UK mortgage approvals have risen to new highs according to data released from the Bank of England on Tuesday,1st September. The number of mortgage purchase approvals “continued increasing sharply in August”, rising to the highest figure seen since October 2007, according to the latest figures from Bank of England. UK mortgage approvals for purchases rose…
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The latest Nationwide House Price Index figures revealed,the UK house prices have seen an annual increase of 5%, the highest growth since September 2016.The average house price is now standing at £226,129.The figures also revealed that month-on-month prices have increased by 0.9%. Commenting on reasons for the increase, Robert Gardner, chief economist at Nationwide, said:…
The Coronavirus pandemic has had an unprecedented impact on the British economy. Many mortgage prisoners are finding themselves facing huge financial challenges in these difficult times. The Covid 19 crisis has also essentially created more mortgage prisoners. Clients whose borrowing is at a high LTV, particularly 90%+, have been unable to remortgage due to products…
Barclays says it may have to limit applications again on some days in order to manage service. Barclays plc has warned brokers that is a British multinational investment bank and financial services company. The lender says it is facing challenges as a result of the volume of changes by other lenders. The director of Barclays…