The recent fund of £200bn to help banks lend announced by the Bank of England needs to be targeted well to succeed. One area that could do with greater finance is the buy-to-let market. Investors have been flocking to buy empty and run down properties to rent out due to the housing demand. However, buy-to-let.. read more →

House sales are almost 40% lower than five years ago at the peak of the boom, says the latest housing market survey from the Royal Institution of Chartered Surveyors (RICS) During May, the average number of completed sales per surveyor was 15.6. This represents almost a 40% drop from May 2007’s figure of 25.4 and.. read more →

Fees for fixed and tracker mortgage products have increased by over 20% since September 2009, according to MoneySupermarket.com. The comparison site says products with the lowest headline rates are not necessarily the best value over the term of the deal as once fees are factored in, a product with a slightly higher rate but lower.. read more →

Lending to the buy-to-let property market took a hit in the first three months of this year, with the first fall in mortgage loans to the sector for five quarters blamed on the faltering UK economy. The total number of buy-to-let mortgages now stands at just over 1.4m, worth some £160bn. New buy-to-let lending in.. read more →

13 Jun 2012
June 13, 2012

Rents to keep rising says RICS

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Rents in buy-to-let investments rose further in the three months to April, with 13% more chartered surveyors reporting rises rather than falls in the three months to April. The latest survey from the Royal Institution of Chartered Surveyors shows the growth was largely driven by increasing demand for privately rented properties. For prospective buy-to-let landlords,.. read more →

Research from the National Landlords Association has shown that almost three-quarters – 74%, of landlords agree that the buy-to-let market needs greater innovation. While an overwhelming proportion, 89%, also believe it would benefit from more lenders or greater competition. However, although many landlords were dissatisfied with the current range of buy-to-let products on the market,.. read more →

The latest Nationwide survey shows house prices rose by 0.3% in May, but are still 0.7% lower than a year ago. The price of a typical home is now £166,022. There is evidence that the strong performance of the buy-to let market has supported house prices from further erosion. Investors looking to find returns that.. read more →

New figures from the debt charity, the Consumer Credit Counselling service (CCCS) say that the number of homeowners who have mortgage arrears in their 20’s has practically halved. Further, the numbers seeking help from this group has also fallen from 4,489 in 2009 to 3,008 in 2011. There has also been a dramatic improvement in.. read more →

01 Jun 2012
June 1, 2012

The New Mortgage Rules

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By next year the new mortgage rules as devised by the Financial Services Authority (FSA) will be fully in force. These are designed to stop the reckless lending of the past and enforce a much closer scrutiny on what borrowers can afford to pay. Loans worth more than the current value of the property will.. read more →

23 Dec 2011
December 23, 2011

A Thank you from us to you

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Following a very difficult 2010, we’ve had a much more successful 2011. In times when obtaining a mortgage can be extremely difficult, the Consultants at Express Mortgages are passionate about making the case for our clients. This is often evident in the office when I hear a Consultant or Case Manager debating heatedly with an.. read more →