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KEYWORD "UK Finance" - 80 RESULTS
More property repossessions - but not a cause for worry, say experts

UK Finance’s latest data shows the percentage of mortgaged properties taken into possession has risen, but the trade body insists this...

09 August 2024

From: Breaking News

Rightmove:  'New government must support buyers as mortgage payments soar'

The average first-time buyer mortgage payment has risen by 61% since the previous election year of 2019, research suggests. Analysis by Rightmove...

24 June 2024

From: Breaking News

Conveyancing Association launches digital signature guide

The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – has launched a new guide for conveyancing...

08 June 2024

From: Features

Stamp Duty reform tops General Election property wish-lists

Stamp Duty reform and more housebuilding top the General Election wish-lists for the property sector. General Election manifestos are yet to be...

31 May 2024

From: Breaking News

Conveyancing Association launches digital signature guide to accelerate sales

The Conveyancing Association (CA) has launched a new guide to help conveyancers understand and utilise digital signatures, electronic signatures and e-signature...

03 May 2024

From: Breaking News

Home mover mortgage lending hit 50-year low in 2023

The level of mortgage approvals for home-movers hit the lowest level since the 1970s amid the cost of living crisis in...

05 March 2024

From: Breaking News

Mortgages to older borrowers drop 37.1% amid higher rates - data

Older borrowers were deterred by high mortgage rates last year, bank data suggests. Quarter four figures from UK Finance show a 37.1%...

20 February 2024

From: Breaking News

Propertymark: Interest rate cut needed as mortgage arrears rise

Propertymark has urged the Bank of England to cut interest rates “as soon as practically possible” after the trade body noted...

09 February 2024

From: Breaking News

Mortgage lending to remain weak in 2024

Mortgage lenders are expecting a quieter year for home loans in 2024. Forecasts from banking trade body UK Finance suggest lending for...

28 December 2023

From: Breaking News

Bank of England: Interest rate rises haven't fully hit UK yet - warning

Household finances remain stretched and the full impact of higher interest rates and mortgage pricing has yet to fully hit the...

07 December 2023

From: Breaking News

‘Financial pressures’ remain as mortgage arrears rise

Mortgage arrears and claims for repossession are on the rise as official data shows how much homeowners are still struggling in...

10 November 2023

From: Breaking News

What’s behind Scotland’s speedy home sales?

Simon Jackson is Managing Director of SDL Surveying If we look at the latest data, it looks like there is something of...

28 October 2023

From: Features

Homeowners facing ‘Christmas mortgage crisis’ - warning

Around half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas...

20 September 2023

From: Breaking News

Fewer buyers stretching affordability to get on property ladder

Mortgage lending has dropped and buyers are no longer stretching their affordability limits, UK Finance claims. New data from the banking trade...

30 August 2023

From: Breaking News

Sharp rise in arrears and worse to come, mortgage lenders warn

There’s been a sharp rise in mortgage arrears as high interest rates have hit the housing market - and now there’s...

11 August 2023

From: Breaking News

Phil Spencer: It's the age of the older customer

We all want more transactions - the Holy Grail when it comes to agencies’ bottom lines - but an interesting aspect...

03 August 2023

From: Breaking News

Treasury outlines mortgage borrower support but landlords are excluded

The majority of mortgage lenders have committed to showing more flexibility to struggling borrowers but the Government has confirmed that support...

27 June 2023

From: Breaking News

40-year mortgages - should you consider one?

It’s a tough old road for today’s first-time buyers, with house prices and mortgage interest rates much higher than they were...

03 June 2023

From: Features

The nuances of mortgage lending and the role of the valuer

In simple terms, as you are probably aware, ‘lenders’ are the organisations who loan you something, in this case money to...

17 May 2023

From: Sponsored Content

Property Natter - Fancy that! First time buyers drive recovery

As Tennyson once observed…’.In the Spring, a young man’s fancy turns to thoughts of love…’.but not really. At the moment the...

29 April 2023

From: Features

‘More work needed’ a year since cladding reform pledges

It’s been a year since Housing Secretary Michael Gove declared that was “morally wrong” that leaseholders should pay to fix unsafe...

11 January 2023

From: Breaking News

Everything You Need To Know About the 2023 Housing Market

New year, old worries: what’s happening in the housing market? We’ve asked experts and collated forecasts, 15 in total. On the one...

07 January 2023

From: Features

Sales to decline by 23% in weaker mortgage market - claim

The cost of living crisis and rising interest rates will lead to a decline in property transactions and mortgage lending next...

12 December 2022

From: Breaking News

Buyers opt for longer-term home loans amid affordability concerns

Increasing numbers of property buyers are now taking out mortgages with terms of more than 30 years, new figures show. The latest...

08 December 2022

From: Breaking News

Phil Spencer - reasons why buying and selling makes sense right now

Let’s be completely honest - as challenges go, estate agents are up against it trying to persuade reluctant vendors to take...

06 October 2022

From: Breaking News

Lenders warn of drastic drops in mortgage options for buyers

Lower income households and homebuyers could start seeing their mortgage options dwindle as interest rates rise and the cost of living...

