Mortgages News
Weale objects to early inflation risk on forward guidanceThe Bank of England's Monetary Policy Committee voted unanimously to keep interest rates at 0.50% and QE at £375bn but Martin Weale voted against adopting forward guidance on interest rates citing inflation risks. |
House price inflation outstrips wage increases by three timesEric Pickles has praised the Help-to-Buy scheme, by stating that it has helped around 10,000 perspective homeowners to receive new-build properties. |
Sellers and buyers return to the property market, says RICSConfidence in the property market is returning as house price inflation rises at ots fastest pace for six years and more sellers and potential buyers come to the market. |
ONS reports annual house price growth accelerateshouse prices rose by an average of 3.1 per cent across the UK in the 12 months leading to June 2013, according to the ONS. |
First-time buyer mortgage lending at highest level since 2007The Council of Mortgage Lenders reports that lending to first-time buyers is at its highest level since 2007. |
Bank rate promise means joy for homeowners but gloom for saversThe Bank of England's commitment to keep interest rates low until unemployment falls dramatically means homeowners can expect low interest rates but the gloom for savers continues. |
Second-time buyers have to wait 14 extra years than in 1960'sThe average age of a person buying their second home in the UK has climbed to 42, compared to 31 30 years ago, according to new research by the Post Office. |
Bank of England adopts forward guidance on interest ratesThe Bank of England has announced that it will adopt a policy of forward guidance by linking interest rates to unemployment and that rates will not rise until the jobless rate falls to 7.0%. |
Halifax HPI: Fitch warns house price rise may harm economyHalifax reports that UK house prices have gone up at the fastest annual rate for three years at 4.6 per cent helped by increased consumer confidence. |
Carney to present Bank of England forward guidance proposalThe Governor of the Bank of England, Mark Carney is preparing to present his first Quarterly Inflation Report and also plans to adopt forward guidance on interest rates. |
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