Mortgage approvals for house purchases fell slightly from 60,800 in April to 60,000 in May, says the Bank of England. Approvals for...
Archive
![Mortgage Lending plummets to 30-month low - but Better To Come](/upload/images/shutterstock_2048038904%20-%20Copy.jpg)
Total mortgage lending sat at just £50.5 billion during the first quarter of 2024, the lowest level seen since interest rates...
24 June 2024
From: Breaking News
![Mortgage Debt reduces despite Housing Market Bounce-back](/upload/images/24%2006%2019%20%2003.jpg)
Overall, the total value of the UK housing market contracted by 21% in the year to March 2024, on the back...
19 June 2024
From: Breaking News
![Reform UK policies dismissed by mortgage chiefs as 'Truss Mark 2'](/upload/images/24%2006%2019%20%2005.jpg)
Mortgage experts have criticised the Reform UK housing and tax policies as being superficially appealing but risking a return to the...
19 June 2024
From: Breaking News
![Interest Rates depress mortgage approvals in spring market](/upload/images/24%2006%2005%20%2005.jpg)
Official Bank of England figures shows that net mortgage approvals for house purchases totalled 61,100 in April, little changed from 61,300...
05 June 2024
From: Breaking News
![April Mortgages launches Dutch-style house purchase product range](/upload/images/24%2005%2022%20%2001.jpg)
April Mortgages has launched its new unique house purchase mortgage range. Now all registered firms will be able to offer the entire...
22 May 2024
From: Breaking News
![Painfully slow house buying process may hit transaction volumes - Rightmove](/upload/images/24%2005%2022%20%2003.jpg)
Rightmove is predicting some 1.1m residential transactions this year - but it says the glacial pace of house buying in the...
22 May 2024
From: Breaking News
![Mortgage Lending set to double next year - new figures](/upload/images/24%2005%2013%20%2001.jpg)
UK mortgage lending is forecast to grow just 1.5% (net) in 2024, according to the latest EY ITEM Club Outlook for...
13 May 2024
From: Breaking News
![Credit Set to be More Selective as lenders’ worries rise - new stats](/upload/images/240422%20%2004.jpg)
New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in...
22 April 2024
From: Breaking News
![Housing Market shows sign of improvement despite high rates](/upload/images/24%2004%2010%20%2003.jpg)
UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in...
10 April 2024
From: Breaking News
![Good News of Approvals from the Bank of England](/upload/images/24%2004%2008%20%2003.jpg)
Mortgage approvals jumped 7.7% in February to 60,383, and were 40% higher than they were a year ago, new figures from...
08 April 2024
From: Breaking News
![Mortgage volumes plummet for older borrowers](/upload/images/24%2002%2026%2005.jpg)
There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...
26 February 2024
From: Breaking News
![TSB raises some rates, reduces others; NatWest and Halifax increase](/upload/images/240212%2002.jpg)
With the quick-fire mortgage rate cuts which characterised the past month now slipping into the rear-view mirror, the latest changes from...
12 February 2024
From: Breaking News
![Mortgage Market Bounce drives housing market recovery](/upload/images/24%2002%2005%2003.jpg)
The number of mortgages offered to home buyers went up from 49,300 in November to 50,500 in December, against the normal...
05 February 2024
From: Breaking News
![Demand for Mortgages Soars as rates war draws in applicants](/upload/images/24%2001%2008%2001.jpg)
Latest Bank of England data released in recent days shows net mortgage approvals for house purchases rose from 47,900 in October...
08 January 2024
From: Breaking News
![2024 - forecasts on lending, buy to let, arrears and possessions](/upload/images/23%2012%2020%202.jpg)
UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...
20 December 2023
From: Breaking News
![Grinch! No Christmas cheer in Q3 UK Finance sentiment survey](/upload/images/23%2012%2011%205.jpg)
There’s been a sharp decline in household financial confidence in the UK according to the latest UK Finance sentiment survey. The Q3...
