UK HOUSE PRICE INDEX: MAY 2016 (released 19 July 2016)
The May 2016 house price index data for the UK showed a monthly rise of 1.1 per cent across England, Wales, Scotland and Northern Ireland, bringing the average house price to...
Help-to-Buy
The Government Help to Buy initiatives have proved popular since their launch in 2013, allowing thousands of First Time Buyers to step onto the property ladder.
It is worth noting however, that these schemes are not just...
Economic News - 12th July 2016
The referendum vote at the end of June in favour of leaving the EU will have a major effect on the UK economy in both the short and the long term.
In the immediate aftermath, the Bank of England issued...
Coventry Building Society Increases Rental Requirement
Tuesday, August 2, 2016
Coventry Building Society increases rental requirement
Coventry Building Society has become the latest lender to raise the rental income requirement on their Buy-to-Let mortgages. As of this week their calculation has increased from...
In the last budget George Osborne announced that tax relief for landlords is to be cut, limiting the amount of income they can offset against mortgage interest payments. While the detail is fairly convoluted the basic outcome is that many, if...
UK HOUSE PRICE INDEX: APRIL 2016 (released 14 June 2016)
[The new UK House Price Index comprises figures collated by the Office for National Statistics from data supplied by Land Registry, Register of Scotland, Land and Property Services,...
At the end of May, the Office of National Statistics (ONS) announced that their second estimate of the Gross Domestic Product (GDP) for the first quarter of 2016 would remain unrevised at 0.4 per cent. The report showed that the economy was...
95% loan-to-value mortgages improve
For today’s First Time Buyers, one of the biggest challenges involved in trying to get a foot on that elusive property ladder is raising the deposit.
With house prices seemingly on the...
