Tag Archives: consumer

UK mortgage industry not keen on seven day switching, survey shows

Plans to shorten the procedure for switching mortgages in the UK to just seven days have little chance of being implemented effectively without delays or compromising regulatory checks, according to lenders and brokers. The Department for Business, Innovation and Skills (BIS) announced in May that it was looking to shorten the time it takes consumers […] The post UK mortgage industry not keen on seven day switching, survey shows appeared first on PropertyWire . Continue reading

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New mortgages in UK increased month on month but still below a year ago

The number of new mortgages approved by British banks rose last month from a 19 month low in August but lending is still down 15% year on year, the latest data shows. The figures from the British Bankers’ Association (BBA) indicate that members approved 38,252 mortgages for house purchase in September, up from 37,241 in […] The post New mortgages in UK increased month on month but still below a year ago appeared first on PropertyWire . Continue reading

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Brexit fails to dampen demand for house building in UK

Consumer demand for building work in the UK remained resilient in the three months following the vote to leave the European Union, new figures show. But developers must not be complacent as while the construction industry is like a weather vane for the property market as there are still challenges, according to a new report […] The post Brexit fails to dampen demand for house building in UK appeared first on PropertyWire . Continue reading

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