Mortgage Voice: Mapping the Mortgage Market; Meeting Market Need. Consumer Attitudes and Analysis April
|
|
- Evelyn Walsh
- 6 years ago
- Views:
Transcription
1 Mortgage Voice: Mapping the Mortgage Market; Meeting Market Need Consumer Attitudes and Analysis April 2014
2 Contents 1. Methodology 2. Foreword 3. Market overview 4. A healthy market? What help is available? 5. Eligibility and access 6. A nation of homeowners? Why do consumers rent? 7. Rise of the rental market Buy to let landlords - views 8. Conclusion The aim of Mortgage Voice is to investigate consumer attitudes towards, and understanding of, the mortgage market. In particular, what are the major barriers to mortgage lending and how do consumers aspiring homeowners and buy to let landlords feel about the market and its direction of travel? While the market appears buoyant, are issues of access and eligibility continuing to exclude viable candidates and how have demographic changes fundamentally altered what providers need to do? 2
3 1. Methodology Research was carried out by Watermelon Research (a Chime Plc company) The fieldwork was carried out between 05/02/14 and 19/02/14 via an online survey. The sample was made up of 200 landlords and a representative sample of 2000 consumers (18 65+) 3
4 2. Foreword Alan Cleary Managing Director, Precise Mortgages By rights, 2014 should be a year to remember for the UK housing market: evidence indicates Help to Buy has succeeded in getting new homes built and getting people to buy; Funding for Lending has begun opening up the wholesale market; GDP is already outpacing expectations (with further gains expected this year); consumer indicators are positive too; and although interest rate rises may be on the horizon, Governor Carney has given his commitment to keep them within reasonable levels going forward. So, with the recovery gaining pace, we should now be in a position where homeowners and buy-to-let investors can benefit from a reinvigorated mortgage market both in terms of improved access to credit and product innovation. As a specialist lender, we think the industry has a duty to provide realistic, sustainable, specialist mortgages that support modern homeowning aspirations and buy-to-let entrepreneurialism. Mortgage Voice provides a compelling and often surprising snapshot of the winners and losers in today s marketplace. It certainly provides plenty of questions for the market, which it will need to address if we intend to meet future market need. 4
5 3. Market overview The figures speak for themselves, don t they? Lending data from CML shows double digit growth on 2013 figures. The Halifax property survey points to rising house prices not just in London but across the UK too. Confidence has returned to the housing market. This market optimism has dominated the media agenda with the clear indication that mortgages are once again readily available. To some extent lending stats bear this out with strong rises recorded on both first time buyer and buy to let mortgages as well as homemover and remortgages. But is this the full picture? Do today s consumers and buy to let entrepreneurs feel well served by the modern mortgage market? 5
6 4. A healthy market? While the media has been quick to latch onto the newfound renaissance in the UK mortgage market, consumers remain largely pessimistic. 6
7 4. A healthy market? Consumers: views on the mortgage market Mortgages are too difficult to obtain for the first time buyer 39% 11% 44% Rental prices are too expensive 44% Mortgage market is in a poor state, with little likelihood of repair 11% Mortgages still favour those with large deposits 53% Mortgage market is in poor health and repairing slowly 46% 39% 53% 17% Rent is lower than repaying a mortgage 23% Unsure of the quality of rented housing 17% 7
8 4. A healthy market? Opposite ends of the age spectrum (aged years old and aged 55 and over) proved the most negative in their responses The middle (aged between 25 and 45) appear more positive There are disparities in industry and consumer sentiment and some key demographic differences for considerations. Respondents were keen that eligibility for a home loan be assessed on an individual basis and ranked improved access to mortgage products highly Responses across UK regions were broadly similar East and West Midlands were on par with London as the most optimistic about the future Northern Ireland was noticeably more bearish 8
9 4. What help is available? There has been activity from Government to stimulate the first time buyer market but it has low awareness and doesn t go far enough. Impressions and understanding of Help to Buy 40% 22% 10% It s there to help first time buyers. I know very little about it. It s not enough and other stimulants are needed. 9
10 5. Eligibility & Access Which of the following statements do you most agree with on access to mortgage lending? For many, mortgages are assumed to be beyond their reach with concerns over access and criteria. Just 5% said that access to mortgages had improved across the board while 53% claim that mortgages continue to favour those with large deposits. Barriers to homeownership remain largely financial with saving a large enough deposit the primary impediment whereas elements such as credit score previously considered to be a major concern rank much lower with consumers. 60 % 50 % 40 % 30 % 20 % 10 % 0 % Access to mortgages has improved significantly for all Access to mortgages has improved, but not enough Mortgages still favour those with large deposits to buy a home Mortgages are too difficult to obtain for the first time buyer The mortgage market doesn t cater well enough to those who have blemishes in their credit history Mortgages are too difficult to access if you are self-employed or a freelancer Mortgages are generally complicated, I find it hard to understand the market None of the above *Respondents could choose three options. 10
