Tag: Peter Williams
He said in every Budget new housebuilding pledges are made but supply remains too low – while the first-time buyer stamp duty change will ramp up demand.
The scheme has supported 27% of housing completions and 5% of all housing transactions between April 2013 and March 2017.
Three quarters (76%) of brokers reported more demand for 5-year fixes in the first six months of the year, while seven in 10 (69%) lenders said the same.
Three quarters of brokers (77%) and lenders (74%) said the growth of 35 year mortgages is an “inevitable consequence” of low wage growth and rising house prices.
This represents a rise from 75% in the second quarter of 2016.
The headline price balance eased from 17% to 7% in June.
This number has risen since the once every 13 years reported in 2006.
This represents an increase of just under half (48%) from the corresponding period in 2016.
The Intermediary Mortgage Lenders Association found that 61% of lenders and 57% of brokers think government support for development finance would improve the lack of housing supply.
That was the view of Peter Williams, executive director of the Intermediary Mortgage Lenders Association, who gave a speech at the My Home Move 2017 annual conference today.