UK Residential Mortgage Lending & Home Sales: The Last Ten Years

There has historically been a close link between Mortgage approvals and Home Sales in the United Kingdom, with both peaking in January 2006 at 146,854 and 153,465 respectively – and both reaching their low points in January 2009 at 21,466 and 32,752. In 2005 and 2006, mortgage approvals totalled 94.1% and 90.2% of home sales, […]

Looking For Flats To Rent In London: A Lack Of Stock

I’ve spent the last few days looking for one-bed flats in West London. I say West London to the confusion and bane of many estate agents, as this is a rather wide area to encompass. I chose this over saying, Parsons Green, Fulham, Hammersmith, Earl’s Court, Brook Green, Pimlico, Kensington, Queensway, Notting Hill, Chelsea and […]

House Prices Fall in February for the First Time in Ten Months

After a snow filled January that bought much of the country and with it the economy to a standstill, house prices fell 1% in February after nine consecutive months of price rises. The British Bankers’ Association reported that the number of mortgages approved for house purchases fell to an eight-month low last month. But, how […]

Prices Fall, But Affordabilty Has Deteriorated!

According to the Times, it is harder now to get on the housing ladder that it was two years ago. In two years the deposit needed to acquire the £135,343 average priced flat nationally has grown by 124 per cent to £33,883, as a result of the higher deposits being demanded by banks more concerned […]

House Prices too high, but which direction are they headed?

  Britain’s leading economists believe house prices are still too high. Despite significant falls in home values and initial signs that the economy is crawling its way out of recession, economists believe homes are still overvalued. Out of 70 leading economists surveyed by The Financial Times, only 13 believed residential property prices were now fairly […]