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Breaking News Archives - Introducer Today
Jan 8, 2025 · Here is today’s latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.
Housing market turmoil in early 2025 – Nationwide’s warning
“This will make it more difficult to discern the underlying strength of the market. “But, providing the economy continues to recover steadily, as we expect, the underlying pace of housing market activity is likely to continue to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price …
Mixed messages - transaction tumble over a month, but are up …
6 days ago · Government figures released over the weekend show that the provisional seasonally adjusted number of UK residential transactions in November was 92,640. This was 13% higher than in November 2023 but 8% lower than October 2024. The provisional non-seasonally adjusted number of residential ...
Mortgage sector cheered by latest upbeat housing market data
Jan 8, 2025 · The mortgage sector has reacted positively to the latest house price data. The Halifax says UK house prices finished 2024 up 3.3% over the past year, with the average house price now at £297,166. Prices actually fell back slightly in the single month of December, by 0.2%, following five consecutive ...
Let’s Go! Upbeat forecast for 2025 mortgage market from IMLA
Other key predictions include an increase in gross mortgage lending from £237.5 billion in 2024 to £275 billion in 2025 (a rise of 16%), growing further to £295bn in 2026 (up 11%), with house purchase lending of £177bn and £190bn respectively, and remortgaging of £88bn then £94bn.
House prices still falling but market ‘on the turn’ - surprise index ...
4 days ago · Richard Sexton, director at e.surv, comments: “Our data shows house prices in England and Wales closed the year at £357,400, representing a modest month-on-month increase of 0.2%. While values remain approximately 2% lower than a year ago and 6% below their late-2022 peak, the broader picture is one of a market exceeding expectations in terms of activity, mortgage lending, and transaction ...
Latest mortgage trends revealed by broker’s release of internal data
First-time buyer trends. A 20% increase in first-time buyers seeking our help this year;; Over half (50.8%) of these buyers were aged between 25 and 34;; Surprisingly 1 in 20 (5%) of first-time buyers were aged between 51 and 64;; The average deposit for first-time buyers decreased by 6.1% to £54,894, while loan amounts rose by 5.8% to £221,309; However, the average mortgage term increased ...
Alarm bells ring as first time buyers risk missing deadline
The looming stamp duty deadline in England is a potential dampener for some buyers and sellers in 2025, warns Rightmove. The portal’s real-time data is capturing the impact on different groups of movers. The latest snapshot identifies signs that sellers of smaller properties in …
Mortgage Charter helps 1.7m borrowers as FCA data shows robust …
The value of new mortgage commitments (lending agreed to be advanced in the coming months) decreased by 1.3% from the previous quarter to £66.0 billion, but remained 34.2% higher than a year earlier.