There was a spike in mortgage approvals in December, e.surv’s market monitor found. There were 66,253 residential mortgages approved during the final month of 2019 (seasonally adjusted), a jump of 1.9% from November’s total and an increase of 2.7% when compared to the same month last year. The clear general election result, combined with competitive […]
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Buyers in Spain can convert their mortgage debt into pounds – which broker Offshoreonline.org said effectively wipes out the currency risk. In this situation if the pound got stronger your debt in euros would get smaller, with the opposite being true. Guy Stephenson of Offshoreonline.org, said: “A lot of buyers do not fully understand the importance of […]
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Housing sentiment improved after the general election result in a number of ways, the RICS UK Residential Market Survey found. In December 17% more RICS members saw a rise rather than a fall in buyer enquiries, with those in Wales and the North East in particular reporting strong activity. The number of agreed sales edged […]
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A £33m office development in Shoreditch has been unveiled by developer Southern Grove. The scheme, on the border with Haggerston, comprises of 4,530 square metres of office space. Southern Grove exchanged contracts on the land on Wednesday and plans to use Cross Laminated Timber, as a greener option than concrete. This means the building, spanning […]
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Wales house prices increased by 7.8% to £173,000 in the year to November 2019, outstripping the rest of the UK. Office for National Statistics data shows that prices also rose by 4.0% to £140,000 in Northern Ireland, 3.5% in Scotland to £155,000, and 1.7% in England to £251,000. For the UK as a whole house […]
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Almost 25,000 homes in London are being left unoccupied – the highest number since 2012, government data shows. At the same time, over 56,000 London families relied on temporary accommodation between April and June 2019. Tom Copley AM, Labour’s London Assembly housing spokesperson, will ask Mayor of London Sadiq Khan at Thursday’s Mayor’s Question Time […]
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The mortgage market is set to return to growth over the next two years owing to lower levels of political uncertianty, the ‘New Normal’ report from the Intermediary Mortgage Lenders Association has predicted. The trade association forecasted that gross mortgage lending will grow by 1.4% to £268bn in 2020, rising to £275bn in 2021, with […]
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Residential mortgage rates fell over the course of 2019 in the two, three and five year fixed rate categories, Mortgage Brain data shows. The cost of a 60% LTV five year fixe, for example is now 5.7% lower than it was this time last year, while a 60% LTV two year fixed is now 4.1% […]
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Housebuilder Barratt Developments has constructed 720 new homes in the Southampton region in the last 12 months, The company said it has also brought more than £45m to local communities. This includes spending £26m on physical works to improve highways, local outdoor spaces and community facilities, £11.6m through spending in shops and services, and £6.9% […]
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The Property Franchise Group’s shares have soared on the London Stock Exchange after the company announced that it had set up a “buy and build” financial services division. The company share price peaked at 216.00 GBX yesterday, rising by nearly 9% from 198.40 GBX on Monday, which clearly underlines the value placed in financial services. […]
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