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News

Aug 2, 2018
The Bank of England has raised the base rate to 0.75%, just the second time it has been hiked in a decade.
May 16, 2018
Homes suitable for first-time buyers could ‘flood the market’ in the coming year as one in five (19%) landlords look to sell, the National Landlords Association has predicted.
Mar 1, 2018
Almost nine in 10 (87%) first-time buyer applications through an intermediary resulted in an offer in 2017 – up from seven in 10 (71%) in 2016, IMLA’s Mortgage Market Tracker has revealed.
Nov 22, 2017
The government is abolishing stamp duty for all first-time buyer purchases up to £300,000.
Aug 30, 2017
Nearly 90 per cent of mortgage applications made through brokers resulted in offers in Q2 2017, the highest ever, according to the Intermediary Mortgage Lenders Association.
Jun 28, 2017
Selling up to pay off an interest-only mortgage can make financial sense but it is worrying if older homeowners are being forced to sell.
Mar 13, 2017
The latest data from Your Move has revealed that house prices grew at their fastest pace for 12 months in February, with average prices increasing 0.6% - double the rate in January
Nov 29, 2016
Mortgage approvals rose from 62,932 in September to 67,518 in October, according to the latest Bank of England Money and Credit figures.
Sep 29, 2016
The Government has confirmed it will end the Help to Buy scheme at the end of the year, according to the Telegraph.
Sep 21, 2016
The UK residential housing market has avoided any real dip in transactions since the country’s vote to leave the European Union in June, new HMRC figures have shown.
Aug 22, 2016
Overall the data would suggest that, whilst there has been a slight cooling in purchase activity, it’s been ‘business as usual’, with an increase in demand for remortgages.
Aug 4, 2016

The Bank of England has cut base rate from 0.50 to 0.25 per cent.

The vote by the Bank’s Monetary Policy Committee was unanimous.

Jun 24, 2016
Bank of England says it expects market volatility after the Brexit vote but that the UK economy can handle it.
Feb 26, 2016
Two-fifths of UK workers earned less than the increase in the average UK home’s value last year, new research shows.
Dec 22, 2015
The Bank of England is in no rush to raise interest rates next year, rate setter Martin Weale has said.
Dec 7, 2015
Homebuyers have typically saved £4,500 in stamp duty since the tax was converted from a slab to progressive structure last year, Halifax has claimed.
Sep 16, 2015
New figures confirm that buy-to-let continues to outperform the mortgage market but industry experts warn that the forthcoming tax crackdown may soon put a stop to the boom.
Jul 17, 2015

Interest rates could rise as early as the turn of the year, Bank of England governor Mark Carney has hinted.

In a speech yesterday (16/07/2015), Carney said rates will increase slowly and gradually from their current level of 0.5 per cent to around 2.25 per cent.

Jul 14, 2015
The time to raise interest rates is drawing ever closer based on the UK’s economic performance, the Governor of the Bank of England Mark Carney said today. (14/07/2015)
Jun 24, 2015
Santander announced this month it would require all self-employed mortgage applicants providing SA302s as evidence of income to also provide a tax year overview. Graham Sellar, head of business development for mortgages, Santander UK, explains why more lenders are adopting this approach.
Mar 19, 2015
Brokers have welcomed Chancellor George Osborne's new Help to Buy Isa scheme but warned it could fuel a bubble unless serious measures are taken to boost housing supply.
Dec 3, 2014
Chancellor George Osborne today abolished the “slab” structure of stamp duty and replaced it with a system more akin to income tax.
Nov 13, 2014
Mortgage applications from homebuyers and remortgaging homeowners reached their highest point of 2014 during October, the National Mortgage Index from Mortgage Advice Bureau.
Oct 13, 2014

New research suggests the annual running cost of a child is £7,602.50

Sep 9, 2014
Bank of England governor Mark Carney says an increase in the base interest rate is “getting closer” but will not return to pre-crisis levels.
Aug 12, 2014

Strong competition in the housing market is forcing some buyers to make "snap decisions"

Aug 1, 2014

The average time it takes to sell a property in Britain has reduced to 88 days, 16 days faster (15.38%) compared to the same time last year and the fastest selling time recorded since 2007, according to recent research from Move with Us.

Jul 8, 2014
With as many as 15% of borrowers on interest-only mortgages claiming to be unable to afford their final repayments, lenders are calling in Debt Rehabilitation specialists to asses borrowers means.
Jul 2, 2014

House prices in Northampton have risen by nine percent in the last three months compared to the same time last year, according to the latest figures.

 

 

Jun 24, 2014
Unexpected spare capacity in the UK labour market is likely to absorbed before any future rate rise, Bank of England governor Mark Carney suggested to MPs this morning.
Jun 17, 2014
Confidence in the property market has more than doubled in a year, research from Clydesdale and Yorkshire Bank has revealed.
May 28, 2014
First-time buyer lending increased significantly over the first quarter of 2014 with Wales, Scotland and Northern Ireland all reporting strong growth.
Mar 17, 2014

Chancellor George Osborne is extending the first phase of the Help to Buy scheme to 2020 ahead of his fifth Budget on Wednesday.

