First-time buyers were hard hit by tighter lending conditions in April, as loans for new buyers dropped to their lowest level for nine months. According to e.surv, part of the LSL Property group, mortgage approvals for house purchases fell to 49,165 last month, with the average deposit requirement rising to 40% as renewed fears over [...]
mortgage approvals
First-time buyers mortgage approvals fall on eurozone fears
First-time buyers were hard hit by tighter lending conditions in April, as loans for new buyers dropped to their lowest level for nine months. According to e.surv, part of the LSL Property group, mortgage approvals for house purchases fell to 49,165 last month, with the average deposit requirement rising to 40% as renewed fears over [...]
House purchase mortgage approvals up
The number of mortgages approved for house purchases increased to 52,410 in August, up from 49,644 in July and ahead of the previous six month average of 47,551, Bank of England figures show. Approvals for remortgaging increased to 34,668 (July: 31,652) and approvals for other purposes, such as equity release, stood at 21,084 (July: 20,519), [...]
Rise in home-buyer mortgage approvals
Mortgage approvals for house purchases rose to 46,967 in February, Bank of England figures show. The total compares with 45,723 approvals for January and is slightly ahead of the previous six-month average of 46,413. Approvals for remortgaging increased to 35,725 (January 33,498), also showing an improvement on the previous six-month average of 31,674. Meanwhile, approvals [...]
House prices to fall 5% this year
UK house prices are expected to fall gradually in 2011, after losing ground overall in the latter months of 2010, according to a respected economic forecaster.
IHS Global Insight is predicting a decline of around 5%, with the value of the typical home losing around 10% from the peak seen in the first half of last [...]
Mortgage approvals for house purchases slip 10%
For 2010 as a whole, house purchase mortgage approvals by the UK’s main High Street banks were down 10% on a year earlier, to fewer than 400,000, according to the British Bankers’ Association.
While the average value of house purchase approval fell slightly in December, to £143,300, the figure remained 1.6% higher than a year earlier.
Numbers [...]
