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Lending figures show recovery in UK home lending
The latest lending data from the Bank of England suggests that the home mortgage market is recovering with approved loans for properties up 6% in October compared to the previous month. It suggests that the recovery in buyer demand is underway after a slowdown caused by the run up to the referendum on the European […] The post Lending figures show recovery in UK home lending appeared first on PropertyWire . Continue reading →
Rents increases in England and Wales levelled off in October
Residential rent increases in England and Wales levelled off in October, with the average property being let for £900 per calendar month, down slightly from £907 in September. However, despite the slight drop in rents compared to last month, this is the second highest rent ever recorded by the buy to let index from Your […] The post Rents increases in England and Wales levelled off in October appeared first on PropertyWire . Continue reading →
Sales to first time buyers in UK reach highest level since 2000
Sales to first time buyers in the UK have increased strongly to their highest level since in 16 years, according to data from estate agents, suggesting the housing market is buoyant. Some 32% of total sales made in October were to first time buyers, up 9% from the previous month and the highest since the […] The post Sales to first time buyers in UK reach highest level since 2000 appeared first on PropertyWire . Continue reading →