Mar 4, 2014

Halifax is offering to pay the full stamp duty levy for all first-time buyers purchasing properties up to £250,000.

Feb 28, 2014

 

The average price of a property in England and Wales stood at £168,356 in January following a 4.2% annual increase, the latest Land Registry House Price Index has shown.

 

Feb 25, 2014
Aspiring homebuyers with a 5% deposit now have three times more options than before the Help to Buy mortgage guarantee launched.
Feb 19, 2014
Local authorities have been handed more than £2bn to deliver new homes and bring abandoned properties back into use following a new £900m allocation.
Jan 22, 2014

Unemployment fell by a massive 0.5 per cent from September to November last year to hit 7.1 per cent and move within touching distance of the Bank of England’s 7 per cent threshold for raising interest rates.

Jan 11, 2014
Almost two fifths (38%) of Brits searching for their first or next property are concerned their mortgage application may not get accepted, according to new research by TSB.
Dec 12, 2013

First-time buyers returned to the market in droves during October, with the value of loans advanced to those making their first steps on the housing ladder rising by nearly 50 per cent year-on-year.

Dec 2, 2013
House prices increased 0.5% in November on rising demand and contracting supply, the latest Hometrack House Price Index has revealed.
Nov 13, 2013
With the unemployment rate plummeting the Bank of England has stressed that it is not in a rush to raise interest rates.
Oct 7, 2013

The total amount which Help to Buy 2 could knock-off deposit requirements for aspiring homeowners across England and Wales is £22.1bn, according to new research by property website Zoopla.co.uk.

Sep 24, 2013
Mortgage approvals for house purchases hit a four-year high in August, the latest figures from the British Banker’s Association have revealed.
Sep 12, 2013

More Brits stayed loyal to their mortgage provider in the last year, than their employers or partners - only 2% switched their mortgage compared with 11% changing jobs and 3% changing their partners.

Sep 5, 2013
The number of first-time buyers in August 2013 outpaced those recorded in August 2007, according to chartered surveyors Connells Survey & Valuation.
Aug 20, 2013

The number of mortgages has broken through the 10,000 barrier for the first time since the housing market crash five years ago, figures out today show.

Aug 8, 2013

The total number of residential valuations conducted in July was 24% higher than the same month last year when the Government’s Funding for Lending Scheme came into effect, according to chartered surveyors Connells Survey & Valuation.

Jul 15, 2013
For first time buyers looking to make their way onto the housing ladder, ensuring that lenders have access to an accurate credit history should be an essential starting point.
Jun 25, 2013

Brokers are warning a year-long trend of falling mortgage rates could be coming to an end after a recent surge in swap rates.

Jun 20, 2013

Gross mortgage lending has hit its highest level since October 2008 as lenders advanced £14.7bn in May, Council of Mortgage Lenders’ figures show.

Jun 6, 2013
Record low rates and a wider choice of available mortgages are said to be the cause of a 15% increase in first-time buyers in April, according to the latest First Time Buyer Monitor from LSL Property Services.
May 20, 2013
The national average asking price to sell a home has reached a record high of £249,841 as new sellers pumped up their demands by 2.1% this month., latest figures from Rightmove reveal.
May 16, 2013

Two thirds (66%) of homeowners remortgaging an existing property in April did so to take advantage of lower mortgage rates, according to research from LMS.

May 9, 2013

Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to latest survey data from the Council of Mortgage Lenders.

Apr 21, 2013
A poll by Which? has found that women suffer more from money worries than men.
Apr 16, 2013
First-time buyer numbers increased by 3% in February marking the best start to a year since 2008, the latest data from the Council of Mortgage Lenders shows.
Apr 14, 2013
According to the Rightmove House Price Index a shortage of sellers and a panic by home buyers has brought a 7% rise in property asking prices.
Apr 2, 2013

Evidence of growing concern among lenders has emerged in terms of homeowners leasing their roofspace to solar panel providers and the impact this can have on getting a mortgage.

Mar 21, 2013
The Chancellor delivered new measures in the Budget aimed at boosting the building and sale of new homes, the secondhand homes and mortgage markets and the ‘build to rent’ sector.

Mar 20, 2013

Northampton Borough Council has signed up to become a provider of the Mortgage Rescue Scheme.

Mar 18, 2013
Proposals to regulate buy-to-let mortgages look set to be dropped from the European mortgage directive.

Mar 5, 2013
More than a third (37%) of people who have home insurance with their mortgage provider have never considered changing research by Age UK Enterprises has revealed.
Mar 1, 2013
Thousands of borrowers with the Bank of Ireland will see their mortgage costs all but double.
Feb 7, 2013
A stronger market in January saw a fourth consecutive month of annual growth in valuation activity, according to the latest Housing Market Activity Report by Connells Survey & Valuation.
Feb 4, 2013

Shawbrook Bank has introduced a 95 per cent LTV secured loan product which is designed for employed homeowners.

