Mortgages

Blog

The “Un-mortgageables”: What Rising UK Rents Really Mean

Shahram Shaida, CEO of home buying and investment platform Allbricks, considers the longer term implications of rapidly rising rents for aspiring homeowners in the United Kingdom. The Office of National Statistics (ONS) has recently reported an average 5.3% increase in UK rent prices since July 2016. Surging rent prices can primarily be attributed to a…

News

Commentary: Bank of England’s Interest Rate Hike Rattles UK Property Market

UK interest rates rise for 14th consecutive time - what does it mean for the property market?

Blog

Analyst Commentary on UK House Price Data

Iwona Hovenko, real estate analyst at Bloomberg Intelligence, comments on the latest UK house price data from Nationwide. The 0.2% UK house price decline in July, according to Nationwide, may still represent a resilient outcome, especially against expectations for a 0.5% fall, given the rapid surge in mortgage rates which may have spooked many prospective…

Blog

Home Purchases Delayed by Rising Rates

Iwona Hovenko comments on a new Bloomberg Intelligence survey of prospective UK house purchasers seeking to complete within the next two years. Homebuyers in the UK are adjusting to the highest interest rates since at least 2010 by showing significant flexibility, either by considering cheaper homes or making sacrifices to afford elevated mortgage rates, according…

News

10 Per Cent of Mortgages Taken Off UK Market

Two leading commentators give their perspective on a recent analysis showing a fall in the number of residential mortgage products available in the United Kingdom. Nearly 10 per cent of mortgages have been taken off the UK market due to concerns about increasing interest rates, according to data from Moneyfacts. The figures indicate that approximately…

News

Commentary on UK First Time Buyers

Iwona Hovenko, Real Estate Analyst at Bloomberg Intelligence, comments on recent findings from a Zoopla report that first-time buyers escaping rising UK rents are favouring smaller properties as they adjust to higher mortgage rates. Lenders’ tougher affordability checks amid falling disposable incomes and high mortgage rates – combined with the still-elevated house prices (despite recent…

News

Why Mortgage Rate Hikes are Driving U.S. Rental Housing Resiliency

Ana Lai, Real Estate Senior Director at S&P Global Ratings, comments on the impact of 12 months of mortgage rate increases on rental housing affordability following a low interest ‘home-buying boom’ in the residential REIT and social housing markets. Mortgage costs have nearly doubled, forcing more consumers to rent or to continue renting for longer. S&P…

News

deVere CEO Brands BoE Plans to Axe Mortgage Affordability Requirements as ‘Utter Madness’

Bank of England plans to scrap mortgage affordability rules have been described as “utter madness” by Nigel Green, the CEO of deVere Group, who says the move underscores how the central bank is “failing Britain.” The damning analysis from the head of deVere Group, one of the world’s largest independent advisors of specialist global financial…

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