According to the UK's largest mortgage lender, the Halifax, annual house price growth is continuing to slow down. In the year to May, the rate of house price inflation dropped to 3.3 per cent, representing a fall from the 3.8 per cent [...]
Home loan approvals have fallen to their lowest level since last September, as fixed mortgage rates drop to new lows. According to the Bank of England, there were 64,645 mortgage approvals over the course of April, which represents a drop of 2 [...]
House building in England is at its highest level in 10 years, according to figures from the Department of Communities and Local Government (DCLG). The DCLG reported that the building of 162,880 houses had commenced in 2016/17, with 147,960 completed. These both [...]
House sales fell in April as the property market shows further evidence of slowing down. As well as the lower number of house sales, there was also a significant drop in the number of people taking out mortgages. According to HM Revenue [...]
Mortgage lending in the UK's buy-to-let sector has halved since the stamp duty surcharge was introduced on 01 April 2016, according to the Council of Mortgage Lenders (CML). In the year since the introduction of the surcharge, there were approximately 71,100 loans [...]
The rate at which UK house prices are growing has slowed, according to figures from the Office for National Statistics. In the year to February 2017 house prices rose 5.6 per cent, but in the year to March 2017 house prices increased [...]
The Conservatives have said they will bring about a "new generation" of social housing, paid for out of current budgets, if the party wins the general election next month. The Tories plan to make it easier for local councils to buy derelict [...]
Property surveyors are predicting a 'flat summer' with the UK housing market continuing to see a decline in activity. According to members of the Royal Institution of Chartered Surveyors (RICS), the number of new housing inquires decline in April, as did the [...]
According to figures from the Halifax, UK house prices have fallen in the last three months and are "stagnating". The three months to April saw prices fall by 0.2 per cent, which represents the first quarterly fall since November 2012. The Halifax [...]
March saw a drop in mortgage approval rates despite lenders improving the deals available to borrowers. The news comes after a similar fall was experienced in February. Bank of England figures show that there was a 1.6 per cent decrease on the [...]