 

Jan 29, 2013

Many of us would never consider buying PPI after all the bad publicity. But sometimes it could be worth having after all.

Jan 9, 2013

From Monday 14th January, Barclays are launching an exciting new 95% LTV purchase only product, the Family Springboard Mortgage.

Jan 2, 2013

 

There was an estimated 12% increase in the number of first-time buyers in 2012 according to this year's annual Halifax First-Time Buyer Review.

 

Dec 11, 2012

Buyer interest grew across the UK last month as confidence in the housing market continued its gradual increase, says the latest RICS housing market survey (11 December 2012).

Dec 6, 2012
Halifax’s latest house price index shows prices were rose 1 per cent in November, but year-on-year they were virtually unchanged compared with November 2011 at an average of £160,879.
Nov 20, 2012
Nearly a third of UK adults (29%) who unsuccessfully applied for a mortgage direct to a bank subsequently used a broker – and their mortgage application was successful.
Oct 29, 2012
Agreed house sales jumped sharply this month as sellers dropped their prices to shift homes which have been lingering on the market, according to Hometrack.
Oct 23, 2012
Data from Lloyds TSB has claimed that housing transactions in England and Wales rose 2.2% in the first six months of this year, compared with the same period last year, to 282,086.
Oct 15, 2012

Ernst & Young is forecasting the UK economy will rebound in the second half of this year and grow by 1.2 per cent next year, boosted by a housing market revival next spring.

Sep 27, 2012
Mortgage availability hit a five-year high in the three months to early September, the Bank of England said.

Sep 21, 2012

As we all know, these are turbulent times in the financial and property markets. The dilemmas facing homeowners and first-time-buyers alike have been keeping journalists busy for many months now, but it’s important to know that there is help and impartial guidance out there should you need it.

Sep 19, 2012
Prospective first-time buyers are so worried about being turned down for a mortgage that nearly a quarter (23%) do not even want to apply, do any research or speak to a lender.
Sep 12, 2012
Home owners may not be getting the best mortgage deal, with more than half simply going straight to their bank.

Sep 4, 2012

The number of mortgages sold to first-time buyers for properties worth between £120,000 and £250,000 went up by a whopping 53 per cent between the second quarter of 2011 and the first quarter of 2012, according to the FSA’s latest mortgage product sales data.

Aug 22, 2012

Santander has written to customers informing them that its Standard Variable Rate will increase from 4.24 per cent to 4.74 per cent from October 3.

Aug 17, 2012

High financial and emotional costs of selling the family home to downsize are set to encourage increasing numbers of retirees to look towards alternative options such as equity release, according to Just Retirement.

Jul 17, 2012

 

Conti, the overseas mortgage specialist, has seen a 33% increase in Spanish mortgage enquiries over May and June and claims there are signs the market is starting to bottom out.

 

Jun 14, 2012

 

Demand for remortgage advice is on the rise, figures from unbiased.co.uk’s Advice Drivers report show.

 

Jun 8, 2012
House prices in May went up by 0.5% following a 2.3% decline in April.
May 24, 2012
Almost one third of successful bidders at residential property auctions are subsequently let down by mainstream lenders and have to scramble to find other forms of finance.

May 15, 2012

 

UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.

 

Apr 25, 2012

Few economists are expecting any change in the BoE base rate in the near future and current sentiment suggests that the base rate may remain at its historic low of 0.50% until 2014 or even 2015.

Apr 12, 2012

The mortgage market saw its strongest start to a year since 2008, according to the latest Housing Market Activity Report by Connells Survey and Valuation.

Apr 10, 2012

New analysis by the price comparison site, MoneySupermarket.com, has shown that average mortgage rates have begun to rise.

Mar 24, 2012

 

House prices rose by 0.1% in February, meaning the average house price in England and Wales is now £161,588.

 

Feb 27, 2012
Buyers came back to the UK housing market in their droves in February, figures from the property sales site Hometrack revealed.
Feb 10, 2012
Britain is in the grip of a buy-to-let boom, with landlords snapping up property worth £160bn.
Jan 30, 2012
After years struggling to save big deposits, first-time buyers are hopeful of getting on to the property ladder as lenders line up to offer 95% mortgages.
Jan 30, 2012

 

Buying a home in the UK is £116 a month cheaper on average than renting, research from Halifax reveals.

 

Jan 27, 2012
Approvals for mortgages reached a 19-month high in December, according to the British Bankers' Association (BBA).
Jan 23, 2012

UK home owners could potentially face earlier risk of possession next year because of a new EU directive.

Jan 13, 2012
Homeowners are enjoying the cheapest mortgages on record thanks to historically low interest rates, new figures show.
Jan 10, 2012
Lenders offering some of their cheapest mortgage deals last year helped to make the monthly bill the most affordable for a decade.

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Your home may be repossessed if you do not keep up repayments on your mortgage.
Select Mortgages Solutions,
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ

Tel: 0845 22 42 162
Email: info@selectms.co.uk

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Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Conduct Authority.
 
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