11 December 2023
From: Breaking News
![Dire borrowing and credit data from Bank of England](/upload/images/__thumbs/23%2011%2008%203.jpg/23%2011%2008%203__400x193.jpg)
There’s been an alarming set of figures in the Bank of England’s latest Money and Credit report, which relates to September. Net...
08 November 2023
From: Breaking News
![Mortgage Guarantee Extension in package of first time buyer help](/upload/images/__thumbs/23%2010%2030%203.jpg/23%2010%2030%203__400x267.jpg)
A range informal media briefings on behalf of the UK government suggest that an extension of the current mortgage guarantee scheme...
30 October 2023
From: Breaking News
![Interest Rates Are Redefining Housing Market - Nationwide](/upload/images/__thumbs/23%2010%2011%2001%20by%20Graham%20Norwood.jpg/23%2010%2011%2001%20by%20Graham%20Norwood__400x267.jpg)
The Nationwide says high interest rates are helping to redefine the housing market in terms of transaction volumes and choices of...
11 October 2023
From: Breaking News
![Huge Increase in Three Year Fixed Mortgage Products](/upload/images/Shutterstock-only%20images/Property%20Market/2_MortgageCalculated.png)
The number of three-year fixed mortgage products available from lenders has been rising over the last few months as borrowers coming...
02 October 2023
From: Breaking News
![UK Finance Review shows how borrowers cope with higher rates](/upload/images/__thumbs/23%2009%2006%203%20UK%20Finance%20Review%20shows%20how%20borrowers%20cope%20with%20higher%20rates%20.jpg/23%2009%2006%203%20UK%20Finance%20Review%20shows%20how%20borrowers%20cope%20with%20higher%20rates%20__400x400.jpg)
UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. The headlines...
06 September 2023
From: Breaking News
![Accord bucks upward swaps trend with further rate cuts](/upload/images/Accord%20nucks%20swap%20rates%20by%20cutting%20mortgages%20-%20Introducer.png)
Accord is once again cuts rates across its residential mortgage range by between 0.15% and 0.25%, at a time when market...
25 April 2023
From: Breaking News
![Accord cuts rates at the double!](/upload/images/Shutterstock-only%20images/Property%20Market/BalancingPercentages-400x310.png)
Accord Mortgages is making further changes to its buy-to-let and residential rates. For the second time in as many weeks, buy to...
04 April 2023
From: Breaking News
![Mortgage approvals down 20% year on year, but sunnier days ahead](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplication_400x310.png)
The latest market analysis by specialist property lending experts, Octane Capital, reveals that recent uncertainty in the property market during the...
14 February 2023
From: Breaking News
![Third rate cut in as many weeks for Accord buy-to-let](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceChange.png)
Accord Mortgages has made changes to its buy-to-let range to offer lower rates to brokers and their clients. The intermediary-only lender is...
31 January 2023
From: Breaking News
![Impact of cheaper mortgages may eclipse house price declines](/upload/images/MortgageCalculated.png)
Staying close to a mortgage broker will be an important part of timing a house purchase correctly in 2023. Mortgage rates will...
24 January 2023
From: Breaking News
![Mortgage approvals predicted to drop by 13% for residential property purchases](/upload/images/Shutterstock-only%20images/Property%20Market/FinanceCalculator-400x310.png)
Octane Capital expects the total level of UK mortgage approvals to be 1.570 million by the end of 2022. That is...
22 November 2022
From: Breaking News
![Make way second-steppers – FTBs account for 11% of market activity](/upload/images/Housing%20Market%20%26%20Property%20Images/MillennialTenants-Tablet-400x310.jpg)
Research by Stipendium reveals that first-time buyers account for one in 10 of all property transactions across England. The property platform analysed...
16 June 2022
From: Breaking News
![Stamp duty costs on BTL homes up £12k since Gov changes](/upload/images/Housing%20Market%20%26%20Property%20Images/StampDuty-3-400x310.jpg)
The average stamp duty payment on buy-to-let (BTL) homes has increased by £11,848 in England, and almost 1,000% higher than that...