11 5. Eligibility & Access CASE STUDY - FIRST TIME BUYER, FEMALE, 28 I d never really thought about saving for a home until circumstances meant that my partner and I had to move from our rented flat and find an alternative. We realised that perhaps it was time to begin considering our options to become homeowners. 70 % 60 % 50 % 40 % What do you see as your current barriers to buying a home?* The main problem was how to pull together the deposit we had no real savings. It wasn t easy but we made the decision to sofa hop with friends and family freeing ourselves of rental costs in order to save as much as possible. We are due to sign the contracts on a flat imminently where we will be paying much less in mortgage repayments than rent and we will have made our first all important step on the property ladder! 30 % 20 % 10 % 0 % Saving a large enough deposit Getting a mortgage Finding an affordable property Paying for another large event first (i.e. marriage or having children) Finding a property in the area/region I d most like to live Complicated buying processes My Credit Score I don t know 11 *Findings based on responses from 689 renters from a base of 2000 respondents. Respondents could choose all options that applied.
12 6. A nation of homeowners? Homeowning remains an aspiration* 62% of respondents who want to own property in the future want to buy in the next 5 years As do 57% of those under 25 who want to own property in the future But its perceived impact on social standing is diminishing 24% of renters feel adversely affected by not being a homeowner 45 % 40 % 35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 % What is your reason for not seeking to buy a property? *Findings based on responses from 222 renters who admit to aspiring to buy property in the future (total) and 44 under 25s. Respondents could choose all options that applied. 12
13 6. Why do consumers rent? Debt burden of a mortgage is too high 37% 42% Couldn t save for a deposit No mortgage options available 33% 10% 13% Could live in a larger property 18% Felt they could budget better Could live in a better area 13 *Findings based on responses from 689 renters from a base of 2000 respondents. Respondents could choose all options that applied.
14 7. Rise of the rental market What are your thoughts on the current rental market? 50 % 45 % 40 % 35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 % Rental prices in my area are too expensive Rental prices in my area are fair My monthly rent is lower than if I were repaying a mortgage My monthly rent is higher than if I were repaying a mortgage I question the quality of what is available on the rental market I don t know With recent statistics suggesting that the number of people renting in London will soon outstrip homeowners, to be followed by other cities, it s clear there needs to be a sea change in the market. This requires new kind of housing industry supporting both individual homeownership and a strong rental sector to meet changing consumer requirements. 14 *Findings based on responses from 689 renters from a base of 2000 respondents. Respondents could choose all options that applied.
15 7. Rise of the rental market The burgeoning rental market has created a significant opportunity for private landlords; our research shows that they increasingly appear to be heeding the call. What influenced your decision to become a landlord? 40 % 35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 % I inherited a property and chose to let it out I moved in with a partner who already owned a home I let out a property I was unable to sell I bought a property for a child at university and kept it on Becoming a landlord was a short term investment decision Becoming a It is my family landlord was a trade long term investment decision Other Four in ten (41%) private landlords see buy to let as an investment 85% of these are in it for the long term A high proportion (62%) are landlords by circumstance* * Classified as those who inherited a property and chose to let it out (28%), moved in with a partner who already owned their home (20.5%) and those who let out a property I was unable to sell (13.5%). Taken from a survey of 200 landlords. 15
16 7. Rise of the rental market In terms of realising their investment, 12% plan to sell up in the next five years but far more wish to keep their buy-to-let portfolio until they retire or even beyond. All in all the portrait painted is of a very different buy to let landlord than the speculator of old, one who aims to steadily build up their portfolio over the years and reap the benefits in retirement. 30 % 25 % 20 % 15 % 10 % 5 % What are your aspirations for developing your buy to let portfolio? 27 % 18 % 18 % 12 % 10 % 7 % 7 % 8 % 23 % 0 % I aim to increase my portfolio by 1-2 properties per year I aim to increase my portfolio by more than 2 5 properties per year I aim to increase my portfolio by more than 5 properties per year My buy-to let portfolio will become my main source of income I hope to sell my entire buy-to-let portfolio within 5 years I hope to sell part of my buy-to-let portfolio within 5 years I aim to keep my buyto-let portfolio until retirement I will keep a buy-to-let portfolio beyond retirement I don t know 16 *Findings based on responses from 200 landlords. Respondents could choose all options that applied.
