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Property Market Review August 2019

BREXIT-related uncertainty remains in residential market

Extract from Redwood Financial’s Residential Property Review August 2019 In its August Inflation Report, the Bank of England has reported that the housing market remains weak, but there are some signs of stabilisation.  The latest NMG survey, which is a biannual household survey commissioned by the Bank and covers over 6,000 households, revealed an expectation…

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Property Market Review August 2019

First-time buyer numbers up 7.9% year-on-year

The latest UK Finance Mortgage Trends Update revealed that in April this year, 27,370 new first-time buyer mortgages completed. This was slightly down on the 28,860 agreed in March, but up 7.9% on a figure of 25,370 recorded in the same month in 2018.

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Economic Review – April 2019

Stockpiling boosts UK economy The UK economy grew more strongly than expected in February as ‘pre-Brexit’ stockpiling provided a boost to the monthly rate of economic growth. Official gross domestic product (GDP) data released by the Office for National Statistics (ONS) has revealed that the economy expanded by 0.2% in February. While this does represent…

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Property Market Review August 2019

Residential Property Review – April 2019

‘Last-time Buyer’ numbers increase in home purchases Whilst first-time buyers make up just over 50% of residential home purchases currently, a further 30% of purchases, accounting for approximately 200,000 homes, are being made by buyers aged 55 or older. This research, conducted by the Intermediary Mortgage Lenders Association (IMLA), states that of this group, many…

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