14 June 2022
From: Breaking News
![Insight - is the pandemic property market boom fizzling out?](/upload/images/Coronavirus/CoronavirusLockdown-400x310.jpg)
Despite a strong start of the house price growth this year, the latest analysis from specialist property lending experts, Octane Capital,...
17 May 2022
From: Breaking News
![Nationwide house price index shows strong market – industry reacts](/upload/images/Housing%20Market%20%26%20Property%20Images/uk-housing400x310.png)
The latest Nationwide house price index, released yesterday morning, reveals that January has seen the strongest start to the year since...
03 February 2022
From: Breaking News
![Mortgage roundup – new year, new products, new rates](/upload/images/Site%20logos/MortgageRoundup-400x310.png)
In the first mortgage roundup of 2022, Introducer Today takes a look at the latest mortgage news, from Landay’s bolstered Green...
18 January 2022
From: Breaking News
![Good news for advisors – tech prevails and business bounces back](/upload/images/library/Digital-Online-400x310.jpg)
Data released by independent equity release advisory service, Equity Release Supermarket (ERS), shows that there’s a continued desire amongst their customers to...
04 November 2021
From: Breaking News
![Mortgage roundup – “Outstanding” products for lenders and consumers](/upload/images/library/House-Percentage-MortgageRates-400x310.jpg)
The mortgage roundup column returns to bring you the latest news on mortgage products coming to the market, featuring Furness Building...
12 October 2021
From: Breaking News
![Over-55s in the South are three times as likely to use equity release](/upload/images/Miscellaneous/old%20people.png)
A new study from equity release lender more2life has uncovered the UK regions where using equity release to fund a house...
12 October 2021
From: Breaking News
![Whopping 123% rise in house purchases – has the market bounced back?](/img/default/it.png)
An equity release advisory is reflecting on the shifts in equity release usage and behaviour in the first quarter of 2021. Research...
06 May 2021
From: Breaking News
![Extend the stamp duty holiday, say majority of buyers](/img/default/it.png)
With tomorrow’s Budget expected to be one of the most significant in recent history, fresh research by MoneySuperMarket reveals 74% of...
02 March 2021
From: Breaking News
![Revealed – Covid’s ongoing effect on the housing market](/img/default/it.png)
Equity Release Supermarket (ERS) has reported the behavioural shifts and factors still influencing customers due to the ongoing effects of the...
04 February 2021
From: Breaking News
![It’s ‘business as usual’ for Together despite Lockdown 3](/img/default/it.png)
Specialist lender Together has confirmed it will continue lending despite tougher restrictions as the UK enters another national lockdown. England was plunged...
07 January 2021
From: Breaking News
![Mortgage expert – buyers must act now before stamp duty cut ends](/img/default/it.png)
A mortgage advisor is urging prospective buyers to act now before the stamp duty holiday comes to an end. Matt Colley, director...
19 November 2020
From: Breaking News
![Hinckley first UK lender to launch digital mortgage application system](/img/default/it.png)
Hinckley & Rugby Building Society is the first UK lender to go live with an innovative digital system developed in Denmark. Developed...
13 February 2019
From: Breaking News
![Hinckley introduces cashback mortgage for first time this century](/img/default/it.png)
Hinckley & Rugby Building Society has launched a new cashback mortgage with no completion fee. The new residential mortgage is a two-year...
23 January 2019
From: Breaking News
![Annual house price growth slows to lowest rate in five years](/img/default/it.png)
Average property prices in the three months to October were 1.5% higher than in the same three months a year ago,...
09 November 2018
From: Breaking News
![Digitizing the mortgage market remains a top priority for banks](/img/default/it.png)
Intelenet Global Services has launched a new ‘Lending Suite’ to help banks generate mortgage offers in as little as 30 minutes. The...
