News and Updates

5m homes needed by 2039 The Department for Communities and Local Government (DCLG) says five million new homes will need to be built over the next 20 years to cope with an expected increase in England’s population.
New research shows that mortgage rates for two and three-year fixed rate deals fell to record lows in February, with borrowers accessing the largest number of products since 2008. 
House price growth in the UK increased to 9.7% in the year to January, up from 9.5% a month earlier, according to the Halifax.
The number of house sales in the UK increased 3% to 106,480 in August – the highest monthly total since February 2014, when the introduction of the Government's Help to Buy scheme boosted sales to 109,030, according to the Halifax house price index. 
Mortgage approvals increased in July to hit their highest level since February 2014. Driven by elevated confidence and record-low home loan offers, new Bank of England data reveals nearly £1bn more was lent out for purchases compared to May.