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Best Place to Live in UK

January 10, 2014  |   Blog   |     |   0 Comment

Solihull comes top! Higher incomes, better employment rates and longer life expectancies. Solihull is one of the most prosperous towns in the Midlands. Almost 70% of the borough is designated as green belt & enjoys excellent communication links with M40, M42, M6 all close by.

Help to Buy

January 10, 2014  |   Blog   |     |   0 Comment

Recent figures show that the typical property cost is £160,000, with more than 80% of applicants being first time buyers.

Mortgage approvals hit 5-year high

October 23, 2013  |   Blog   |     |   0 Comment

U.K. mortgage approvals rose to 60,624 in July - the highest number in over five years - it was revealed today in Bank of England figures. Richard Sexton, director of e.surv chartered surveyors, commented: “The housing market is being lifted by a rising tide of mortgage lending. House purchase lending is 30% higher than last July, which reflects the drastic improvement in the availability of high LTV mortgages over the past year. The mortgage market is ...

House purchase approvals at highest level since December 2009

October 23, 2013  |   Blog   |     |   0 Comment

New data from the British Bankers' Association shows that September was a strong month for the mortgage market, with borrowing and house purchase approvals up. Gross mortgage borrowing of £9.7bn in September was higher than in August and above the average of £8.7bn over the previous six months. Higher capital repayment (including homeowners moving between lenders) continues to generate the contractions in borrowing stocks seen over the past year and explains the subdued picture of net ...

New build prices up 12% in just five years

April 29, 2013  |   Blog   |     |   0 Comment

The average house price of new build property in the UK has increased by 12 per cent over the past five years with the average price now at £233,822. A 9 per cent higher than the UK average house price for all properties, according to analysis from Halifax. Nationally, there has been an increase of 40 per cent, from £166,473 over the past 10 years. Regionally, the biggest rise in the past ten years has been in ...

Remortgages now represent a quarter of the market with lending up 13% in March

April 24, 2013  |   Blog   |     |   0 Comment

LMS figures reveal that monthly gross remortgage lending increased by £330m in March to £2.9bn. This is up 12.9% on February’s £2.6bn reported by the Council for Mortgage Lenders last week. The CML has also reported that total gross mortgage lending rose 10% in March to £11.6bn, from £10.5bn in February. As a result, remortgages now represent a quarter of the market. LMS estimates that the total number of remortgage loans in March increased by 16.2% to ...

Chancellor set to extend Funding for lender scheme

April 24, 2013  |   Blog   |     |   0 Comment

Chancellor George Osborne is expected to announce an extension to the Funding for Lending scheme in the coming weeks, according to reports. Osborne, who will be feeling pressured after Fitch downgraded the UK’s credit rating last week, is likely to face calls from the IMF to ease his austerity programme. The chancellor first announced a possible extension to the scheme in last month’s Budget but gave no further details. Deputy prime minister Nick Clegg too has reportedly ...

Lloyds branch sale to Co-op collapses

April 24, 2013  |   Blog   |     |   0 Comment

The Co-operative Group has backed out of a deal to buy around 630 UK branches of Lloyds Banking Group, blaming the poor growth outlook and increasing regulatory requirements. The branch sale, known as Project Verde, is a requirement imposed on Lloyds by the European Commission as part of the bank receiving state aid in 2008. Lloyds says it will now look to dispose of the branches through an initial public offering, subject to regulatory and European Commission ...

House price rise £6,700 as London brings the average up 5k

April 12, 2013  |   Blog   |     |   0 Comment

House prices in England and Wales have risen £6,700 in the last year according to the LSL/Acadametrics house price index released today. This leaves the average house price at £230,078 - but, without London, house prices would be just £1,117 higher. This follows a steady increase in house prices, with prices only haven fallen once in the 16 months. “House prices in England and Wales rose £532 between February and March and have only fallen once in ...

UK Rents Continue to Rise

April 12, 2013  |   Blog   |     |   0 Comment

London continues to lead the average rental figures with the centre of the capital attracting rents of £2,387 per month, while those in Outer London averaged £1,107. The firm reported that the average monthly rent in Inner London is now over four times the average in Scotland. Properties in Scotland also take longer to rent out than any other region. The average property remains on the market for an average of 19.3 days compared to just 13.4 ...

Testimonials

  • Our new Remortgage.. Thank you for all you help Kevin this really has been a smooth service for both Steve and myself. Stephen & Sue Clifford

  • Great thanks for all your help over the past few months it has been vital to me getting this house so thank you Kevin. B Hine  ...

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