“The housing market seems to be slowing faster than the Bank of England had been banking on.” via UK lenders cut back on new mortgages as housing market slows | Reuters. If you need to sell your house fast in South Wales, may I recommend that you do it sooner rather than later. The media …
UK Housing market slowing faster than BoE expected Read More »
The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in recent times. via Mortgages Approval fall month-on-month for September in a clear sign the housing market …
Mortgages Approval fall month-on-month: a clear sign the housing market is slowing down Read More »
A survey conducted by YouGov on behalf of the Council for Mortgage Lenders and based on responses from 2,139 homeowners found 32 per cent currently state they have ‘healthy’ or ‘very healthy’ finances. However, 27 per cent expect to be either be in ‘serious or slight’ difficulties in three years’ time, up significantly from 18 …
How much more difficult will you find it when interest rates rise? Read More »
Christine Whitehead, professor of housing economics at the London School of Economics said of the UK housing market: “The number of [house sale] transactions is still very low because of lack of mortgage funding” Whitehead pinpointed the 2007 economic crisis and the lack of house building long-term as the reasons for the housing crisis. She …
Housing won’t normalise until 2020 – Industry in depth – Mortgage Introducer UK Read More »
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