Welcome to our mortgage newsfeed which contains recent industry articles about all things mortgages which we hope you will find of interest.
Rightmove data records highest number of house-hunter visits in a decade
The latest snapshot of buyer and seller activity on Rightmove suggests this year is seeing a positive spring home selling season, with the highest number of property sales occurring in one day within the past decade on Tuesday 23 March.
TONY HALL: Furlough’s impact on mortgage lending
Nobody can deny that the government has invested vast amounts of money in securing jobs and assisting businesses to ‘ride the wave’ of a global pandemic.
Number of prospective buyers up 40% in January
In the first month of the year, the average number of prospective buyers registered per estate agent branch stood at 487, up from 348 in December.
Stamp duty holiday rumoured to be extended until June
The rumoured extension would bring the end of the tax break in line with the easing of lockdown restrictions in the UK.
Brokers say COVID-19 has reshaped borrower demand
A survey of 265 intermediaries found that customers’ priorities when looking for both lenders and types of property changed significantly over the course of 2020.
ALEX TURNBULL: SDLT holiday offered welcome stimulus
The stamp duty holiday offered a welcome stimulus to the sales market during 2020, however, nationwide there is concern that a sharp cut off on 31 March could see a huge amount of transactions fall through.
MPs lean towards tapering of SDLT
No final outcome was reached during the 70-minute debate, but the expectation is that a decision will be announced in the Spring Budget on 3 March.
John Phillips: Last year was the perfect storm for the housing market
John Phillips explains that despite the economic difficulties in 2020, there was an avalanche of buyers looking to purchase due to the lockdown.
House prices more than double since 2007
House prices have risen by 54% since the market crash in 2007, according to StripeHomes.
BoE: Mortgage approvals up year-on-year
The total number of approvals for house purchases in 2020 was 818,500, while the figure was noted at 789,100 in 2019.
Two-thirds of renters aspire to own homes
Two-thirds (66%) of Britain’s renting population aspire to own their own home, according to research conducted by Vida Homeloans.
DALE JANNELS: All hands to the pump in the mortgage market
All links in the housing and mortgage chain are feeling the pressure as we race towards the stamp duty deadline.