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 Fix rate mortgage costs are rising

houseline111The cost of the average fixed rate mortgage has risen in the last month, with borrowers looking for longer term mortgages being hardest hit according to Moneyfacts.co.uk.
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 Mortgage lending fell by 9% during April

houseline131Gross mortgage lending declined to an estimated £10.4 billion in April, down 9% from £11.4 billion in March and 60% from £26.1 billion in April 2008, according to new data from the Council of Mortgage Lenders.
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 Agents say property sales reach 18-month high

naealogoEstate agents sold more houses in April than in any month since October, 2007, new figures from the National Association of Estate Agents reveal.
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 Lack of new sellers pushes up average prices

houseline171A lack of sellers combined with new sellers to the housing market has helped push up asking prices by 15% during May, the largest increase in monthly asking prices since 2003 according to Rightmove’s latest data.
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 Buy-to-let activity weakens during first quarter

lettings1New buy-to-let lending fell for the sixth consecutive quarter in the first three months of 2009, reflecting the continuation of extremely challenging funding conditions as well as general housing market weakness, according to the Council of Mortgage Lenders.
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 Repossessions rise, but the worst may not happen

cml_logoThere were 12,800 repossessions by first-charge mortgage lenders in the first quarter of this year, according to the Council of Mortgage Lenders.
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 Enhanced hot water safety and efficiency measures for all new homes

chimneyAll new homes will feature inbuilt protection from hot water scalding in baths and will use water more efficiently under measures announced by Housing Minister Iain Wright.
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