4+ day, 2+ hour ago   (608+ words) New research reveals the 10 property markets with the biggest first-time buyer discounts compared to existing homeowners. New research has revealed the property markets where first-time buyers are purchasing at the biggest discount compared to existing homeowners, with the gap stretching…...

5+ day, 36+ min ago   (478+ words) The share of gross mortgage advances with LTV ratios exceeding 90% is at its highest level since 2008. The latest MLAR data from the Bank of England shows that the mortgage market remained resilient in Q2, with new mortgage commitments rising and the…...

5+ day, 37+ min ago   (876+ words) In the latest of his 'Mythbusting' series with Financial Reporter, Harpal Singh, CEO at conveybuddy, explores just how much the purchase market has changed and how important it has become to maximise the value of every client relationship. We might…...

5+ day, 1+ hour ago   (344+ words) For the intermediary market, the most consequential shift is in how the next generation will enter the market. New research points to a structural shift in the UK’s landlord population that will reshape the buy-to-let finance market over the coming…...

6+ day, 13+ min ago   (575+ words) Picture the scene. You are a broker with a landlord client who wants to purchase a portfolio of three properties, each valued at £500,000 and all held within a single SPV. The client asks about the expected stamp duty costs. To…...

6+ day, 1+ hour ago   (455+ words) Financial Reporter Lenders set to increase mortgage rates as swap rates rise A 0.25% rise on a typical two-year fixed rate mortgage would add around £38 to monthly mortgage repayments. Major lenders have moved to increase mortgage rates to catch up with…...

1+ week, 4+ day ago   (233+ words) The Society has launched a new mortgage to help first-time buyers onto the property ladder in Scotland. Ecology Building Society has launched a new mortgage product to help first-time buyers in Scotland step onto the property ladder. The new Ecology…...

1+ week, 4+ day ago   (249+ words) There is no minimum visa duration requirement on the new range. Hanley Economic Building Society has launched a range of shared ownership mortgage products for foreign nationals living and working in the UK, with no minimum UK residency period. The…...

1+ week, 5+ day ago   (467+ words) House prices rose 0.2% month-on-month. Annual house price growth remained stable in August at 1.6%, compared with 1.4% in July, the latest Nationwide house price index shows. Prices were up 0.2% month-on-month, with the average property price now £275,465. Robert Gardner, Nationwide's chief economist, said:…...

1+ week, 5+ day ago   (364+ words) Following the increase, single first-time buyers could see the deposit hurdle cut from £69,000 to £12,000. Coventry Building Society has increased borrowing limits for first-time buyers – potentially cutting the required deposit from £69,173 to £12,273. The lender has introduced borrowing of up to 6.5x income…...