Housing market
The UK housing market failed to produce its seasonal May rally this year, with subdued supply and demand leading to flat asking prices everywhere but London.
Gross mortgage lending fell by over £2bn from the previous month in April, according to the Council of Mortgage Lenders (CML), giving the UK its lowest level of lending since April 2011.
A waver of first-time buyers rushing to beat the end of the Stamp Duty holiday pushed up the number of housing transactions in March by 15% in Scotland, hiking the average property price by £792 to stand at £146,633.
Other Housing market articles
The UK housing market bounced back in Spring, with more properties sold in March than either January or February.
Britons are becoming increasingly confident in the outlook for the housing market, according to the latest Halifax housing market confidence tracker.
March property prices rose 2.2% after first-time buyers rushed to buy ahead of the Stamp Duty holiday, but Halifax predicts prices though volatile will stay more or less flat this year.
The Get Britain Building measures in the Budget will make a difference says David Finlay, intermediary managing director for Barclays
The Chancellor confirmed an extra £150m for the Get Britain Building scheme topping up funding intended to kick-start stalled developments to £570m.
Chancellor George Osborne’s Budget has landed. Mortgage Solutions has all the reaction from a team of experts in a live and interactive broadcast from 3pm today
The Legal & General network’s School of Excellence programme has returned for 2012 designed to train new mortgage and protection advisers to the industry.
As soon as the dust has settled from Chancellor George Osborne’s Budget statement next week, we will have a team of experts ready to provide analysis on all the key points affecting advisers.
Property transaction levels edged up in February and surveyors report a marked increase in optimism from UK buyers and sellers that prices will continue to rise.
Real house prices have fallen by a third in the UK since the peak of the housing boom in 2007, research has shown.
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