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TML to use LMS’s Panel Link

The Mortgage Lender has partnered with LMS and will be using its conveyancing firm panel service Panel Link from 22 January.  Panel Link gives access to a vetted, secure panel of law firms. TML deputy chief executive Peter Beaumont says: “Having operated a restricted panel since launch, we have worked with a small number of […]

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Residential property transactions up 7.1% in November: HMRC

There were 104,200 residential property transactions in November, according to the latest report from HMRC, an increase of 7.1 per cent on the same month last year on a seasonally adjusted basis. The number of transactions in November also reflects an increase of 0.6 per cent from October 2017. There have been 1,127,450 residential property […]

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Mortgage approvals increase despite base rate rise: e.surv

The number of mortgage approvals rose by 2.5 per cent in November, following the increase in interest rates at the start of the month. This latest housing market data, by chartered surveyors, e.surv, suggests that this rate increase prompted many homeowners to switch from variable rate deals to fixed-rate products. In total, 66,167 mortgages were […]

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House prices show first monthly rise since March

House prices in England and Wales increased by 0.3 per cent in November, the first monthly rise since March, according to Your Move’s house price index. The average house price in England and Wales now stands at £300,859. This gives a modest annual price increase of just 0.9 per cent. This monthly growth has been […]

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ULS pens three-year deal with Metro Bank

ULS has been signed a three-year deal to give Metro Bank customers conveyancing services. The conveyancing technology firm has designed a bespoke technology package for the lender as part of the deal. ULS chief executive Ben Thompson says: “We very much look forward to evolving our conveyancing related technology with Metro Bank and exploring how […]

UK housing stock tops £6tn for first time: Halifax

The value of UK housing stock has topped £6tn for the first time, according to Halifax. The lender says the total value of private residential property in the UK has grown by £1.94tn (48 per cent from 2007) to around £6.02tn today. UK housing stock value rose £376bn in the past year. The average UK […]

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Gross mortgage lending up 14% in October: UK Finance

Remortgage levels combined with strong first-time buyer numbers are expected to have contributed to an increase of 14 per cent in mortgage borrowing in October, compared to the same month last year, the latest figures from UK Finance show. Gross mortgage lending totaled £23.1bn in October, according to the trade body, two thirds of which […]

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Aldermore calls for SDLT ‘holiday’ to kick-start housing market

New research shows both significant numbers of first-time buyers and existing homeowners would accelerate moving plans if there was a temporary stamp duty ‘holiday’. This research – by Aldermore Bank – puts more pressure on the Chancellor to consider changes to stamp duty land tax in next week’s Budget, to relieve pressures in the housing […]