Browsing Archive: June, 2012

First-time buyer transactions bounce back

Posted by Jonathan Braddick on Friday, June 29, 2012, In : flats for sale exmouth

According to the latest LSL Property Services plc First Time Buyer Monitor the average price of a first-time buyer property has also risen by 4.3% to £127,493 and the average LTV fell from 81.1% to 79.7%.

Wealthier buyers pushed up first-time buyer prices in May and the affordability of both deposits and mortgage repayments improved on a monthly basis. Buyers had to pay less for properties in May than their counterparts in February and March who were pushed to complete before the stamp duty d...

Mortgage Activity Bounces Back in May

Posted by Jonathan Braddick on Sunday, June 24, 2012, In : flats for sale exmouth

Mortgage activity climbed to its highest level this year in May, up 25 percent on January, according to the most recent National Mortgage Index from the UK’s leading independent mortgage broker, Mortgage Advice Bureau (MAB).

Using data from more than 500 brokers and 800 estate agents, the National Mortgage Index found the total number of mortgage applications year-to-date was up 16% on 2011. This increase is being driven in part by a surge in remortgage business, with the amount of remortgag...