17 7. Buy to let landlords - views 18% aim to keep their buy-to-let portfolio until retirement 12% hoped to sell their entire buyto-let portfolio within 5 years 18% aim to increase their portfolio by 1-2 properties per year % aim to keep their buy-tolet portfolio beyond retirement 10% say their buy-to-let portfolio would become their main source of income CASE STUDY - BUY TO LET LANDLORD, MALE 29 I bought a cheap flat as a repossession in 2009 but always had a goal of buying a house before I turned 30. In early 2013 the property market lent itself to this opportunity. When the offer was accepted I borrowed half of the deposit from family as I didn t want to raise the money from selling my first flat instead I wanted to hold on to the property and let it in order to pay off the mortgage on the house. This was a conscious decision as part of a longer term plan to acquire and manage more properties. 17 *Findings based on responses from 200 landlords
18 8. Conclusion The mortgage market is stronger and more resilient than it has been in a long time. However, this confidence and buoyancy has not filtered down to the end consumer. It is important to ask whether the significant demographic and lifestyle changes seen in the last 10 to 15 years have been acknowledged and responded to by industry. We as a nation are renting longer and later in life, are more likely to move from job to job rather than stay put in one position and could very well become a landlord by circumstance rather than design. This puts a clear onus on the mortgage market to work with consumers to develop a truly modern suite of buy to let and homeowner products which meet the needs of modern applicants. There have been some important developments yet it is still early days in broadening the criteria for mortgage approval to support homeowning and buy to let entrepreneurialism. 18
GUIDE TO BORROWING INTO RETIREMENT
GUIDE TO BORROWING INTO RETIREMENT BORROWING INTO RETIREMENT Even if you ve been financially savvy throughout your life, there are still important decisions you ll have to make in your later years. Naturally,
More informationTaking charge of Shared Ownership
1 Taking charge of Shared Ownership What is it? It s a lot like buying any other home, except you don t have to pay the full price. How big is my share? It s up to you and the scheme. Most shared ownership
More informationESSENTIALLY MORTGAGES
168 Birmingham Road Shenstone Wood End Lichfield WS14 0NX T 0121 323 2070 E clientsupport@fouroaksfs.com www.fouroaksfs.com ESSENTIALLY MORTGAGES Q2 2018 ISSUE 8 MORTGAGE TRENDS WHAT S CHANGED OVER THE
More informationUnlocking the potential from your own home. How to leverage your equity to buy an investment property
Unlocking the potential from your own home How to leverage your equity to buy an investment property Presented by Momentum Wealth Momentum Wealth IP Pty Ltd 2014 Contents 3 5 6 8 10 11 What makes your
More informationTHE BANK OF MUM AND DAD THE BANK OF MUM AND DAD
THE BANK OF MUM AND DAD THE BANK OF MUM AND DAD 2 THE BANK OF MUM AND DAD THE BANK OF MUM AND DAD 3 EXECUTIVE SUMMARY The Bank of Mum and Dad: For many young adults, the reality is you can t leave home
More informationTHE BANK OF MUM AND DAD
THE BANK OF MUM AND DAD THE BANK OF MUM AND DAD 2 THE BANK OF MUM AND DAD THE BANK OF MUM AND DAD 3 EXECUTIVE SUMMARY The Bank of Mum and Dad: For many young adults, the reality is you can t leave home
More informationEquity Release Council
Equity Release Council Spring 2019 Market Report O DUCT IN T ION PR www.equityreleasecouncil.com A NOV Foreword saw the equity release market cement its position in the mainstream of financial services.
