Mortgage Market News
Mortgage Market News Declining house prices and home ownership lead to buy-to-let opportunities

Declining house prices and home ownership lead to buy-to-let opportunities

British house prices fell in February for the first time since September 2014 when house prices dipped by 0.1%. “February saw a further softening in annual house price growth to 5.7%, from 6.8% in January. This is the sixth month in a row in which annual growth has moderated, with house prices declining by 0.1% month on month.” says Robert Gardner, Nationwide’s chief economist. With the housing market slowing since summer 2014, when regulators tightened mortgage lending rules (MMR), the average house price sits at £187,964. “Home ownership is now at its lowest rate for almost thirty years and is eight percentage points below the all-time high of 70.9% in 2003” explains Mr Gardner. Consequently, there has been an increase in the private rental sector with over 4.4 million properties, which are now privately rented. This has nearly doubled over the last decade and represents 19% of total households. The buy-to-let market is still getting stronger. 2015 could see more positive activity for existing and new landlords. Buy-to-let rates start from 1.99% up to 60% loan to value. If you are interested in a buy-to-let mortgage or have any other mortgage enquiry, please call us on 0207 519 4900.

Return to the Latest Market News

Latest Articles/News

Case Studies

The rise of sites such as Airbnb and HomeAway has been phenomenal. Since la…

Latest/Related News

The Bank of England has today announced its plan to keep interest rates on …

Press Release

It was a successful end of the week for largemortgageloans.com last week. H…

Press Coverage

Comparison sites should recommend brokers at the end of a search – Market…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials

Close

Live chat with
our team now

Chat

largemortgageloans.com