UK Mortgage & Property Related News
The UK mortgage market is poised for growth in 2025, with lending activity expected to rebound amid improving economic conditions and stabilising interest rates.
According to the latest report from the Intermediary Mortgage Lenders Association (IMLA), gross mortgage lending is projected to increase by 16% to £275 billion, up from £237.5 billion in 2024. This growth is attributed to easing affordability pressures and greater demand for remortgaging as rates settle between 3% and 4%.
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Mortgage market activity and house prices proved surprisingly resilient in 2024 given the ongoing affordability challenges facing potential buyers.
That’s the view of the Nationwide, in a market snapshot suggesting a strong start to 2025 after a broadly strong 2024 too.
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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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