Mortgage market review (mmr)
Our Ask the Experts column is your chance to put industry figures on the spot. In this edition Mark Hutchings, sales and marketing director at Berkeley Alexander, answers your question.
The average size of a remortgage loan in June has risen 5% to £163,161 month-on-month, reaching its highest recorded level, research from LMS has revealed.
The property market has started to cool down with prices rising at their slowest level for 18 months, figures from Hometrack have suggested.
Other Mortgage market review (mmr) articles
Three months on from the implementation of the Mortgage Market Review and there are reports of a slowdown in various product areas of the market.
As the summer heat wave takes over the UK we competition in the specialist mortgage market is warming up too with lenders offering product sales and bringing new options to the table.
Weak UK wage and global growth growth figures means an early rate rise could still destabilise the recovery leaving the economy vulnerable to shocks, according to the latest Monetary Policy Committee minutes.
Nationwide has increased its stressed rate for all affordability calculations to 6.99% and imposed an income multiple cap of 4.75 times gross income for all employed applications from today.
The number of sales to first-time buyers fell in June by five percentage points to 20% of total sales, figures released by the National Association of Estate Agents have revealed.
Santander for Intermediaries has tightened its Help to Buy and general affordability criteria while paring back its interest-only policy three months after the launch of the Mortgage Market Review.
Each Friday, Mortgage Solutions takes a look back at the most opinionated or thoughtful reader comments on the website and letters to the editor.
The Bank of England has highlighted a shortage of properties in the UK housing market and the impact of the Mortgage Market Review as the two reasons for a slowdown in mortgage lending growth.
The Financial Conduct Authority is speaking to individual firms which are being ‘too assiduous' in their assessment of borrowers' affordability.
The Financial Conduct Authority published its first annual report last week reviewing its performance since it came into force on 1 April 2013, taking over from the Financial Services Authority.
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