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...The average asking prices for properties of up to two bedrooms, which Rightmove classifies as being for first-time buyers, was almost flat month on month at 0.3 per cent....
...Mortgage brokers have welcomed an “innovative” home loan aimed at first-time buyers, which requires a deposit of just £5,000 for homes worth up to £500,000....
...Sticky services inflation and strong wage growth data in February, however, led to some readjustment of interest rate expectations in the markets, prompting some mortgage lenders to push up borrowing costs...
...Some quoted mortgage rates have edged up since February because of sticky services inflation, a move reflected in the month-on-month drop registered by Nationwide in March....
...UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased...
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...Their supporters say they provide borrowers with certainty and help them pass mandatory affordability tests, particularly those buying their first home....
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
...UK house prices fell for the first time in six months in March, according to the lender Halifax, surprising economists and adding to signs of inconsistency in the property market recovery....
...The improvement in the housing market could also boost output in construction, spending on housing-related goods and services and household confidence, helping the wider economy....
...From BofA: Mortgage rates have eased — now hovering just around 7% — and we expect the first Fed cut . . . in June....
...Its bad loans from residential mortgages have already risen 9.6 per cent to Rmb27.8bn ($3.8bn). Defaults by Chinese developers have exceeded $110bn over the past three years....
...Neal Hudson, housing market analyst at Residential Analysts, said: “There would be a greater risk of negative equity obviously with this, you’d also be paying a premium mortgage rate, and it doesn’t necessarily...
...Evidence that a recovery is under way in the UK housing market has been bolstered by data suggesting the number of agreed sales jumped in the first two months of the year....
...“Sellers are having to continue to rein in their price expectations,” says Lucian Cook, head of UK residential research at estate agent Savills....
...The first signs of borrowers responding are likely to show up in mortgage approvals....
...And that’s naturally where high mortgage rates are going to hit hardest.”...
...Figures from Halifax last Friday showed house prices declining for the first time in six months, contrary to expectations....
...Most analysts predict the central bank will make its first rate cut in either June or July....
...The sharp rise in mortgage costs as the Bank of England raised interest rates to tame inflation put the brakes on the property market, and imposed a particular strain on affordability for first-time buyers...
...Separate BoE data last week showed that real interest rates on new mortgages fell for the first time since 2021 in December, helping lift mortgage approvals to a six-month high....
...“Very suspicious at first glance.”...
...Labour, which has a strong polling lead over the Tories, has pledged to boost housebuilding and introduce a new mortgage guarantee scheme for first-time buyers if it wins power....
...Svanstrom said Rightmove was continuing to diversify its business into new areas including rental and mortgage services, and commercial real estate....
...On Tuesday BoE data showed that the average rate for new mortgages fell in December for the first time since November 2021 and that mortgage approvals rose to a six-month high....
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