Lenders Speed up Mortgage Processing
Mortgage lenders are making efforts to speed up their Application to Offer process*. According to a survey that explores the use of technology during…
UK Finance Calls for Housing Reform
UK Finance has made recommendations on how the government can reduce the housing shortfall of 4.3 million. The report proposes that the current nil-rate…
FTBs Unaware of Available Support
Many first-time buyers (FTBs) are not aware of affordable homeownership schemes that could help them get on the property ladder, research* has found. A…
Transactions Expected to Surge in Early 2025
Property experts predict a surge in transactions early in 2025 ahead of Stamp Duty changes in April. In the 2022 mini-budget Stamp Duty thresholds…
‘Freshen-Upper’ Homes Most Popular
Almost half (49%) of prospective buyers are looking for a ‘freshen-upper’ property, according to research*. A ‘freshen-upper’ – a home that only requires small…
Housing Market 2024 – A Summary
2024 was a significant year for the UK property market; Labour’s landslide general election win ended 14 years of Conservative rule in Britain, plus…
UK Mortgage Approvals Rising
Last October, mortgage approvals exceeded expectations and reached the highest level since August 2022*. Liz Truss’ ‘mini budget’ in September 2022 caused mortgage approvals…
Affordability Pressures Ease for Buyers
Research* indicates that homebuying affordability has slightly improved in relation to income. In the summer of 2022, the house price to earnings ratio reached…
