House building firms in Wales may see the market getting a bit more tricky to navigate, and less worth bothering with, according to the boss of a leading house builder. Steve Morgan, the chairman of Redrow, has spoken out about Read more…

Industry figures show that mortgage lending fell in August, as part of the traditional summer decline in market activity, although borrowing is still higher than this time last year. The Council of Mortgage Lenders said that August lending was 9 Read more…

The Financial Conduct Authority (FCA) has revealed that it has started a review of the mortgage market in an attempt to find out if competition between lenders is actually working well, with concerns that borrowers are missing out on the Read more…

A total of 71,030 mortgages were approved in August, the highest number of loans for 19 months and up from 69,010 in July. These figures from the Bank of England beat analysts’ expectations and represents the largest rise since 2008, Read more…

Some of the major lenders in the UK have begun selling mortgages which only require a small deposit again. Santander and Nationwide have recently launched mortgage products which are at 95 per cent loan-to-value. This means borrowers only need a Read more…

The number of people making use of the Help to Buy service rose to a record high in June, according to new data, with property worth £1.1 billion being purchased. There were more than 4,700 equity loans received through the Read more…

Citizens Advice have announced that almost one million homeowners are unable to pay off their mortgages, because they chose interest-only loans. The Financial Conduct Authority (FCA) did not expect this figure to be so high in previous estimates, and Citizens Read more…

The British Bankers’ Association (BBA) has announced the number of mortgages approved in the UK during July rose to a 17-month high, indicating the housing sector is improving. There were 46,033 mortgage approvals for house purchases in July, beating the Read more…

The Glasgow City Council and Glasgow Credit Union have unveiled a partnership which will help buyers get onto the property ladder, which is especially positive news for first-time buyers. The partnership has been approved by the council’s executive committee, and Read more…

Thanks to first-time buyers, mortgage lending recovered in June after their strong return to the property market, according to the Council of Mortgage Lenders (CML). Compared to May, the value of mortgages which were taken out by first-time buyers rose Read more…