More informationAn Introductory Guide to Getting on the Property Ladder
An Introductory Guide to Getting on the Property Ladder Dear Reader, Thank you for reading the guide. We hope it is helpful to you. The aim of this guide is to provide young people with optimism regarding
More informationGuide to Buying Your House
Guide to Buying Your House Good Mortgage Solutions Limited 12 Halegrove Court, Cygnet Drive, Stockton. TS18 3DB 01642 671747 Email: paul@goodmortgagesolutions.co.uk Choosing a mortgage is one of the biggest
More informationFannie Mae National Housing Survey. July - September 2010 Quarterly Wave
Fannie Mae National Housing Survey July - ember 2010 Quarterly Wave Copyright 2010 by Fannie Mae Release Date: November 23, 2010 Consumer attitudes: measure current and track change Attitudinal Questions
More information2015 HOME MOVES FLAT DESPITE STAMP DUTY CHANGE
NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS SATURDAY 13 TH FEBRUARY 2016 2015 HOME MOVES FLAT DESPITE STAMP DUTY CHANGE Stamp duty s give homemovers average saving of 5,000 Average price of a homemover
More informationFACT INDEX Q The FACT index rating for Q was 101.0, showing little change over the last 12 months.
The Financial Advisor Confidence Tracking () index has been tracking financial adviser sentiment since 1995 based on the number of mortgages introduced to borrowers over the previous quarter. The index
More informationInformation for mortgage customers. Mortgages
Information for mortgage customers. Mortgages Hello. This is your guide to TSB mortgages. This guide provides lots of information about our mortgages. Some of it is relevant to everyone but some of it
More informationthe mortgage FINANCE »As you may know, there are currently FRESH START Welcome... Fresh Start Finance Should you be assessing your borrowing needs?
the mortgage Winter 2015/16 FRESH START FINANCE The newsletter from Fresh Start Finance Should you be assessing your borrowing needs?»as you may know, there are currently some decent mortgage deals on
More informationYour guide to. Equity Release. with no obligation
Your guide to Equity Release EXPERT ADVICE with no obligation Your introduction to equity release Your retirement should give you the freedom to do all the things in life you haven t had time for. However,
More informationStagnant homemovers market impacts first time buyers
NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS MONDAY 21 ST AUGUST 2017 The Lloyds Bank Homemover Review tracks conditions for those who already own a home. The review is based on data from the Lloyds
More informationOUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME
1 AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. Taking on the purchase of a house can be daunting. With this step-by-step guide, we hope to make the journey a little less overwhelming.
More informationInsurance Council of Australia Home & Motor Insurance. April 2016 Job number: 16009
Insurance Council of Australia Home & Motor Insurance April 2016 Job number: 16009 Sections of this report Section Page # Research background and methodology 3 Home insurance 5 Top 5 findings 9 Attitudes
More information2018 Ellie Mae Borrower Insights Survey. What do consumers really want from the mortgage process?
2018 Ellie Mae Borrower Insights Survey What do consumers really want from the mortgage process? Table of Contents 2 2018 Borrower Insights Survey Executive Summary 1. Executive Summary Ellie Mae conducts
More informationUMB Mortgage Solutions. Home Buying 101
UMB Mortgage Solutions Home Buying 101 1 Agenda Are You Ready to Buy a Home? Selecting a Lender Mortgage Loans Getting Started Home Checklist Purchase Contract Questions 2 Home buying Terms Mortgage Lender
More informationINFORMATION FOR MORTGAGE CUSTOMERS.
INFORMATION FOR MORTGAGE CUSTOMERS. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Fold back this page for a brief summary of key mortgage features. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
More informationA housing market to be proud of
A housing market to be proud of Introduction This document looks at the mortgage market and its vital contribution to delivering a successful housing strategy. Mortgage lenders play a key role in all housing
More informationGuide to contractor mortgages
guides i Guide to contractor mortgages Obtaining a mortgage as a contractor or freelancer used to be a hassle. Learn about how this has changed and your options in this guide. people advice technology
More informationInterest Rates Research
Interest Rates Research Prepared for the Money Advice Service August 2014 The Nursery Research and Planning Ltd 60-66 Wardour St, London W1F 0TA Tel: +44 (0)20 7734 1166 www.the-nursery.net 1. 2. 3. 4.
