Showing category "flats for sale exmouth" (Show all posts)

Prices Continue to Surge Across the South West

Posted by Jonathan Braddick on Wednesday, April 30, 2014, In : flats for sale exmouth

According the press house prices are set to continue to surge across the South West by in the region of 6% per year, for the next five years. It is reported that this is as a result of a severe shortage of housing.

Prices across the South West are said to have risen by around 7.5% year-on-year to April. As a result the average home in the South West region is reported to be worth £198,325 – which is close to the pre-recession levels - according to a Nationwide report.

It is believed tha...

Number of First Time Buyers On The Rise

Posted by Jonathan Braddick on Sunday, February 23, 2014, In : flats for sale exmouth

New statistics have been published by The Council of Mortgage Lenders (CML) that show an big improvement in the amount of 'first time buyers' qualifying for a mortgage in the last month of 2013.

The statistics indicate an increase in 'first time buyer' borrowing of over 26% year on year. The amount of first time buyers and people moving home got bigger nationally during the last quarter of 2013. There was an annual increase of 37% and 19%. These numbers are reflective of the increasing trend ...
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Mortgage Lending Fell By Nine Per Cent In January, But Banks Insist The Market Is Improving.

Posted by Jonathan Braddick on Monday, February 25, 2013, In : flats for sale exmouth

It is reported by the Council of Mortgage Lenders (CML) that the level of lending reduced by 9% month-on-month during January. It is estimated that £10.4 billion of lending was advanced last month. This is a 3% reduction on the same period 12 months ago. Even though there is a slowdown, the CML states that it thinks activity to rise in months ahead due to improved mortgage availability and lots of cheap deals on offer.

Other research issued recently by the financial information website 'Money...

Number of First Time Buyers Increases

Posted by Jonathan Braddick on Monday, January 14, 2013, In : flats for sale exmouth

The latest research from Halifax has shown that there were approximately 12% more first time buyers in 2012, an increase of 193,000 since 2011. This is the largest annual total since 2007.

Halifax’s research further detailed that the average price paid by the typical first time buyer in November 2012 was affordable based on the average UK wage.

The typical property price paid by a first time buyer last year was £139,921 showing a 3% increase on 2011. The Telegraph recently reported that appr...

Landlords look to increase their portfolios

Posted by Jonathan Braddick on Monday, October 1, 2012, In : flats for sale exmouth

New research from Paragon Mortgages has revealed that UK landlords want to add to their portfolios in Q4 2012 as reported on houseladder.co.uk.Paragon Mortgages’ research showed that terraced houses and flats are becoming increasingly popular with buy-to-let investors.

10% of landlords believe they will add to their portfolio in the last quarter of the year and professional landlords are more likely to buy than their smaller scale counterparts.

Managing Director of Paragon Mortgages, John He...

House prices in 'surprising' jump says Nationwide

Posted by Jonathan Braddick on Sunday, September 16, 2012, In : flats for sale exmouth

House prices jumped a "surprising" 1.3% in August, the Nationwide building society has said.

It was the biggest monthly rise since January 2010 and left the average UK house price at £164,729.

It means prices are only 0.7% lower than a year ago, despite the recession and continued mortgage rationing.

However, the society's chief economist, Robert Gardner, warned that "we should never read too much into one month's data".

"Nevertheless, the fact that the annual pace of house price decline moderat...

Lloyds Banking Group is set to lend £5bn to first-time buyers by the end of 2012

Posted by Jonathan Braddick on Monday, August 13, 2012, In : flats for sale exmouth

Lloyds Banking Group is set to lend £5bn to first-time buyers by the end of 2012. This amount will help over 50,000 people to get on to the housing ladder.

The lender is supplying mortgages to one in four first-time buyers ensuring its place as the largest lender in the current market.

Its Halifax sector provides one in three mortgages for affordable housing schemes such as shared ownerships and shared equity. It also provides one third of lending for all of the UK’s new build properties.

Ste...

First-time buyer transactions bounce back

Posted by Jonathan Braddick on Friday, June 29, 2012, In : flats for sale exmouth

According to the latest LSL Property Services plc First Time Buyer Monitor the average price of a first-time buyer property has also risen by 4.3% to £127,493 and the average LTV fell from 81.1% to 79.7%.

Wealthier buyers pushed up first-time buyer prices in May and the affordability of both deposits and mortgage repayments improved on a monthly basis. Buyers had to pay less for properties in May than their counterparts in February and March who were pushed to complete before the stamp duty d...

Mortgage Activity Bounces Back in May

Posted by Jonathan Braddick on Sunday, June 24, 2012, In : flats for sale exmouth

Mortgage activity climbed to its highest level this year in May, up 25 percent on January, according to the most recent National Mortgage Index from the UK’s leading independent mortgage broker, Mortgage Advice Bureau (MAB).

Using data from more than 500 brokers and 800 estate agents, the National Mortgage Index found the total number of mortgage applications year-to-date was up 16% on 2011. This increase is being driven in part by a surge in remortgage business, with the amount of remortgag...