Loans to UK First Time Buyers Hit Highest Level Since 2007

Figures just released by the Council of Mortgage Lenders in the UK show 25,300 loans were advanced first-time buyers in June. This is a 30% increase on June last year, and the strength of lending for the last quarter was at its highest since 2007.

First-Time Buyers Account for More than Half of Purchases in Northern Ireland

New figures from the Council of Mortgage Lenders show first-time buyers in Northern Ireland accounted for 58% of purchase loans during the second quarter of this year. This is much higher than the UK average, and is up 1% on the first quarter.

UK Real Estate Market Boosted by First-Time Buyer Activity

The real estate market in the UK was boosted by first-time buyer activity in June, according to data published by the Council of Mortgage Lenders. Their figures show lending for this month was the highest since July 2010, with the exception being March this year as this month marked the end of the stamp duty concession.

UK Mortgage Lending Falls, and Summer Is Likely to Be Slow

In April mortgage lending in the United Kingdom dropped by nearly 20%, according to data recently released by the Council of Mortgage Lenders. Figures for April show mortgage lending was an estimated £10.2 billion, compared to £12.6 billion in March.

North-South Divide Is Alive and Kicking in the UK

More homeowners in the north of the UK have loans which are underwater, or in negative equity, than in the South. The percentage of UK mortgage holders with negative equity currently stands at 5.6%, with far more people in the north of England being affected than those living in the South

UK Sees First-Time Buyers Rise by 23% in January

The Council of Mortgage Lenders in the UK has just released its data for January 2012 which shows house purchases and remortgaging fell in January compared to December 2011.

UK Housing Minister Announces £20 Million Fund to Help Prevent Repossessions

The UK Housing Minister, Grant Shapps, has announced there will be a new £20 million Preventing Repossessions fund to help homeowners in danger of being repossessed, something which will enable local councils to offer interest-free loans to homeowners.

UK Plans State Funded Mortgage Scheme

The UK government has joined forces with more than 100 home-builders to help first-time buyers get a foot on the housing ladder. The government-backed scheme costing £500 million will help reduce the size of required deposits to 5% of the property’s value, with the government and home-builders each providing interest-free loans equivalent to 10% of

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