09 September 2022

From: Breaking News

Conveyancers reveal how mortgage lenders could speed-up sales

Issues with property titles and borrower affordability have been revealed among the main reasons why mortgage offers have been withdrawn. The results...

15 July 2022

From: Breaking News

Mortgages to cost more as base rate increases

The Bank of England has increased the base rate from 0.25 per cent to 0.5 per cent. This means a typical tracker...

03 February 2022

From: Breaking News

Mortgage borrowing set to slow after record year

Lenders’ umbrella group UK Finance has given its housing and mortgage market forecasts for 2022 and 2023 together, plus a year-end report for 2021. It estimates...

15 December 2021

From: Breaking News

No possessions until New Year, mortgage lenders announce

Mortgage lenders have announced a voluntary moratorium on possessions from today, December 13, until Tuesday January 4.  A statement from the umbrella...

13 December 2021

From: Breaking News

Insight - Is The Resi Market About To Turn?

Following a month in which the number of property transactions was the highest since records began, it might seem a little...

14 August 2021

From: Features

Housing market needs more help as Covid support measures end - call

Banks and building societies want the government to offer more help to the housing market through additional assistance to home owners...

28 May 2021

From: Breaking News

Confidence rising as mortgage choice for buyers hits recent high

Mortgage availability has risen for the fifth consecutive month according to respected market monitor Moneyfacts. With 3,532 products on offer, this is...

10 March 2021

From: Breaking News

UK’s property taxes highest in world according to official figures

The UK has topped the rankings for the highest property taxes as a percentage of overall taxation in the developed world...

09 December 2020

From: Breaking News

One in six homeowners with mortgages now on payment break

One in six home owners with a mortgage across the UK are now on some form of payment holiday with lenders...

22 June 2020

From: Breaking News

The three key factors influencing the UK property market

The outlook for the housing market is still taking shape, but here I take a look at three market indicators to...

30 May 2020

From: Features

Mortgage holiday extension welcomed despite ‘cliff edge’ worry

There’s been a cautious welcome for the extension to the current mortgage holiday scheme, due to run out for ‘early adopters’...

22 May 2020

From: Breaking News

Mortgage offers likely to be extended up to three months

Two financial trade bodies say most mortgage providers will give customers who have exchanged contracts the option to extend their mortgage...

30 March 2020

From: Breaking News

Housing market could be ‘frozen’ to avoid Coronavirus crash

It’s been reported that the government is talking with banks and building societies about putting the housing market ‘on ice’ during the...

27 March 2020

From: Breaking News

Agents Beware: definitive government guidance on buying and selling

The government has at last issued extensive advice on home moving and the activities of estate agents during the continuing Coronavirus crisis. This...

27 March 2020

From: Breaking News

Coronavirus: mortgage holidays announced by some lenders

There has been broad support and relief amongst property industry players following announcements from several lenders that they would grant mortgage...

11 March 2020

From: Breaking News

Death of buy to let has been greatly exaggerated, new figures show

Predictions that landlords are not buying properties to let out because of tougher rental taxes and regulations appear to be short...

19 February 2020

From: Breaking News

Spike in mortgage applications may create a Happy New Year for agents

Analysts are putting a surprise surge in mortgage approvals from banks down to a spike in applications ahead of the General...

02 January 2020

From: Breaking News

More first time buyers but fewer landlords, according to mortgage data

There was an increase in the number of first time buyers getting on the property ladder in September compared to the...

20 November 2019

From: Breaking News

Market worries: mortgage lending falls to six-month low

The number of new mortgages approved by banks fell to a six-month low in September - but the annual figure shows...

25 October 2019

From: Breaking News

Cash buyers in retreat because of stamp duty, says Zoopla  

Cash buyers have fallen in 90 per cent of major UK cities over the past three years according to a Zoopla...

30 September 2019

From: Breaking News

Good news for agents as first time buyer numbers improve

There's good news for the market in at least one sector - mortgages offered to first time buyers. Latest figures from the...

18 September 2019

From: Breaking News

Stamp duty and easier mortgages help first time buyers select larger homes

First time buyers will constitute the largest single group of purchasers in 2019, despite the apparent difficulties of deposits and securing...

09 September 2019

From: Breaking News

Brexit not deterring first time buyers - but mortgage length is soaring

Brexit is not deterring first time buyers this year according to an analysis by the Yorkshire Building Society. It says that despite...

19 August 2019

From: Breaking News

Big jump in repossessions but lenders try to calm market fears

The number of owners' properties being repossessed jumped 15 per cent year on year in the second quarter of 2019. There were...

12 August 2019

From: Breaking News

The market’s in good shape, new mortgage figures suggest

Data from UK Finance, which represents most of the country’s lenders, shows that gross mortgage lending across the residential market in...

25 July 2019

From: Breaking News

Price falls ahead for overheated London and south east - warning

Online estate agency Yopa is warning of price falls ahead in London and south east England - although price rises elsewhere...

17 July 2019

From: Breaking News

Theresa May’s legacy - how has housing fared under her government?

Theresa May arrived in Downing Street some three years ago - but her premiership has not been a smooth ride. As she...

