Mortgage advice bureau (mab)
Housing supply pressures are causing house prices to continue to rise.
The average deposit for house purchase using the Help to Buy mortgage guarantee reached a 10-month high in February according to the Mortgage Advice Bureau (MAB).
Private house building slowed by 1.6% in February while output in the overall construction industry declined by 0.9%, government statistics revealed.
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Custom build properties could be the solution to the country's housing woes by providing cheaper-to-construct homes at less risk to mortgage lenders, a report from Mortgage Advice Bureau has shown.
Mortgage Advice Bureau (MAB) increased the number of its individual advisers by 22% last year from 521 in 2013 to 634 as at 31 December 2014, its full-year results have shown.
The number of UK residential transactions was down by almost 8% in February, according to official figures.
More mortgage products were on offer to consumers in February than at any time since the financial crisis, research has shown.
The past few months have seen increased competition in the mortgage market with a number of new lenders launching or announcing their intention to do so.
The Help to Buy equity loan scheme has helped prevent a drop in house building, analysis from a broker firm has stated.
Loan-to-value (LTV) mortgages of 95% must be available under the government’s new Starter Homes initiative for it to be able to compete with Help to Buy, the Mortgage Advice Bureau (MAB) said.
The remortgage market experienced a long-awaited boost in January with applications up 24% in the month and 17% year-on-year, according to the Mortgage Advice Bureau.
Andrew Montlake and Brian Murphy have defended their position after being accused of encouraging consumers to get into debt at the risk of losing their homes.
Peter Brodnicki CEO of Mortgage Advice Bureau opened its annual conference last week with this speech outlining the changing dynamics of the advice market.
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