20 September 2018
From: Breaking News
![Accord advises brokers on avoiding house sales delays](/img/default/it.png)
Advice has surfaced from Accord Mortgages on how brokers can reduce house sales delays caused by property valuation set-backs during autumn. Recently,...
17 October 2017
From: Breaking News
![House purchase lending higher this year than 2016](/img/default/it.png)
Fresh data from UK Finance has found that borrowing and lending for house sales increased in both value and volume in...
17 October 2017
From: Breaking News
![Small deposit buyers increase share of UK mortgage market](/img/default/it.png)
Small deposit buyers were given a New Year boost, with their share of the mortgage market increasing in January 2017. Small deposit...
03 March 2017
From: Breaking News
![Lending to first-time buyers at its highest since 2007](/img/default/it.png)
A new report from the Council of Mortgage Lenders (CML) has shown that more mortgages were handed to first-time buyers in...
11 August 2016
From: Breaking News
![Five year fixed rate mortgages cut by Accord](/img/default/it.png)
Rates for borrowers looking to secure a longer-term deal have been slashed by Accord Mortgages, with a 0.15% reduction on selected...
17 June 2016
From: Breaking News
![Nationwide hikes maximum lending age to 85](/img/default/it.png)
Nationwide Building Society is increasing its maximum age for mortgage maturity from 75 to 85. This follows last week's move by the...
09 May 2016
From: Breaking News
![Bank statistics show strong mortgage lending](/img/default/it.png)
The latest edition of the Bank of England’s Money and Credit Figures show mortgage lending was strong in the first quarter...
03 May 2016
From: Breaking News
![Brokers hail “bumper” March for lending](/img/default/it.png)
Brokers and lenders are celebrating a "bumper month" which saw borrowing in March 64% higher than one year earlier. Gross mortgage borrowing...
27 April 2016
From: Breaking News
![Lending surges across the board but slowdown in sight](/img/default/it.png)
Lending to both residential buyers and property investors soared over the last year but experts warn there is a slowdown in...
14 April 2016
From: Breaking News
![Chelsea unveils fee-free offset range](/img/default/it.png)
Chelsea Building Society has launched a competitive new fee-free offset range aimed at borrowers who want to reduce the upfront costs...
07 April 2016
From: Breaking News
![Buy-to-let landlords face double deadline](/img/default/it.png)
February saw the second highest monthly total of house purchase approvals since January 2014 as buy-to-let investors raced to meet April's...
11 March 2016
From: Breaking News
![Higher-LTV lending squeezed as purchases soar](/img/default/it.png)
House purchase values rose 20% in the final quarter of 2015 yet there was also a worrying drop in higher-LTV lending. The...
09 March 2016
From: Breaking News
![“Buy-to-let blitz” lifts mortgages to new high](/img/default/it.png)
The rush to complete buy-to-let purchases before April has driven mortgage approvals to a two-year high, property experts say. The number of...
01 March 2016
From: Breaking News
![Mortgage lending soars 38% in a year](/img/default/it.png)
Gross mortgage lending surged 38% in the past year to hit £13.6 billion last month, the highest figure for nearly eight...
25 February 2016
From: Breaking News
![Accord cuts buy-to-let rates by 0.3%](/img/default/it.png)
Accord Buy to Let has cut the rates on its range of three and five-year fixed rate mortgages by up to...
23 February 2016
From: Breaking News
![Accord and Leeds unveil five-year fixes](/img/default/it.png)
Accord Mortgages and Leeds Building Society have launched new five-year fixed-rate mortgages with added incentives. Intermediary-only lender Accord’s deals are aimed at borrowers...
17 February 2016
From: Breaking News
![Buy-to-let drives mortgages to nine-year high](/img/default/it.png)
The housing market has been given a one-off boost from the surge in buy-to-let lending triggered by April’s tax changes. New figures show that...
11 February 2016
From: Breaking News
![Accord widens two-year mortgage range](/img/default/it.png)
Accord Mortgages has extended its two-year mortgage range by launching new deals for borrowers with higher loan sizes. The intermediary-only lender, part of Yorkshire Building...
