UK Mortgage & Property Related News
The number of mortgage approvals made to home buyers dipped in November, although it remained above the monthly average seen over the past year, according to Bank of England figures.
Some 65,700 mortgage approvals for house purchases were recorded in November. That’s some 2,400 lower than October but above the previous 12-month average of 60,400.
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Energy-efficient properties can attract significant price premiums, analysis indicates.
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Landlords are opting to set up buy-to-let companies in record numbers as they race to benefit from better tax rates, says Hamptons.
Limited companies help investors to make their buy-to-let businesses more profitable.
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Despite a challenging rental market, buy-to-let properties in England and Wales are delivering their highest average gross yields in nearly a decade.
According to research by Hamptons, the average gross rental yield on a newly purchased buy-to-let in England and Wales has reached 7.2%.
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Landlords may be having jitters about investing in new properties ahead of potential Capital Gains Tax rate hikes and new EPC regulations.
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A prominent industry analyst has hit out at the Renters Rights Bill, saying it is an attack on the “entire UK property market.”
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40% of first-time buyers gave up being self-employed to ensure they could secure their mortgage repayments, according to new research from Aldermore.
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Thousands of homeowners have been warned about mortgage arrears, as new figures show huge numbers are struggling to make repayments.
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Homeowners in parts of Northern England are more than twice as likely to be behind on their mortgage repayments as those in the south, new research has revealed.
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Some of the UK’s biggest banks are set to shed light on whether borrowers are benefiting from lower interest rates, as the lenders continue to shake off ongoing economic uncertainty.
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