Residential Property Review November 2019

First-time buyer numbers hit a 12-year high

Numbers of people buying their first home reached a monthly high in August, achieving a level not seen since 2007, before the financial crisis.

The average first-time purchaser borrowed £175,361 or around 80% of the property value. The amount borrowed equates to a multiple of 3.52 of first-time buyers’ income, but with continuing low interest rates, this only represents 17.1% of total household income.

For full briefing click here. Residential Property Review November 2019

Property Market Review October 2019

Majority of commercial mortgage brokers optimistic about year ahead

The recently released ‘Broker Barometer’ from Shawbrook Bank has revealed that 67% of commercial mortgage brokers are feeling confident about the lending environment in 2020. Just over half of respondents (53%) stating they feel confident about business growth in the year ahead.

For full briefing click here. Property Market Review October 2019

Residential Property Review October 2019

Continuing uncertainty in residential property market

The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey, has reported a decline in home listings coming onto the housing market, with the net balance for new instructions slipping to its weakest point for more than three years at -37%.

For full briefing click here. Residential Property Review October 2019

Your Home Finance Autumn 2019

HOMEOWNERS PUT OFF MOVING DUE TO STRESS

If you find yourself recoiling at the prospect of selling up and finding a new property, you’re not alone. Quite apart from Brexit uncertainty and the housing market slowdown, it seems that many homeowners are putting off moving because it’s simply too stressful. Concerns about moving to a new location, having noisy neighbours and high estate agency gees, among others, explain why 60% of homeowners in a recent study1 are reluctant to start looking.

For full briefing click here. Your Home Finance Autumn 2019