More informationEquity Release Council
Equity Release Council Autumn 2018 Market Report Contents Key findings 4. Market context Public sentiment towards property as a safe way to save for retirement improves since 2010/12 Number of homes bought
More informationnews How it could affect you If rises do occur, then it may be a concern for many, and more immediately for the
Spring 2018 Mortgage & Protection The newsletter from Man 4 Mortgages news Rising interest rates for mortgages may well be an issue to consider this year.»in March, the Bank of England left interest rates
More informationMortgage advice you can depend on
Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging it s a big commitment. This guide aims to help you understand what you need to think about making you feel
More informationAll you need to know Optional Payment Lifetime Mortgage
All you need to know Optional Payment Lifetime Mortgage Contents Section 1 All about our Lifetime Mortgages 3 Section 2 Applying for a lifetime mortgage 11 Section 3 What happens if your circumstances
More informationThe ARLA Review & Index. for Residential Investment
The ARLA Review & Index for Residential Investment Third Quarter 2012 Third Quarter 2012 Compared with three months ago, the average weighted rental return for houses is up from 5.1% to 5.2%. The average
More informationPRSA Guide. Get to know the advantages of a PRSA
PRSA Guide Get to know the advantages of a PRSA Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland s most successful life and
More informationHelp to Buy Buyers Guide
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2015 Page 1 of 20 August 15 What is Help to Buy? Help to Buy is equity loan assistance to home
More informationHow to deal with rising interest rates
A landlord s guide to: How to deal with rising interest rates www.landlords.org.uk A landlord s guide to how to deal with rising interest rates As the UK s leading landlord association, we have a duty
More informationIf you're like most Americans, owning your own home is a major
How the Fannie Mae Foundation can help. If you're like most Americans, owning your own home is a major part of the American dream. The Fannie Mae Foundation wants to help you understand the steps you have
More informationThe Money Statistics. August
The Money Statistics August 2018 Welcome to the August 2018 edition of The Money Statistics The Money Charity s monthly round-up of statistics about how we use money in the UK. These were previously published
More informationREALESTATEVIEW.COM.AU BABY BOOMERS REPORT JULY 2014
REALESTATEVIEW.COM.AU BABY BOOMERS REPORT JULY 2014 ABOUT THE BABY BOOMERS REPORT Commissioned by realestateview.com.au in July 2014, a survey was conducted of 2,554 baby boomers via an online questionnaire.
More informationInvesting for income. A guide to broadening your income horizons
Investing for income A guide to broadening your income horizons TABLE OF CONTENTS Welcome to our little guide 3 Seeking income in a low rate environment 4 Putting your savings to work 6 Broaden your income
More informationYour guide to the fundamentals of investing
Your guide to the fundamentals of investing Your money. Our expertise. This guide is for information purposes only. It should not be seen as advice. Investments in the stock market may fall as well as
More informationM A Outlook Deal insights for Northern Ireland and the Republic of Ireland
M A Outlook 2018 Deal insights for Northern Ireland and the Republic of Ireland Foreword We are delighted to present the findings from our survey on the outlook for Irish M&A activity in 2018. This survey
More informationINVESTING IN PROPERTY YOU RE BRAVE!
INVESTING IN PROPERTY YOU RE BRAVE! Read on to form your own opinion Property investment is a subject which evokes much debate. Over the last few years the UK property investment industry has seen much
More informationA helping hand with owning your home
A helping hand with owning your home We understand how important it is to have the right information to help you every step of the way when you move home or remortgage. Our guide to buying, remortgaging
More informationA HELPING HAND WITH OWNING YOUR HOME.
