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Realistbear

Hamptons: Mortgages Soar

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http://www.mortgageintroducer.com/news/new...p?unqueid=16354

As the Monetary Policy Committee has opted to keep base rates at 4.5 per cent for the seventh consecutive month, borrowers are using current good two-year fixed-rate deals as an incentive to spring clean their finances. This month, home
remortgages
, as a proportion of new mortgages,
have almost doubled
, going from 17 per cent to 30 per cent.

OO's getting fearful of IR hikes are consolidating their positions. VIs have been spinning this as new mortgage business suggesting a pick up in house purchases.

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http://www.bankofengland.co.uk/statistics/mew/2005.htm

MEW as a percentage of average uk income upto q3 05, you will notice a bounce in MEW, which matches the MEW bounce in the last crash. You will also notice as have removed 5% of peoples income because they stopped MEWing as much, and MEW dropped off a cliff in the summer of 2004 at exactly the same time as the house prices stopped rising...

q4 2005 is released in april

Realistbear : Hamptons International dont appear to release there data :(

MEWIncome..JPG

post-552-1140528482.jpg

Edited by moosetea

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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