The good news just keeps on coming as far as the housing market is concerned – well, for homeowners at least, not so much first-time buyers and second steppers trying to move up the ladder. The latest data from the Office for National Statistics and the Land Registry reveals overwhelming evidence that consumers are still …
House prices continue to rise – according to the Office for National Statistics, they surged by £20,000 on average over the past year. Property price inflation hit 8.6 per cent in the year to February, the highest annual rate of growth since 2014, while separate data from HMRC showed that property sales also doubled in …
According to the latest figures from Bridging Trends, funding a chain break once again the most popular reason for obtaining bridging finance, contributing to 20% of all loans in Q1 2021, down from 23% during Q4 2020. Purchasing an investment property was the second most popular use for bridging finance in Q1, falling to 19% …
House prices reached a record high of £254,606 in March, a 1.1 per cent month-on-month increase, according to Halifax. The stamp duty holiday, which was extended in the Budget earlier in the month, along with other government support measures, are thought to account for the stellar performance of property prices. The average property now costs …
As businesses across the UK prepare for the long-awaited opportunity to reopen after lockdown, many are now looking to get the funding they need to help them move on from the pandemic. As announced in the Budget last month, Chancellor Rishi Sunak has now opened the Treasury’s Recovery Loan Scheme (RLS) to help businesses stay …
The runaway housing market is showing no signs of slowing, with buyer demand outstripping supply at the fastest rate in a decade. The latest index from property portal Rightmove found that the number of potential buyers enquiring about each available property is 34 per cent higher than a year ago. Just a year after the …
The Covid-19 pandemic has forced us to take a good, hard look at how we live and work. With many people finding themselves working from home for the first time, and discovering that they can do so effectively, there is increased speculation as to whether we will ever return to the office-based culture on quite …
As with any Budget, there is much speculation as to what measures the Chancellor will introduce on 3 March. A mortgage guarantee scheme, designed to help those buyers with just a 5 per cent deposit, looks set to be on the cards with Rishi Sunak planning to provide a guarantee to lenders. It has also …
The approaching end of the stamp duty holiday is having an inevitable impact on the housing market, with property prices starting to soften in January as the market runs out of steam. Lenders Nationwide and Halifax both reported a 0.3 per cent drop in prices month-on-month as buyers started to realise that they would be …
If you’re rushing to get property deals over the line before the stamp duty holiday ends on 31 March, MT Finance could help. According to Rightmove, thousands of new buyers are unlikely to complete before the 31st March deadline and there are now a whopping 613,000 homes sold subject to contract still awaiting legal completion. …
