC IN PLEDGE TO PUSH UP MORTGAGE LENDING" -
Bank of Mum and Dad Closes – Hotel of Mum and Dad Stays Open
20th January 2012A recent survey carried out by Taylor Wimpey shows people are living with their parents more than a decade longer than they intended to as they wait to get on the property ladder. This problem has been exacerbated by the lack of mortgage funding for first time buyers. There has previously been an increase in requests for … Continue reading "Bank of Mum and Dad Closes – Hotel of Mum and Dad Stays Open" -
STOP PRESS, STOP PRESS – 95% LTV MORTGAGES AVAILABLE
19th January 2012I am delighted to announce that I have just been advised by our mortgage brokers that they have today received access to 95% loan to value mortgages from a main high street lender. The usual caveats apply in that the product is subject to terms and conditions and also availability but I take this as … Continue reading "STOP PRESS, STOP PRESS – 95% LTV MORTGAGES AVAILABLE" -
Mortgage Products Stabilise in 2011
17th January 2012Recently published data from Mortgage Brain shows that the number of mortgage products available to intermediaries has risen marginally over the last 6 months increasing by 6%. Mark Lofthouse CEO of Mortgage Brain said “the past two years have seen vast improvements in product availability for intermediaries. But whilst it is clear that the market has … Continue reading "Mortgage Products Stabilise in 2011" -
House Prices Higher than 12 Months Ago
12th January 2012The most recent report from the Glasgow Solicitors Property Centre indicates that house prices in the west of Scotland are approximately £4,000 higher than they were a year ago after a rally in the final months of 2011. GSPC Chief Executive Mark Cordon advises “significant numbers of home owners are sacrificing a quick move to maximise … Continue reading "House Prices Higher than 12 Months Ago" -
A Gradual Recovery Predicted for UK Property Market – 2012
11th January 2012The National Association of Estate Agents has revealed its predictions for the UK property market for 2012. They predict a gradual recovery for the UK property market with lack of available finance being the biggest barrier to would be home buyers. This ties in very much with my view and I was also pleased to … Continue reading "A Gradual Recovery Predicted for UK Property Market – 2012" -
IPPR report – extend right to buy
9th January 2012I was interested to note the launch of a report by the IPPR Think Tank which calls for more Housing Association tenants to be given the right to buy their homes. The report was championed by two MP’s David Davis and Frank Field. The IPPR’s report said extending right to buy could generate billions of pounds … Continue reading "IPPR report – extend right to buy" -
Property Market Predictions for 2012
5th January 2012Firstly how did I get on with my predictions for 2011? The first six months went as predicted with Quarter 1 being depressed and Quarter 2 showing an upturn in activity levels. The sovereign debt crisis, which continues, led to an increase in uncertainty and trepidation and while Quarter 3 was a strong quarter for property sales there … Continue reading "Property Market Predictions for 2012" -
FSA Mortgage Market Review
30th December 2011I was interested to read the reports on the FSA Mortgage Market Review. As had been widely trailed previously, the proposals focus on a new affordability regime where the onus is on the lender to show that the borrower can afford to repay the mortgage and also cover life costs. There are requirements that borrowers … Continue reading "FSA Mortgage Market Review" -
First time buyers – an endangered species
30th December 2011I was very interested to read a report from Right Move regarding their predictions for the first time buyer property market for 2012. Right Move forecast that less than a quarter of purchasers will be first time buyers – 23%, a fall from 26% being the average for 2011 and considerably short of the 40% normally … Continue reading "First time buyers – an endangered species"
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