Mortgage Market Briefing – December 2018
The UK remortgage market continues to soar, with the latest data showing the number of remortgage deals at their highest level for a decade.
Low mortgage rates support activity in November
Growth in number of approvals to small deposit borrowers. Four regions are dominated by these buyers. Overall market up compared to last month.
Growth of equity release and challenges for mortgage lenders and surveyors
In our latest technical paper we explore the equity release mortgage market – the fastest growing specialist sector of the mortgage industry.
First-time buyers take advantage in October
Growth in number of approvals to small deposit borrowers. Four regions are dominated by these buyers. Overall market up compared to last month.
Spike in first-time buyer mortgage approvals
Summer ends with good news for small deposit borrowers. Larger deposit borrowers see market share squeezed. Northern regions are best area for young buyers.
No August lull for mortgage market
Summer heatwave has minimal effect on UK mortgage approvals. Loan approvals up compared to July but down year-on-year. Effect of base rate rise to be felt in coming months.
The evolving New Build Market: how this will affect lenders and valuers
In our latest Technical Paper we look at the evolving New Build market. We review Government-led initiatives targeted at procuring new homes, with a focus on Modern Methods of Construction, Office to Residential and social housing.
Mortgage approvals enjoy summer boost
Number of mortgages approved up compared to June. London market continues to be dominated by those with large deposits. Other regions offer fertile ground for first-time buyers.
New HMO legislation – implications
In case you missed it, here is an opportunity to catch up with our latest technical paper which looks at the new HMO (Houses in Multiple Occupation) legislation.