Gillian Johnston, chair of Shettleston Housing Association, said: “Carntyne Church has been a prominent landmark in the East end for more than a century and the Association has been delighted to breathe new life into the building with this fantastic development." https://www.scottishhousingnews.com/article/glasgow-s-first-passivhaus-development-for-social-rent-opens
Bank of England figures show mortgage deals are at a two year high, with approvals increasing from 65,506 to 67,306, the highest level since July 2017. https://www.scottishhousingnews.com/article/mortgage-deals-at-two-year-high
This is a good article stating how the FCA attempts to fix the mortgage market with technology is not the complete answer https://www.mortgagesolutions.co.uk/news/2018/12/14/fca-wants-to-change-mortgage-advice-rules-sinclair/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-1412-first-send-1544780172
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/
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 always wondered what would happen to all those endowment mortgages were customers cashed in their policies with cash rewards and didn't apply them to the loan? Now we have an answer. https://www.telegraph.co.uk/personal-banking/mortgages/banks-turn-equity-release-providers-bail-problem-interest-only/
Planning to buy a home, or switch your existing mortgage? Prepare to answer a litany of questions, spend hours at the bank and endure forensic analysis of your daily spending habits. Even after jumping through all those hoops, success is not guaranteed, as there are now strict affordability rules that force lenders to ensure borrowers will be able to afford to pay their mortgage in the future. The main bulk of the current rules surrounding lending came into force in 2014 through the Mortgage Market Review, which
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.
Sir John Cunliffe stated that the Bank of England base could be below 2% for the next 30 years. http://www.mortgagesolutions.co.uk/news/2018/07/13/bank-england-base-rate-stay-2-30-years/?utm_source=customsell&utm_medium=email&utm_campaign=msol-mai-house-ad-1307-1531495622 Could this be true? With the amount of debit people are accumulating it makes since to keep rates low in order to avoid a financial collapse but what happens when the debit becomes to overwhelming? Something to ponder
This is interesting http://www.mortgagesolutions.co.uk/news/2018/07/02/7000-estate-agents-financially-struggling-study-shows/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-mai-1530526514 More than 7000 estate agents are in fear of FINANCIAL DISTRESS with two majors issuing low profit warnings to there share holders. Looks like on-line estate agency is taking a much bigger bite of the ever shrinking housing market. Could this be the end of the smooth talking, Gucci suit, Doice &