06 July 2019

From: Features

Good news as mortgage approvals show significant rise

The number of mortgages approved by High Street banks increased 5.4 per cent to 44,000 in April. Data from trade body UK...

29 May 2019

From: Breaking News

Gloomy mortgage data may mark ‘start of housing slowdown’ says agent

Agents have reacted gloomily to the release of figures showing that the number of new mortgages offered to both movers and...

17 May 2019

From: Breaking News

First time buyer mortgages strong despite ongoing Brexit uncertainty

Figures released this morning show a surge in first time buyers securing mortgages in recent months, despite the market showing continued signs...

12 March 2019

From: Breaking News

Good market news at last as first time buyer borrowers hit a 12-year high

After several days of gloomy market news, here's something more optimistic - there were 370,000 new first time buyer mortgages completed in...

20 February 2019

From: Breaking News

Number of movers now only half the level before financial crisis

The number of movers has declined by around 50 per cent since the halcyon days of 2006, before the global financial...

20 February 2019

From: Breaking News

Anti-money laundering system to be beefed up by new government board

The National Association of Estate Agents has met with other members of a high-level government board to look at ways of...

15 January 2019

From: Breaking News

What next for property in 2019?

As 2018 draws to a close, it is fair to say that stretched affordability and uncertainty over the Brexit negotiations has...

29 December 2018

From: Features

What are the biggest challenges facing letting agents in 2019?

There is a perfect storm brewing in the lettings market, and as the saying goes, “you can’t change the direction of...

12 December 2018

From: Features

Sellers take a reality check says agent after lending rises

Mainstream bank lending for house purchases grew by 3.6 per cent in October compared to the same month last year. However the...

27 November 2018

From: Breaking News

Agents want Budget to help remedy slump in mortgage approvals

Mortgage approvals fell again in September - this means that every month of 2018 so far has seen a drop against...

25 October 2018

From: Breaking News

Good news for first time buyers - terrible news for buy to let sector

Figures from the mortgage lenders’ umbrella group, UK Finance, suggest the government desire to see more first time buyers and fewer...

17 October 2018

From: Breaking News

Good news - mortgage arrears and repossessions continue to fall

There’s been another drop in mortgage arrears and possessions for owner occupiers - although an increase for some elements of the...

10 August 2018

From: Breaking News

'Buyers sitting on their hands' as mortgages for purchase fall again

Total mortgage approvals by the main High Street banks increased three per cent in May over the same month last year...

27 June 2018

From: Breaking News

Good news as mortgage arrears plummet to record low

The housing market may have seen some depressing figures of late but there’s good news about mortgage arrears - they’re at...

11 May 2018

From: Breaking News

Agents voice concern as lending slump points to possible slow market

Fewer mortgages were approved for home buyers last month than in the same month a year ago according to figures from...

27 April 2018

From: Breaking News

Surprise boost for housing market as mortgage volumes soar

Property purchases for buyers requiring mortgages reached 50,000 in February, the highest level for the month since 2007.  The data, from mortgage...

18 April 2018

From: Breaking News

Boost for housing market with surge in number of first time buyers

The switchback of house price indices and other data on the state of the market has taken a turn for the...

15 March 2018

From: Breaking News

So much for a slowing market - house prices are up more than expected

Despite a string of property pundits suggesting the market is slowing down, new figures from the Office for National Statistics show...

14 February 2018

From: Breaking News

Stamp duty reform, more new homes, possible longer tenancies

Stamp duty reform for first time buyers has taken pride of place in the Budget speech of Chancellor Phillip Hammond.   From today,...

22 November 2017

From: Breaking News

Financial crime – are estate agents at risk?

The spread and sophistication of financial crime in the UK in recent years has been unprecedented.  Figures from UK Finance show that...

04 November 2017

From: Features

Buoyant mortgage lending fuels talk of interest rate rise next week

New figures from UK Finance, the umbrella body for finance houses, show gross mortgage lending in September rose to £21.4 billion...

26 October 2017

From: Breaking News

'Agents worried about 2018 should sell up now' advises analyst

An industry analyst says some agents may find it tough to survive in 2018 if they’re hit by a double whammy...

24 October 2017

From: Breaking News

Mortgage lending boost brightens housing market outlook

Mortgage lending reached £24.2 billion in August according to latest estimates by UK Finance. There were some 41,807 house purchase approvals, with...

27 September 2017

From: Breaking News

Slash stamp duty by a third, estate agency tells government

Jackson-Stops & Staff, a critic of the stamp duty system since its reform in 2014, now says the government should slash...

31 August 2017

From: Breaking News

Agents broadly welcome better-than-expected mortgage data

New data from UK Finance - previously the Council of Mortgage Lenders - paints a relatively optimistic assessment of the UK-wide...

24 August 2017

From: Breaking News

First time buyers more active, says Connells, but Brexit clouds linger

Almost half of all property purchase valuations last month were conducted on behalf of first-time buyers according to Connells - well...

23 August 2017

From: Breaking News

Mortgage lending up but figures reveal housing market 'plateau'

Gross mortgage lending reached £22.1 billion in June - that’s nine per cent higher than in May and three per cent...

21 July 2017

From: Breaking News

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