This is a interesting article that I don't agree with. https://www.financialreporter.co.uk/blogs/its-time-to-battle-ccj-fake-news.html Make no mistake if you have a CCJ or a default it will be difficult to get a mortgage. A knowledgeable broker is your best hope in a successful home purchase if you have credit challenges.
Looks like a slightly lower business levels is explained in this article. Broker produce over 70% of the mortgage business so, why are people not moving? https://www.mortgagestrategy.co.uk/broker-business-volumes-lowest-in-over-two-years-imla/
Question to the public. Is adding more house to the market a good thing??? https://www.mortgagestrategy.co.uk/housing-supply-up-2-says-government/
This is a great article on equity release https://www.telegraph.co.uk/equity-release/mortgages/typical-equity-release-customer/
May then went on to say that the cap on how much councils can borrow against their housing revenue account assets in order to build houses “doesn’t make sense,” before adding: “today I can announce that we are scrapping that cap.” https://www.mortgagestrategy.co.uk/may-announces-end-to-council-borrowing-cap/ Do we really have a housing shortage in Scotland? Rates are low, you only need a 5% deposit and there are plenty of terraces and flats on the market so, can someone tell me where the shortage is??????
I have never been a fan of Help to Buy but the article below explain, eloquently, more reasons why it is not a good idea. https://www.mortgagesolutions.co.uk/news/2018/09/18/help-buy-skewed-housing-market-needs-targeted-cochrane/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-1809-1537265992
This article goes on to say that the government should provide state loans so young people do not need to rent. https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers?CMP=fb_gu The purposely seems to run in the same manor as student loans. I am not sure if this is a good idea. Where is the government getting the money?
This is a good article. http://www.financialreporter.co.uk/finance-news/first-time-buyers-outstrip-homemovers-for-first-time-since-1995.html I have noticed that home movers are reluctant to move until they have found the perfect home. In the past they would list there property and then go find a new house. Not anymore. This makes for a shortage in the house market. Perhaps people are choosing to stay put.