1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME 1 A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN
More informationAll you need to know about the Government s plans to restrict finance cost relief for individual landlords
All you need to know about the Government s plans to restrict finance cost relief for individual landlords What is the proposal and when was it announced? The proposal was announced in the Chancellor s
More informationMONEY ADVICE GUIDE BANK OF MUM & DAD CONVERSATION GUIDE IN PARTNERSHIP WITH
MONEY ADVICE GUIDE BANK OF MUM & DAD CONVERSATION GUIDE IN PARTNERSHIP WITH As a parent, you may be in a position to be able to offer your child some financial support to get on the property ladder. As
More informationSECTORAL BUYING AND SELLING PREFERE. Buying Preferences
A shift in the mindset of seasoned commercial auction buyers and sellers looks poised to trigger uplifts in transactions in 13. CBRE's in-depth review of investor sentiment, finance and buying and selling
More informationmortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages
mortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages If you re considering becoming a buy to let landlord or looking
More informationESSENTIALLY MORTGAGES
Lazenby s Financial Services T: 03 322 0700 T: 03 322 0702 E: advice@lazenbysfs.co.uk E: mortgage@lazenbysfs.co.uk W: www.lazenbysfs.co.uk Wira House, Wira Business Park, Suite 2, First Floor, West Park
More informationHelping the unconventional with buy-to-let. Example scenarios
Helping the unconventional with buy-to-let Example scenarios Contents Buy-to-let range 4 Octopus Property, a property company with a difference 5 Client scenarios Helping foreign nationals obtain finance
More informationNEIGHBORWORKS AMERICA AMERICA AT HOME 2014
NEIGHBORWORKS AMERICA AMERICA AT HOME 2014 Findings from a Telephone Survey of 1,000 Americans on Homeownership, The Home-Buying Process and the Impact of Student Loan Debt Widmeyer Communications, A Finn
More informationThe Money Statistics March 2017
The Money Statistics March 2017 Welcome to the March 2017 edition of The Money Statistics The Money Charity s monthly round-up of statistics about how we use money in the UK. These were previously published
More informationMake Plans. Mortgage. Protection. Time to. »As you may know, there are currently. news. Welcome... fish4mortgage.com
Winter 2016 Mortgage & Protection The newsletter from fish4mortgage.com Should you be assessing both your borrowing and protection needs? news»as you may know, there are currently some decent mortgage
More informationCredit Card Market Study Interim Report: Annex 3: Results from the consumer survey
MS14/6.2: Annex 3 Market Study Interim Report: Annex 3: November 2015 November 2015 0 Contents 1 Introduction 2 Definitions 2 Background to the 3 The structure of this document 4 2 Consumer understanding
More informationWhere next for first-time buyers? By Bob Pannell, Economic Adviser, IMLA
Where next for first-time buyers? By Bob Pannell, Economic Adviser, IMLA Introduction The latest figures confirm that there were about 366,000 first-time buyers in the UK in 2017. This is a positive outcome,
More informationThe Money Statistics. September
The Money Statistics September 2017 Welcome to the September 2017 edition of The Money Statistics The Money Charity s monthly round-up of statistics about how we use money in the UK. These were previously
More informationINFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET
INFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET INTRODUCTION This guide gives details of our mortgages and is split into two parts: The first part is useful for customers
More informationThe Money Statistics. April
The Money Statistics April 2018 Welcome to the April 2018 edition of The Money Statistics The Money Charity s monthly round-up of statistics about how we use money in the UK. These were previously published
More informationApproval levels fall back in February
Approval levels fall back in February - Mortgage approvals decline slightly between January and February - Growth in number of first-time buyers and small deposit mortgages - Northern Ireland has highest
More informationThe answer s yes your indispensable guide to securing a mortgage
The answer s yes your indispensable guide to securing a mortgage Hello from HOOCHT These days, life moves faster than ever. To keep pace with it, we re used to doing everything at lightning speed, with
More informationSelf-Employed. SentiMeter Statistical Summary. Residential lending. We re fighting your corner NOW FEATURING MAY 2018
NOW FEATURING FREE VALUATIONS ON ALL PURCHASES & FREE LEGALS AND VALUATIONS ON REMORTGAGES No Administration Fee to pay on any application Residential lending Self-Employed We re fighting your corner SentiMeter
More informationUse your property to your advantage. A guide to our Buy-to-Let products
Use your property to your advantage A guide to our Buy-to-Let products Introducing Retirement Advantage 2 A guide to our Buy-to-Let products Retirement Advantage is a wellestablished company that can trace
More informationGUIDE TO OUR MORTGAGE & PROTECTION SERVICES. Affordable and sustainable solutions designed for you
GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Affordable and sustainable solutions designed for you 2 GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Contents Intrinsic shares our values and beliefs about being
More informationHousing market. Forecasts
Housing market Forecasts - 2018 Summer COUNTRYWIDE HOUSING MARKET FORECASTS 2018 COUNTRYWIDE HOUSING MARKET FORECASTS 2018 Forecasts Executive summary 2014 2015 2017 2018 It will be a bumpy time ahead,
More informationLIMITED COMPANY BUY TO LET MORTGAGES
LIMITED COMPANY BUY TO LET MORTGAGES WHY SET UP AS A LIMITED COMPANY? The gradual restriction in the tax relief landlords can receive will reduce over a four year period from April 2017. This change means
More informationNo deposit. No problem. Post Office Family Link
No deposit. No problem. Post Office Family Link For first time buyers who haven t saved for a deposit but have good affordability. Helping you get your first home How does it work? If you have a good income
More informationRelease date: 14 August 2018
Release date: 14 August 218 UK Finance: Mortgage Trends Update June 218 House purchase activity slows in June but remortgaging activity remains high Key data highlights: There were 34,9 new first-time
More informationSHEDDING LIGHT ON LIFE INSURANCE
SHEDDING LIGHT ON LIFE INSURANCE A practical guide LEARN MORE ABOUT Safeguarding your loved ones Protecting your future Ensuring your dreams live on Life s brighter under the sun About this guide We ve
More informationChoosing the right mortgage...
