Category: Property Law

Re-mortgage approvals up sharply year-on-year

Re-mortgage approvals increased by 37,400 in June, as homeowners moved to secure attractive fixed-rate deals ahead of the Bank of England’s (BoE) much-anticipated interest rate increase.

Strong performance for UK commercial property in first half of 2018

A new study suggests that Britain’s commercial property market welcomed widespread investment during the first half (H1) of 2018.

Homebuyers likely to consider long-term fixed mortgages following interest rate increase

On Thursday 2 August 2018, the Bank of England (BoE) increased interest rates for only the second time in a decade.

Mortgage approvals soar to highest since September

New figures published by UK Finance in recent days reveal that mortgage approvals hit a nine-month high in June.

“Pre-summer boost” for first-time buyer mortgages

The number of new homeowners who successfully secured a mortgage on their first property was up by 8.1 per cent month-on-month in May, a new study reveals.

Homebuyers urged to act fast ahead of expected interest rate rise

Homebuyers and existing homeowners who wish to re-mortgage their property might wish to act fast to secure an attractive fixed-rate deal, after reports emerged suggesting that UK interest rates will ‘almost definitely’ be increased before the end of the summer.

Mortgage approvals bounce back to four-month high

New data from UK Finance reveals that UK mortgage approvals bounced back to a four month high in May, having picked up significantly for the second month running.

Slowing house price growth helping first-time buyers get on the property ladder

A new study suggests that slowing property price growth is increasingly helping first-time buyers realise their home-owning dreams.

First-time buyers take a greater share of the mortgage market, study suggests

First-time buyers and other small deposit borrowers accounted for almost a quarter (22.4 per cent) of the UK’s total mortgage lending in May 2018, up from 20.2 per cent the previous month, a new report reveals.

Mortgage approvals “remain steady”

The latest official data from the Bank of England (BoE) reveals that mortgage approvals held steady in April, as homebuyers rushed to secure attractive deals ahead of an anticipated interest rate increase.