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Category: Residential mortgages

The property market has the potential for a downturn, Michael Dean, principal and co-founder of Avamore Capital has claimed.

She was previously head of PR and media relations at the pensions and lifetime savings association, and before that head of PR at Partnership.

The lender said the change will make it more likely for brokers to be able to access to at least one BDM, should the one in the field be in a meeting for example.

Independent mortgage broker John Charcol has partnered with online letting agent Upad. John Charcol will have access to Upad’s landlord community and help them navigate the changing buy-to-let…

Middlesbrough had the most repossession claims in England and Wales in the last six months, holding 44.3 mortgage possession claims per 100,000 households. This was…

First-time buyers are borrowing more and placing larger deposits with the average first-time buyer loan increasing in value by 20% from £135,000 in 2007 to £161,600 in 2016.

It was a similar story for 5-year fixes, as average rates increased by 0.12% to 2.88% in November.

Together ups lending and profit

In the process the lender increased the value of loans and advances by 24% to £2.24bn, from £1.8bn last year.

Haringey in North London saw prices rise by £91,000, followed by Harrow (£77,791), St Albans (£72,995) and Waltham Forest (£63,646).

Andrew Montlake, director of Coreco, reacted on Twitter: “To be fair the budget was a bit of a damp squib… Housing? Stamp Duty? White Rabbit? NADA.”