03 February 2016
From: Breaking News
![Mortgage approvals hit two-year high](/img/default/it.png)
New figures show the housing market defying the traditional seasonal slowdown in December as mortgage approvals hit a two-year high. The number of...
02 February 2016
From: Breaking News
![Mortgage approvals leap 24% in December](/img/default/it.png)
Monthly mortgage approvals soared 24% year-on-year to £12.4 billion in December but brokers deny lending is getting out of control. Across 2015,...
28 January 2016
From: Breaking News
![Average deposit tops £80,000 for first time](/img/default/it.png)
The average house purchase deposit jumped 15% in a year to more than £80,000 in December. This is its highest point since the...
27 January 2016
From: Breaking News
![Supply crunch hits mortgage lending](/img/default/it.png)
The shortage of properties for sale has hit house purchase approvals which fell more than 3% in December. There were 68,218 house purchase...
21 January 2016
From: Breaking News
![Mortgage lending slumps in November](/img/default/it.png)
Mortgage lending for house purchases slumped nearly 10% to £10.7 billion in November as the winter slowdown set in. Despite the dip...
15 January 2016
From: Breaking News
![First-time buyer sales top 300,000 in 2015](/img/default/it.png)
The number of first-time buyers topped 300,000 in 2015 for the second year in a row, new figures show. This is a...
11 January 2016
From: Breaking News
![Housing market shrugs off winter slowdown](/img/default/it.png)
Mortgage approvals for house purchases rose again in November as the market defied a seasonal winter slowdown. Loan approvals for house purchases...
05 January 2016
From: Breaking News
![Buy-to-let enjoys calm before the storm](/img/default/it.png)
Buy-to-let enjoyed another strong month in October with a 7% jump in lending and 5% rise in remortgages. But property experts warn...
16 December 2015
From: Breaking News
![House purchase lending leaps 8% in October](/img/default/it.png)
The property market is set for a strong finish to 2015 after a healthy 8% rise in house purchase lending in...
16 December 2015
From: Breaking News
![First-time buyers locked out of market boom](/img/default/it.png)
House purchase lending has leapt almost 20% in the past 12 months but first-time buyers remain locked out of the booming...
14 December 2015
From: Breaking News
![Lowest ever intermediary fix launched](/img/default/it.png)
Platform has launched the lowest ever two-year fixed-rate at 90% LTV for intermediaries. The two-year deal is for house purchases and charges 2.24%...
02 December 2015
From: Breaking News
![Buy-to-let tax will spark property boom and bust](/img/default/it.png)
Mortgage experts have warned that Chancellor George Osborne's latest assault on buy-to-let could trigger a housing market "boom and bust". The surcharge was...
27 November 2015
From: Breaking News
![Housing market enjoys bumper October](/img/default/it.png)
Two new sets of figures published today showing the housing market firing on all cylinders into the autumn. House in England and...
12 November 2015
From: Breaking News
![Nationwide offers free valuations across entire range](/img/default/it.png)
Nationwide Building Society is removing all standard valuation fees from its mortgage range. Customers will now be able to select any mortgage...
12 November 2015
From: Breaking News
![Now Accord and Coventry both cut rates](/img/default/it.png)
Broker-only lender Accord and Coventry for Intermediaries are the latest to cut mortgage rates as the lender price war continues. Accord is...
05 November 2015
From: Breaking News
![Remortgage surge drives housing market](/img/default/it.png)
A dip in the number of mortgage approvals for house purchases in September was offset by a sharp rise in remortgaging. The Bank...
30 October 2015
From: Breaking News
![Mortgage lending leaps 25% in a year](/img/default/it.png)
Mortgage approvals leapt 24% in the year to September driven by a resurgence in remortgaging. Remortgages jumped 40% over the year, against...