Choosing the right mortgage... There are many types of mortgages available on the market, and it can be confusing to know which one is right for you. We've outlined the basics in this guide, but our advice
More informationBuy to Let Mortgages. 27 June We have two ranges of Buy to Let mortgages:
27 June 2017 We have two ranges of Buy to Let mortgages: Special Situations for landlords who want to buy and refurbish a property before letting it out, and for experienced British landlords currently
More informationLooking to buy your first home? What to consider when it comes to getting the right loan.
Looking to buy your first home? What to consider when it comes to getting the right loan. Here are the most important things to know before you borrow. If you re looking to buy your first home, chances
More informationPIPA Annual Investor Sentiment Survey 2018 PROPERTY INVESTMENT PROFESSIONALS OF AUSTRALIA
PIPA Annual Investor Sentiment Survey 2018 PROPERTY INVESTMENT PROFESSIONALS OF AUSTRALIA Introduction Welcome to the 2018 PIPA Annual Investor Sentiment Survey Australia s most comprehensive snapshot
More informationMortgage advice you can depend on
Help to Buy Mortgage advice you can depend on Whether buying your first home, or a homeowner looking to move, Help to Buy schemes help people take steps to buy a home. This guide aims to help you feel
More informationLittle sign of a summer lull
1 National Mortgage Index For immediate release September 2017 Reporting on August 2017 data National Mortgage Index Brian Murphy Head of Lending Mortgage Advice Bureau Little sign of a summer lull In
More informationHelp to Buy Buyers Guide
Help to Buy Buyers Guide Homes England http://www.homesengland.gov.uk/helptobuy Page 1 of 29 Contents Key information... 3 What is Help to Buy?... 4 Help to Buy overview... 5 How does it work?... 6 Who
More informationGet advice now. Are you worried about your mortgage? New edition
New edition April 2016 Are you worried about your mortgage? Get advice now If you are struggling to pay your mortgage or are worried about an interest rate change, you need to act now to stop your situation
More informationMortgages. A mortgage from the Scottish. Opens lots of new doors
Mortgages A mortgage from the Scottish Opens lots of new doors Moving home made easy In branch experts Whether you re an existing customer or you re new to the Scottish, we value your business and we aim
More informationMortgage advice you can depend on
Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to
More informationINFORMATION ABOUT YOUR MORTGAGE.
INFORMATION ABOUT YOUR MORTGAGE. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
More informationAsset Lending. Hard Money ASSET LENDING OR HARD MONEY
Asset Lending OR Hard Money ASSET LENDING OR HARD MONEY Asset Lending or Hard Money The purpose of this chapter is to introduce you to one of the most lucrative and least understood aspects of real estate
More informationA Millennial s Guide to Homeownership
A Millennial s Guide to Homeownership Visit Wyse Home Team Realty s Website You re Not Alone If You Haven t Bought a Home Yet If it seems like all your friends are buying a house... it s because they are!
More informationTenants guide to tax reform
Tenants' Union of NSW Suite 201 55 Holt Street Surry Hills NSW 2010 ABN 88 984 223 164 P: 02 8117 3700 F: 02 8117 3777 E: tunsw@clc.net.au tenantsunion.org.au tenants.org.au Tenants guide to tax reform
More informationYouGov Survey Results
YouGov Survey Results Sample Size: 1817 GB Adults Fieldwork: 24th - 25th July 2013 Voting intention 2010 Vote Gender Age Social grade Region Total Con Lab Lib Dem UKIP Con Lab Lib Dem Male Female 18-24
More informationKnow the score: how positive data could impact your next credit application
1 Know the score: how positive data could impact your next credit application Credit applications and your data When you apply for credit in Australia, the credit provider will usually ask for your permission
More informationPROPERTY INVESTMENT - BUY TO LET
PROPERTY INVESTMENT - BUY TO LET Property Investment - Buy to Let In recent years, the stock market has had its ups and downs. Add to this the serious loss of public confidence in pension funds as a means
More informationThe View from. Chicago: 1,000 residents share their perspectives on life in Chicagoland, the local economy and personal finances.
