After the recent restrictions on mortgage lending, the rate at which applications were being passed dropped, but is now rising again. The British Banker’s Association (BBA) approved 41,881 mortgages in May, but increased to 43,265 in June. This is still Read more…

There have been fears of lengthening mortgage terms, with brokers urging regulators to crack down on the lengthening deals. It used to be that a 20-25 year mortgage term was the maximum that you were likely to encounter, however, mortgage Read more…

Recent alterations to the mortgage market were expected to impact young people the most, especially first time buyers and those who will struggle to get together a deposit or prove that they are earning enough to keep up with the Read more…

The Bank of England (BoE) have release figures indicating that the recent mortgage restrictions are now truly hindering the rate of mortgage approvals. So far this year May saw the lowest rate of mortgage approvals since June 2013. Approvals dropped Read more…

In an attempt to prevent irresponsible lending, the Bank of England will impose limits on how much people can borrow. On Thursday, the Bank announced the limits that would apparently make Britain the biggest economy to ever impose these kinds Read more…

Mortgage approvals are set to “fall significantly” in the coming quarter as banks aim to reduce the risks of lending, according to a survey by the Bank of England. The survey came just a few days before the Bank of Read more…

New research suggests that people are vastly underestimating the amount of money that a mortgage will cost, and that the average household does not have enough disposable income to spend on mortgage payments. According to the financial service Experian, the Read more…

Figures indicate that the housing market may be losing some momentum, as Britain’s banks approved the lowest number of mortgages last month since August last year. Over the last year it has been reported that house prices have increased by Read more…

Experts predict that intervention by the Bank of England’s Financial Policy Committee (FPC) will help to slow down the rapid pace of house price growth in the UK. Reuters carried out a poll of 30 property analysts and they found Read more…

Controversy has risen once again over the Help to Buy scheme, as past Chancellors have spoken out against Osborne’s Help to Buy scheme. Alistair Darling, Lord Lamont and Lord Lawson, all of whom are Osborne’s predecessors, have all spoken out, Read more…