Filtered by Subscriptions: UK Housing Use setting UK Housing
Mortgage price war is making its mark Price cuts from lenders have helped to push up the share of high LTV loans and fixed-rate deals, suggesting that the mortgage price war is increasingly making its mark. But there is little sign that lenders have …
10th September 2019
Renewed Halifax Index broadly in line with other measures While the revamped Halifax House Price Index pointed to slightly faster annual house price growth in August, it is a far cry from the unusually strong rates shown by the old series. Nonetheless, …
6th September 2019
Construction continues to contract The decline in the headline construction PMI in August provides further evidence that construction activity has failed to recover so far in Q3. With firms cautious about the outlook, commercial property construction …
3rd September 2019
Gentle rise in mortgage lending House purchase mortgage approvals saw a gentle recovery in July. But with uncertainty set to intensify in the coming months, the rise in lending probably won’t be sustained. According to the Bank of England, there were …
30th August 2019
Market still sluggish in August House price growth was sluggish in August. With Brexit-related uncertainty set to continue over the next few months, a recovery in house price growth this year is unlikely. The Nationwide recorded no monthly change in …
Mortgage approvals edge up The rise in mortgage approvals published by UK Finance should be interpreted with care. It probably reflects lenders competing for market share, rather than a market-wide recovery in lending. According to UK Finance, among the …
27th August 2019
Market struggles to gather momentum The latest RICS survey showed a housing market struggling to gather any upward momentum. With Brexit uncertainty poised to intensify in the coming months, we expect house prices and transactions to see little or no …
8th August 2019
Another unusually strong result from the Halifax House price growth on the Halifax index once again outpaced the other main indices. But we wouldn’t put too much weight on that result. With house prices very high relative to incomes and the likelihood of …
7th August 2019
No sign of a recovery in house price growth There was no sign of a recovery in house price growth in July, and we expect the market to stay that way in 2019, regardless of the Brexit outcome. Data released this morning by the Nationwide showed the average …
31st July 2019
No rebound in mortgage lending While there is evidence of lenders successfully taking market share, overall growth in house purchase mortgage lending is muted. Looking ahead, with Brexit uncertainty likely to pick up again later this year, lending is more …
29th July 2019
Small rise in mortgage approvals According to UK Finance, house purchase mortgage approvals saw a small increase in June. But even assuming a Brexit deal is agreed, we don’t expect to see a sustained recovery in mortgage approvals until 2020. There were …
24th July 2019
Credit availability eases in Q2 Lenders reported a drop in mortgage availability in Q2. And while that decline is expected to reverse in Q3, we doubt that will translate into a rebound in mortgage lending. Meanwhile, credit conditions for commercial real …
18th July 2019
Surveyors report rise in buyer enquiries New buyer enquiries saw its first meaningful rise in over two years, but it’s too soon to call a housing market recovery. Indeed, the pick-up was partly driven by London and the South of England, where house prices …
11th July 2019
House prices fall as construction slows While house prices edged down in June, the Halifax index is still an outlier compared to the other main indices. Meanwhile, housing starts cooled in Q1. Looking ahead we expect the market to stay weak, with house …
5th July 2019
Weak house price growth in June According to the Nationwide, house price growth was very subdued June. And while the Brexit outcome is as uncertain as ever, the already high level of house prices suggests a rebound in the housing market is unlikely over …
2nd July 2019
Lending slips in May With house purchase lending falling gently in May, there is no sign of a rebound in the housing market. Indeed, with renewed Brexit uncertainty likely in the coming months, we expect house purchase mortgage approvals to end 2019 down …
1st July 2019
Mortgage approvals still at higher than expected levels Loans for house purchase eased slightly in May, but were still higher than at any other point since April 2017. There was a fall back in loans extended for re-mortgaging and we expect loans for house …
26th June 2019
As expected and in line with BBA data for July, mortgage approvals rebounded slightly from June’s 18-month low, when lending was constrained by special factors. But the poor economic outlook argues against a sustained improvement. … Mortgage Lending …
30th August 2012
