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ARCHIVE Many lack understanding on how to apply for a mortgage

Latest research by What Mortgage Magazine and Equifax has found that many buyers don’t understand the process of applying for a mortgage. Two years ago, new mortgage affordability rules were introduced and this research finds that many are unaware of how these rules might affect their application. This was reported in What Mortgage Magazine on 9th March 2016*. (more…)

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Archive: Buy to Let surge is pushing up property prices

For Buy to Let investors and those buying a second home, stamp duty is due to increase by 3% in April. As a result, according to latest RICS research, house prices have been increasing with a surge of investors wanting to complete before April. In fact, the figures from RICS show that half of surveyors told of price rises in January. This was reported on the Mortgage Introducer website in February*. (more…)

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Archive: First Time Buyers spend over £50,000 on rent before buying

According to latest research from the Association of Residential Letting Agents, people in the UK will have previously spent, on average, £52,900 in rent before they purchase their first home. This research on First Time Buyers was reported in the Guardian in February*. The research, is based on someone renting for 13 years, and shows that the situation is worse for First Time Buyers in London where the figure paid to landlords is £68,300. (more…)

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Archive: Confidence in UK house prices remains strong

Latest figures from the Halifax has found that house price confidence remains strong despite people having some concerns about other areas of the economy. This was reported on the Your Mortgage website in February*. According to the Halifax’s latest confidence tracker, the majority of people believe that property prices in the UK will be higher, rather than lower in a year’s time. (more…)

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Archive: Southampton named one of the happiest cities to work in the UK

According to a survey by business psychologists OPP, Southampton has been named the ninth happiest city to work in the UK. This was reported in the Guardian in February*. The survey questioned more than 2,500 workers about their levels of job satisfaction. It also found that the highest levels of satisfaction were found among those working in architecture, engineering, building, sales, media and marketing**. The happiest place to work in the UK was found to be Norwich. (more…)

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Archive: More homes available for First Time Buyers

According to the latest figures from RightMove, the year has started positively for First Time Buyers. Not only are there more First Time Buyer appropriate homes available. Prices for properties suited to First Time Buyers are also pretty much static year on year. This was reported on the What Mortgage Website in January*. (more…)

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Archive: Buy to Let Landlords increasingly using limited companies

Latest research has found that Buy to Let landlords are increasingly using limited companies in order to purchase a property. This was reported in What Mortgage Magazine in January*. According to the latest figures, purchases by Buy to Let investors through a limited company in December accounted for 38% of total Buy to Let business. This is an increase of 15% on October’s figures. (more…)

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