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Home owners have so little equity left in the homes after the credit crisis that they are struggling to remortgage, experts warned. The number of loans approved for those buying a [...] The subdued outlook for the UK mortgage market was underlined by the Bank of England.In the latest edition of its monthly Trends In Lending publication, it said it was uncertain whether or not lending would see much of a recovery this year. “Most major UK lenders continued to expect the stock of lending to pick up [...] The number of mortages made to home buyers rose by 25% between February and March, to 45,000 with borrowing by first-time buyers rebounded faster than that by existing home owners, the CML said. But it warned that mortgage rationing might continue for many years unless the new government helped lenders raise finance. Lending to all house buyers [...] The Post Office has stepped up its attempt to become one of the UK’s biggest mortgage lenders as it’s now offering a mortgage deal that requires just a 10% deposit. This will make it cheaper and easier [...] As worries in the housing market grow now may be a good time to re-mortgage and switch your home loans. New figures published by the Bank of England last week showed that mortgage lending was far weaker than expected in March – falling by 83pc compared with February. Bank and building societies lent a total of just [...] London showed the biggest annual and monthly rise in prices in March, with the lowest annual rise in prices seen in Wales.All regions of England and Wales have seen a year-on-year increase in house prices, according to the Land Registry. But the average property value dropped by 0.6% in March compared with February to £164,288, its [...] UK mortgage lending jumped to £11.5bn in March, a 24% rise from February the Council of Mortgage Lenders (CML) reports. The figure was also 3% up on March last year, when the market had reached its nadir in the wake of the credit crunch. Despite this rise, the CML said activity in the property market was still [...] In March the number of people trying to sell their homes hit its highest level since May 2007, the Royal Institution of Chartered Surveyors (Rics) said. Cold weather and the reintroduction the old stamp duty threshold of £125,000, at the end of 2009, produced a slump in sales and lending at the start of the year. That [...] Interest rates were kept at their record low of 0.5pc when the Bank of England announced its latest policy decision last week. The Bank’s Monetary Policy Committee (MPC) held the cost of borrowing at 0.5pc, and did not alter the £200 billion it has so far spent on quantitative easing- or printing money, to support [...] Spring is traditionally the start of the house buying season and the latest stamp duty breaks could make it one of the busiest in recent years. In the Chancellor’s Budget last month he raised the stamp duty threshold for first-time buyers from £125,000 to £250,000 before you have to pay the 1 per cent rate. This exemption [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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