Economic Review of May 2017

BOE Governor Offers Cautious Quarterly Inflation Report

The Governor of the Bank of England, Mark Carney, delivered his Q1 2017 Quarterly Inflation Report in mid May, with several caveats as to the state of the UK economy. Whilst maintaining an overall positive stance regarding the growth in wages beyond 2017, he believes that they will only continue to rise if we see a ‘smooth’ withdrawal from the European Union.

For full briefing click here. Economic Review May 2017

Residential Property Review – May 2017

Questions over new builds

There is little doubt that the introduction of the Help To Buy equity loan scheme by the Government back in 2013, considerably boosted the new-build sector for residential property in the UK.  In 2016, the highest number of new homes were built since 2007.  However, there have been some concerns regarding the loan to valuations attributed to some of these transactions in the past.

For full briefing click here Residential Property Review May 2017

Your Home Finance Spring 2017

Buy-To-Let -Where are we now?

The buy-to-let market looks set to change in the coming years as April’s tax changes start to bite. Buy-to-let landlords have already faced changes in Stamp Duty Land Tax in England and Wales, and Land and Building Transaction Tax in Scotland. New landlords, or those wanting to take on new loans, will also find themselves subjected to tougher underwriting standards operated by lenders.

For full briefing click here. Your Home Finance Spring 2017

Residential Property Review April 2017

Increase in gross mortgage lending in March

In its latest data release, the Council of Mortgage Lenders (CML), the body representing 97% of all UK residential mortgage lenders, has announced that gross mortgage lending in March increased to £21.4bn. This level is 19% lower than lending figures released for March 2016. Much of this decline is accounted for by the 2016 rush of home buyers looking to avoid the increased stamp duty rates for additional properties, which took effect in April 2016. Gross mortgage lending is down 4% on Q4 2016 and down 6% on Q1 2016.

For full briefing click here. Residential Property Review April 2017