14 - Tuesday 14th February
First Time Buyers Push Sales Figures Up
As the end of the stamp duty holiday draws nearer, first time buyers are pushing up the house sales figures as they seek to complete on house purchases before the March 2012 deadline.
first time buyers and first time buyer mortgages have pushed newly agreed sales up, with 12 percent more surveyors throughout the UK reporting rises in newly agreed sales. This comes from the Royal Institution of Charted Surveyors' housing market survey which has been publixhed today.
The stamp duty holiday ends on 24th march 2012, when first time buyers will no longer be exempt from the 1 percent tax on homes priced between £125,000 and £250,000.
Mortgage news on 14th February 2012 is provided by external sources for Mortgage Lenders and Brokers, your number one directory to find independent mortgage lenders and brokers in your area.
- Stamp Duty holiday pushing up sales, says RICS
House sales edged up in January as an increasing number of first-time buyers look to beat the end of the Stamp Duty holiday in March, according to the latest UK housing market survey from the Royal Institution of Chartered Surveyors.
Tue 14th Feb 2012 9:55am - Masthaven to enter secured loans market
Masthaven is set to launch a secured loans arm in the coming months.
Tue 14th Feb 2012 9:32am - Barclays appoints MD of retail lending
Barclays has appointed Steve Weston to the newly created role of managing director of retail lending in its UK retail and business banking division.
Tue 14th Feb 2012 2:39pm - Precise offers brokers Olympic tickets incentive
Precise Mortgages is offering brokers the chance to win tickets to the 2012 Olympics.
Tue 14th Feb 2012 1:59pm - Moody’s downgrades Money Partners non-conforming RMBS deals
Moody’s has downgraded the ratings on notes in three Money Partners non-conforming residential mortgage-backed securitisations.
Tue 14th Feb 2012 12:44pm - Virgin Money hires former HML chief
Brian Brodie has joined Virgin as its new operations director.
Tue 14th Feb 2012 11:05am - Saffron BS sells IFA business to Towergate
Deal sees firm, under Towergate’s stewardship, providing advice to Saffron customers.
Tue 14th Feb 2012 10:27am - AToM launches bridging referral service
All Types of Mortgages is launching a referral service for intermediaries who require assistance with bridging or short-term loans.
Tue 14th Feb 2012 10:15am - Stonebridge adds L&G to limited life and protection panel
Stonebridge Group has added Legal & General to its limited life and protection panel.
Tue 14th Feb 2012 10:09am - UK credit rating put on negative watch
Moody’s has put the UK’s AAA credit rating on negative watch because of economic uncertainty.
Tue 14th Feb 2012 10:08am - UK inflation falls to 3.6%
The UK consumer prices index has fallen to 3.6% per cent in January, according to the Office for National Statistics.
Tue 14th Feb 2012 9:47am - CML: House purchases fall to 27-year low, but first-time buyer rush to beat stamp duty deadline begins
The property market freeze saw home buyers hit the lowest level since 1974, despite record low mortgage rates on offer.
Tue 14th Feb 2012 2:08pm - RICS: First-time buyer rush to beat stamp duty holiday raises house sales - but prices still fall in January
The latest survey of members by the Royal Institution of Chartered Surveyors (Rics) showed a 12 per cent balance of estate agents reported rising sales in January as the March 24 deadline for a stamp-duty ‘holiday’ approaches.
Tue 14th Feb 2012 12:59pm - Sales up as first time buyers rush to beat stamp duty break
House sales are expected to rise as an increased number of first time buyers look to beat the stamp duty holiday which expires on March 24, new figures suggest.
Tue 14th Feb 2012 8:15am
