Blog

Residential property auction sales did well during August, with the number of lots jumping and the success rate sharply increased. Around 20% of the lots were repos, with buy-to-let investors active. In August, there were 449 lots on offer, compared with 349 in August last year....

A few surprising results in todays property auctions… Private sales seem to be going for far in excess of the guide price: e.g. 4 Laburnum Close, Cambridge had a guide price of ?170k but sold for ?263k Although Cambridge is a very desirable area its seems the guide price...

Few more property auctions going on at the moment: Andrews & Robertson – London CP Bigwood – Birmingham Clive Emson Westcountry – Plymouth The Clive Emson acution active with Live video feed! Will update with results of interest later…

August?s gross mortgage lending up at an estimated ?13.4 billion, a 6% rise from ?12.6 billion in July and a 10% increase from ?12.1 billion in August 2010, according to data published today by the Council of Mortgage Lenders. However, mortgage lending over the summer has been...

The Financial Services Authority welcomes the new legislation as it believes some small firms and individual investors who provide Sale and Rent Back (SRB) agreements think they do not need to be regulated because SRB is not their main source of business. The changes make it...

Figures show highest house purchase lending in July, though were lower than July 2010. By contrast remortgaging rose both on a monthly basis and on the same month last year. There were 31,500 remortgages worth ?4bn in July up from 31,300 worth ?3.8bn in June. Lending to...

BoS, Santander and Barclays top FOS complaints list… The Bank of Scotland had 13,021 total complaints, third overall, 590 of which were for mortgage and finances: the most out of any other business on the list. It was followed by Santander who had 460 complaints for...

Santander cuts rates across its range of products: Two-year fix at 70% LTV for remortgagers, available exclusively to current account customers at 2.69% and ?745 fee Three-year fix at 75% LTV for homebuyers and remortgagers at 3.85% and no fee Four-year fix at 70% LTV for...