Real Estate Blog

Archive for the ‘Mortgages’ Category

The mortgage market started the year on the back foot with lending diving by 13 per cent in January, figures showed today. A total of £9.2billion was advanced during the month, down from £10.6billion in December and the lowest level since February last year, according to the Council of Mortgage Lenders.

The fall is likely to have been partly caused by the severe winter weather during December, which prevented potential buyers from going out house hunting.

It also reflects the current subdued state of the market, as a combination of high deposits required by lenders and the uncertain outlook for the housing market and the wider economy suppresses demand.

Mortgage advances were 5 per cent higher in January than they had been in the same month of 2010, the first year-on-year increase since August last year.

But the CML cautioned that lending levels in January last year were distorted by people rushing through purchases in December to beat the end of the stamp duty holiday for lower value properties.
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House4sale is an exciting new blog which started in June 2009, its purpose is to provide objective updates on the UK economy and in particular the UK housing market.

And with over 60% of UK properties owner-occupied or held as a buy-to-let investment, then what happens within the UK housing market is of huge interest and relevance to the majority of people.

Whether you are a home owner seeking to sale, someone buying their first home, or you are a buy-to-let investor, knowing about the UK housing market is an essential. Just think about it for one minute, ask yourself some questions.

Has the market reached the bottom and prices are about to rise?
Are price likely to fall much further?
What is the availability of mortgage finance?

Are there any smarter ways to buy your first home?
How do you achieve a quick house sale?
What happens if your credit rating is not up to scratch?

These are just some of the questions you may want to consider.At the end of the day the absolute fundamental fact is if you arm yourself with knowledge about the housing market you will have a much better chance of making the right financial decision with respect to buying or selling a property.

So, on that note, make house4sale one of the blogs you visit regularly to keep up to date on the UK housing market.