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House Price Growth Expected to Take off in Coming Years

House Price Growth Expected to Take off in Coming Years

Predictions forecasting growth within most sectors of the UK housing market have been scarce so far this year, especially in regard to growth of house prices. Uncertainty created around the post-Brexit era has led to up and down months within the market this year and many experts are hesitant about predicting what will take place through the end of the year. One new prediction is starting to gain traction. House price growth is now forecasted to see significant improvement in the coming months compared to mediocre growth seen the last few months.

UK Housing Market Mortgage Lending Slows Month on Month

UK Housing Market Mortgage Lending Slows Month on Month

The UK housing market continues its run of undersupply in the number of properties available for sale and that is illustrated by the amount of mortgage lending in April. The total for the month was more than 10% off the total from the month prior and settled at just short of £18.5bn. This is more than the same month last year which totaled £17.7bn. Although mortgage lending fell in month on month comparison, first time buyers and remortgagors kept going strong.

Remortgage Approvals Cool Off Entering Summer Selling Season

Remortgage Approvals Cool Off Entering Summer Selling Season

Remortgage approvals took a slight dip in the month of April, indicating the slowdown in the UK housing market is happening just ahead of the general election. According to data from the British Banker’s Association, remortgaging fell 10% compared with the same month of 2016. The total for the month of April was 23,074. The average each month for the last six months is 26,569.

UK Housing Market Mortgage Demand Stalls in April

UK Housing Market Mortgage Demand Stalls in April

The UK housing market has seen unpredicted days so far this year and April data regarding mortgage lending demand is yet another example. The month saw a significant drop in the amount of mortgage lending demand compared with March. According to data from the Council of Mortgage Lenders, mortgage lending dropped off more than 10% month on month. Mortgage loans totaled £18.4bn for the month.

Remortgage Valuable Tool in Range of Mortgage Lending Solutions

Remortgage Valuable Tool in Range of Mortgage Lending Solutions

Remortgage activity in the capital city has now surpassed many forecasts for the first quarter of the year. Interest rates remain at the lowest point in some time which is giving lenders the ability to offer deals to help save money on the cost of the monthly mortgage payment. According to the latest figures from the Council of Mortgage Lenders, home owners borrowed more than £4 bn in the first quarter which is a 13% increase over the fourth quarter of last year. It is also a 7% increase over the same quarter of 2016.

Remortgage for UK Home Owners Hits Eight Year High

Remortgage for UK Home Owners Hits Eight Year High

Forecasts of UK housing market home mortgage lending span a wide range for the first part of the year, and this is proving to be a safe bet. Mortgage lending within the capital city of London is down for the first quarter of the year, but remortgage is flying high. Low supply and few affordable homes are available which is adding to the mix of the wide range of data dripping out of the housing market

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