L
Luke Masters
Member
Premium Member
Afternoon all,
The UK property market appears to be fuelled yet further at the end of 2015 by the increasing levels of mortgage approvals.
The Buy to Let tax implications are seemingly aimed to cool the market, however this will be surely combatted by individuals buying the properties through Limited Liability Companies. However if the governments ploy is to cool the market as they fear a potentially "bursting bubble" then surely the mortgage criteria needs to be an agenda in the wider market.
Source: This Is Money
Lending for house purchases hit 68,764 in July, Bank of England data showed today, as the property market regains momentum. The figures are stronger than the 67,069 recorded in June and the 64,971 seen in May,
Approvals are at a 17-month high and are up 16.4 per cent from last November, when they hit a year and a half low of 59,100. It means in July, nearly £1billion more was lent out for purchases compared to May.
I would love to hear peoples views on this and further analysis or research on market stability in general.
Luke
The UK property market appears to be fuelled yet further at the end of 2015 by the increasing levels of mortgage approvals.
The Buy to Let tax implications are seemingly aimed to cool the market, however this will be surely combatted by individuals buying the properties through Limited Liability Companies. However if the governments ploy is to cool the market as they fear a potentially "bursting bubble" then surely the mortgage criteria needs to be an agenda in the wider market.
Source: This Is Money
Lending for house purchases hit 68,764 in July, Bank of England data showed today, as the property market regains momentum. The figures are stronger than the 67,069 recorded in June and the 64,971 seen in May,
Approvals are at a 17-month high and are up 16.4 per cent from last November, when they hit a year and a half low of 59,100. It means in July, nearly £1billion more was lent out for purchases compared to May.
I would love to hear peoples views on this and further analysis or research on market stability in general.
Luke
