skip navigation
 

Property - Slow Improvement in Market Conditions


 

Lending for residential property purchases has increased significantly in recent months – the July figure of £16 billion showing a 26 per cent rise over June. August and September have both shown gross mortgage lending of about £12.5 billion, which, whilst a considerable improvement on the beginning of the year, is still well below levels seen a couple of years ago: in 2007, mortgage lending averaged over £30 billion per month.

House prices have recently shown modest rises, helped by the fact that there has been an increase in demand at the lower end of the market, with more than a third of house purchases being made by first-time buyers.

Latest News

ASBI Permitted As Behaviour Was 'Housing-Related'
Couple Sell Farm to Pay for Chancel Repairs
Failed Property 'Try On' May Be a Crime
Court Finds Hole in Polo Argument
Court Rescinds Agreement Resulting From Misrepresentation
You Can't Make Me!
Inconsistency Defeats Right to Rescind
Pay Attention or Pay Up!
Does Right of Access Mean Right to Park?
Change of Use Depends on Continuous Occupation
More...

Related Articles

   
  Buying Abroad - Considerations
  Buying a House and Consumer Protection
  Fact Sheet - Disclosure to Mortgage Lenders of Incentives for Buyers
  Selling Your Property at Auction
  Mortgage Exit Administration Charges - Consumer Redress
  HIPs - Frequently Asked Questions
  The Duties of Mortgage Lenders
  Tenants' Right to Buy
  Current Laws on Electrical Work
  Phone Masts - The Law and Practice
  Selling Your House and Land: Tax Tips
  Timeshares - Good or Bad?
  When Can I Access My Neighbour's Land?
  Who Can Go Where?
  Squatters Rights Not Illegal - European Court
  How Do We Set Up a Commonhold?
  Leaseholders' Right to Manage
  Accessing Your Own Land
  What is a Tenant's Improvement?
   
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
 
 

Longmores Solicitors, 24 Castle Street, Hertford, SG14 1HP 01992 300333
© Longmores Solicitors. All rights reserved.
Regulated by the Solicitors Regulation Authority (SRA) 53374

Legal Disclaimer
[smaller] Change text size [larger]