Lending
New homes sales up for second month in a row in Australia
New home sales in Australia increased in September 2016 for a consecutive month, up 3.8%, a further increase on the 2.9% recorded the previous month, the latest data shows. The month on month growth was driven by detached house sales which increased by 3.8% while apartment sales were down by 0.8%, according to the survey […] The post New homes sales up for second month in a row in Australia appeared first on PropertyWire . Continue reading →
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 →
Historic low rates encouraging more UK home owners to remortgage
Two thirds of remortgagors in the UK plan to remortgage again in the next four years, spurred on by record low rates, new research has found. Some 46% change their mortgage product to suit circumstances, two year fixed rates are falling in popularity while five year fixes grow as rates fall and borrowers seek stability. […] The post Historic low rates encouraging more UK home owners to remortgage appeared first on PropertyWire . Continue reading →




