Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it
Mortgage applications up in 2011 |
|
Friday, 27 January 2012 11:47 |
|
Mortgage activity climbed higher in 2011, and the size of the loans applied for also increased compared with 2010, the latest National Mortgage Index compiled by Mortgage Advice Bureau has revealed. According to the data, the number of mortgage applications made in 2011 was up 21% on a year earlier, while the average loan size on the applications was 4.6% higher at £132,747. Meanwhile, the average deposit mortgage applicants put down in December of £59,375 was some 6.6% higher than in November and up 12.2% from December 2010. The average age of applicants in December was in excess of 39 years old, the highest level seen since the launch of the index. |
|
Tuesday, 24 January 2012 00:00 |
|
House sales in 2011 slumped to one of the lowest levels ever recorded, figures from HM Revenue & Customs show. House sales fell by 11% to 869,000 during 2011, the third year in succession that the UK housing market has recorded a fall in transaction numbers. HMRC data shows that the number of sales last year was equal to around half of that seen in 2007 before the effects of the banking crisis became apparent. Sales are predicted to remain relatively flat over the coming 12 months as lenders continue to constrain funding and deposits remain high. Yesterday's figure was only 21,000 more than was seen in 2009 when a record low of 848,000 properties were sold in the UK. |
|
Buy-to-let income to rise |
|
Thursday, 19 January 2012 00:00 |
|
Buy-to-let income is set to rise in 2012, according to Paragon Mortgages. Figures show that more than half (56%) of landlords expect demand for rented accommodation to increase over the next 12 months. Just 6% of landlords think tenant demand will fall over the year. In addition, almost half (45%) of landlords think they will increase their earnings from their buy-to-let portfolios this year, with only 2% predicting a decrease. There is no indication that any significant increase in arrears is expected, despite the struggling economy. Two thirds of landlords said that they thought arrears levels would stay stable and 20% said that they thought arrears would rise moderately. |
|
Friday, 11 November 2011 00:00 |
|
The number of mortgage valuations carried out for buy-to-let investors have almost doubled over the past year, according to Connells Survey and Valuation. Strong annual growth in valuation activity continued in October, with the buy-to-let sector said to have played a 'crucial role' in the rise. Indeed, there were 89% more valuations conducted for buy-to-let investors than in October 2010, with buy-to-let activity now responsible for 13% of all valuations it conducts, the highest proportion seen since January. "As demand for rental accommodation has gone from strength to strength, so too has landlords' appetite for mortgage finance," said John Bagshaw, the firm's corporate services director |
|
|
<< Start < Prev 1 2 Next > End >>
|
|
Page 2 of 2 |