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Thursday 30th April 2015, Property media watch:
“Buy to let lending in the UK increased by 20% year on year in the first three months of 2015, outpacing residential lending which was up by just 1.6%, a new analysis shows. Total lending for the quarter stood at £36.2 billion, a year on year increase of 5.4%, according to an analysis report from Equifax Touchstone which covers 92% in the intermediated lending market.”
“According to new data from Mortgage Advice Bureau, first-time buyers who have used the Government’s Help to Buy mortgage guarantee scheme are spending £180 less per year on repaying their mortgage than if they were renting. Data from Moneyfacts.co.uk shows that based on a 95% loan on the average Help to Buy 2 property price, the typical monthly mortgage repayment for a borrower in their first year would be £753 (or £9,036 annually).”
“Birmingham is set for a major jobs boost with recruitment for more than 500 roles at the new flagship John Lewis opening. Applications for the roles begin tomorrow with a variety of positions from sales assistants to stock and catering roles on offer to people from the city.”