The View from Chicago: 1,000 residents share their perspectives on life in Chicagoland, the local economy and personal finances September 2014 Methodology What An online study among a sample of the general
More informationFirst time buyer numbers rise by almost a quarter in 2015 as costs fall
Under embargo until: 00:01 Tuesday 5 th January 2015 November 2015 First time buyer numbers rise by almost a quarter in 2015 as costs fall November sees 31,300 first-time buyer completions up 23.7% annually
More informationHomebuyer Guide Presented by:
Homebuyer Guide Presented by: HNB Mortgage 432-683-0081 www.hnbmortgage.com info@hnbmortgage.com Fax:(432)687-2612 NMLS: 205935 The basics What is a mortgage? A mortgage is a loan secured by real estate.
More informationKEY GUIDE. Taxation of property
KEY GUIDE Taxation of property Becoming a landlord Becoming a landlord is an attractive proposition for anyone who can raise a deposit, thanks to a prolonged period of low borrowing costs and generally
More informationTaxation of property FINANCIAL
Taxation of property FINANCIAL Becoming a landlord You may have been lucky enough to inherit rental property or be in the position to purchase property outright. However, buying-to-let is the usual way
More informationYour guide to Releasing cash from your home. Lifetime mortgages that do more from
Your guide to Releasing cash from your home Lifetime mortgages that do more from Shouldn t there be more to life than worrying about money in retirement? That s what we believe and that s why more 2 life
More informationIs the UK retirement ready?
Is the UK ready? We surveyed British adults of all ages and analysed industry research to find out the answer to this much contemplated question. Explore the results. Whitepaper by Age Partnership, released
More informationPreparing to buy your first home?
Preparing to buy your first home? Buying your first home is an exciting journey! However, when you re at the beginning of your home buyers journey, you may be confused about to where to start and worried
More informationThe looming interest rate rise: how it will affect you
The looming interest rate rise: how it will affect you The longest period in living memory without a Bank of England rate rise is expected to end on Thursday, when the base rate is likely to increase by
More informationTHE ORIGINAL INDEPENDENT MORTGAGE BROKER
THE ORIGINAL INDEPENDENT MORTGAGE BROKER JOHN CHARCOL, A NAME THAT CARRIES GRAVITAS IN THE MORTGAGE INDUSTRY. With offices in the City of London, Birmingham and Southampton and a network of advisers across
More informationProperty Investment Buy to Let
Property Investment Buy to Let Property Investment - Buy to Let In recent years, the stock market has had its ups and downs. Add to this the serious loss of public confidence in pension funds as a means
More informationGetting Lenders to Like You!
Getting Lenders to Like You! By Lisa Orme Property Finance Specialist Lenders have so much choice about who they lend to these days you need to make yourself as attractive as possible to give yourself
More informationYour guide to Risk & Return
Your guide to Risk & Return Your money. Our expertise. This guide is for information purposes only. It should not be seen as advice. Investments in the stock market may fall as well as rise, and it is
More informationProspect News. The latest news in the mortgage and homebuyer sector helping you keep ahead of the game.
Prospect News The latest news in the mortgage and homebuyer sector helping you keep ahead of the game. EDITION EDITION 18.3 18.1 CONTENTS What s New? Product Switch Offering Customers Simplicity & Convenience
More informationFirst-time buyers stumping up 209,000 to get on property ladder
11/08/2018 @HalifaxBankNews NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS ON 11 AUGUST 2018 First-time buyers stumping up 209,000 to get on property ladder First-time buyer numbers reach highest for
More informationyears INTEREST ONLY MORTGAGES
HOMEBUYER S GUIDE Buying a new home can be a potentially daunting process so we ve prepared this step-by-step guide to help you. It outlines the buying process and gives a guide to the different types
More informationUsing Credit. services but do not require payments in full when the service is performed.
Using Credit How would you like to pay for this, cash or charge? Chances are you have heard this question asked. Cash or charge? is really asking you, the buyer, if you want to use the cash or the money
More informationEquity Release Council
Equity Release Council Spring 2018 Market Report Foreward The Spring 2018 Equity Release Market Report, which marks my first as Chairman of the Equity Release Council, comes at a pivotal time for the industry.
More information