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Average 90% LTV rates fall

The average rate of a 90 per cent loan-to-value (LTV) mortgage on a UK property has fallen steadily in recent years, according to the latest report. Research by Moneyfacts shows that the rate now stands at just 5.44 per cent, while the number of 90 per cent deals increased during the same time period, totalling 299 today, after standing at just 76 in May 2009. In May 2008, ...

16th May 2012

High number of LTVs 'means a good time to buy'

The high number of loan-to-value (LTV) mortgages being offered in the UK means that now is a good time to buy property, one expert has suggested. Paul Holmes, chief executive officer at the mortgage advice organisation Firstrung, said there is evidence that lenders will begin to offer more help for first-time buyers in the near future, such as increased numbers of LTV ...

15th May 2012

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Mortgage lending and approvals on the rise

Gross mortgage lending by building societies and other mutual lenders is on the rise in the UK, according to the latest report from the Building Societies Association (BSA). According to the report, lending rose by 58 per cent in March 2012 compared to the same month last year, and by 40 per cent over the first quarter of 2012, in comparison to the same period in 2011. ...

4th May 2012

Landlord buying activity surges

There has been a surge in activity among new landlords and existing buy to let property owners in the UK, according to the latest statistics. New independent research commissioned by specialist buy-to-let lender Paragon Mortgages has revealed that, overall, property acquisition activity in the UK remained strong in the first quarter of 2012. Over the last three months, ...

1st May 2012

A good credit rating 'vital' for FTBs

It is essential that people hoping to take their first step onto the property ladder have a good credit score, according to one expert who has advised prospective homeowners to do 'all they can' to boost their rating. Catherine Hearnden, director at MyMortgageDirect, said that first-time buyers (FTBs) need to have a "squeaky clean" credit rating. ...

30th Apr 2012

FTBs 'expect to be 37' when buying first home

The average age at which people expect to be taking their first step onto the property ladder is 37, according to the latest survey. A poll of UK adults who do not currently own a property carried out by MoneySupermarket.com revealed that people expect to be an average 37 when they finally become first-time buyers (FTBs). Some 41 per cent of respondents, equivalent to eight ...

24th Apr 2012

FTB numbers 'on the rise'

The number of first-time buyers (FTBs) entering the UK property market is on the rise, according to the latest report from the Council of Mortgage Lenders (CML). Data published by the organisation shows that lending to first-time buyers and home movers increased in February, with first-time buyers taking the bigger increase. Some 14,100 loans worth £1.7 billion were ...

18th Apr 2012

Sunshine boosts the UK housing market

The UK housing market benefitted from the unseasonal sunshine witnessed at the end of March, according to the latest report. Data published by the Royal Institution of Chartered Surveyors shows that new buyer inquiries rose substantially last month, with nine per cent more estate agents reporting increases in demand, rather than decreases. Overall, a tenth of surveyors ...

10th Apr 2012

Young people 'saving aggressively' for deposits

Young people are currently doubling their efforts to save up for a deposit for a new home, according to one expert who has observed a trend in the market. Stuart Law, chief executive at property investment adviser Assetz, commented: "We are seeing early stage evidence that young people in their 20s are looking at purchasing property more aggressively than they were a ...

10th Apr 2012

Lenders 'must innovate' in FTB mortgage market

The UK's lenders need to be more innovative in their approach in order to boost the mortgage market for first-time buyers (FTBs), it has been claimed. Andy Pratt, chief operating officer at Alexander Hall, said that there are currently some "fantastic" rates available for buyers who have low loan to values and some very good flexible products, so this is the ...

9th Apr 2012

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