First time buyers buck lending trends
The Council of Mortgage Lenders latest figures have revealed that despite a general market contraction in mortgaging, lending to new buyers increased throughout June. Lending to first time buyers increased to the highest level since July 2010, apart from in March 2012. Gross lending was down 6% from May’s total of £12.5 billion to £11.7 […]
House prices dropping, says RICS
The July 2012 RICS UK Housing Market Survey showed that 24% more solicitors believed prices were falling rather than rising. Falling prices were one of four key market trends the report identified. As well as a reduction in prices, transactions slipped for the fourth consecutive month. London bucked national trends as the only region where […]