27 October 2015
From: Breaking News
![Newcastle Intermediaries launches ‘All In One’ mortgage](/img/default/it.png)
Newcastle Intermediaries has launched what it claims is a unique “no fees and no hassle” mortgage covering all set-up fees including legal...
20 October 2015
From: Breaking News
![September mortgage lending hits new highs](/img/default/it.png)
Two new sets of figures published today show that September was another buoyant month for the housing market. There was a 20% year-on-year...
08 October 2015
From: Breaking News
![Mortgage approvals reach 2015 high](/img/default/it.png)
A new report from the Bank of England shows that approvals of loans for house purchases hit a 2015 high in...
01 October 2015
From: Breaking News
![August strongest month for lending since financial crisis](/img/default/it.png)
August was the strongest month for gross mortgage lending since the financial crisis with loans totalling £20 billion. That is 12% higher...
18 September 2015
From: Breaking News
![Tax crackdown threatens buy-to-let boom](/img/default/it.png)
New figures confirm that buy-to-let continues to outperform the mortgage market but industry experts warn that the forthcoming tax crackdown may...
16 September 2015
From: Breaking News
![UK house prices climb and outlook brightens](/img/default/it.png)
UK house prices rose by 5.2% over the last year helped by the return of the first-time buyer. The annual pace of...
15 September 2015
From: Breaking News
![Housing market enjoyed August surge](/img/default/it.png)
Two new surveys published today show that the property market scaled new highs yet again in August. The RICS UK Residential Market...
10 September 2015
From: Breaking News
![Fleet Mortgages cuts buy-to-let completion fee](/img/default/it.png)
Specialist buy-to-let lender Fleet Mortgages has unveiled a product with lower completion fees for loans up to £150,000. The two-year, fixed-rate product...
03 September 2015
From: Breaking News
![Accord cuts upfront buy-to-let mortgage costs](/img/default/it.png)
Accord Mortgages has launched a range of fee-free fixed rate mortgages aimed at cutting the cost of buying or remortgaging. Landlords can...
02 September 2015
From: Breaking News
![Rush to remortgage as fixed rates creep upwards](/img/default/it.png)
Homeowners rushed to remortgage in July amid signs that fixed-rate mortgages are now starting to creep up in price. Remortgaging jumped 29%...
27 August 2015
From: Breaking News
![Accord cuts upfront costs on buy-to-let mortgages](/img/default/it.png)
Accord Buy to Let is helping landlords manage the upfront costs of buying or remortgaging by extending its range of £195...
13 August 2015
From: Breaking News
![Buy-to-let leads June mortgage market revival](/img/default/it.png)
The mortgage market enjoyed a buoyant June with a resurgence in new lending and remortgaging, with buy-to-let leading the charge. House purchase...
12 August 2015
From: Breaking News
![First-time buyers numbers plunge again](/img/default/it.png)
The number of first-time buyers plunged more than 27% in the year to June, with no sign of a post-election bounce. There...
31 July 2015
From: Breaking News
![First-time buyers account for half of mortgages](/img/default/it.png)
First-time buyers accounted for nearly half of all mortgage-financed house purchases in the first half of this year. New figures from Halifax show they...
03 July 2015
From: Breaking News
![Remortgage market springs back into life](/img/default/it.png)
The number of remortgages grew strongly in May as homeowners took advantage of rising house prices and the lender price war...
30 June 2015
From: Breaking News
![Mortgage lending soars to post-crisis high](/img/default/it.png)
Mortgage borrowing jumped to a six-year high in May and average deposits also hit a new post-recession peak, new figures show. Deposits have...
26 June 2015
From: Breaking News
![Sharp falls in lending and house price growth](/img/default/it.png)
Record low interest rates couldn't prevent a decline in lending and house prices in April. UK house prices increased by 5.5% in...
17 June 2015
From: Breaking News
![Remortgaging hits two-year low](/img/default/it.png)
The value of remortgage lending slumped to a two-year low in March after falling 8% over the last 12 months. Total gross...