Rinlgley group logo
  • Home
  • Who We Are
    About Us Our People Awards Savings for Clients Results for Clients Our Impact & ESG Community & Charities Market Overview Leasehold Reform Campaign Money Back Guarantee
  • What We Do
    • Block Management
      • Block Management Overview
      • for RTM Companies
      • for Freehold Management Companies
      • for Resident Management Companies
      • for Estates of Houses
      • for Freeholder Investors
      • Ground Rent Collection
      • How to Change Agent
      • Block Management Packages
      • Can't Afford an Agent?
      • Legal work & Tribunals
      • Section 20 Major Works
      • Ringley's Top 10 Tips
      • Staff on Site
      • Moving or Buying?
      • Report an Incident
    • Asset Management
      • Asset Management Clients
      • Asset Management Overview
        • Asset Management Overview
        • Stabilised Assets
        • Project Monitoring
        • Mobilisation & Lease up
        • Accounting & Reporting
        • ESG Consultancy & Implementation
        • Brands & URLs for sale
        • UK Build to Rent
          • UK Build to Rent
          • Smart Technology
          • Strategic Marketing
          • Resident Experience
          • Tenancy Management
          • UK Later Living Opportunities
            • Later Living Opportunity
            • Smart Technology
            • Strategic Marketing
            • Resident Experience
            • Tenancy Management
            • UK Coliving
              • UK Coliving
              • Asset Managers TechStack
              • UK Student housing
                • Student Housing
                • Site Finding/Digital Land Search
              • Law
                • Legal Services Overview
                • Our People
                • Recommendations
                • Right to Manage
                • Lease Extensions
                • Freehold Purchase
                • Absentee Freeholder
                • Court Appointed Manager
                • Conveyancing
                • Service Charge/Rent Arrears Recovery
                • Company Secretary
              • Valuation
                • Valuation Overview
                • Company Accounts
                • Lease Extensions
                • Freehold Purchase
                • Rent Reviews
                • Development Valuations
                • Purchase & Mortgage
                • Insurance Valuations
                • Expert Witness & Litigation
                • Tax, Trusts & Accounts Valuations
                • Trading Business
                • Compulsory Purchase
                • Residential Valuations
              • Engineering
                • Engineering Overview
                • EWS1 Consultancy
                • Asbestos
                • Contract Administration
                • Fire Assesment
                • Homebuyer Survey
                • Building Survey
                • Schedules
                • Party Wall Matters
                • Principle Designer
                • Disability Access Audits
                • Small Building Works
              • Finance
                • Finance Overview
                • Get Accounts Quote
                • The Law & Property Accounts
                • Industry Update
                • To audit or Not?
            • Insights
              Property Management Articles Property Management Blogs Rental Market Blogs Customer Comments FAQ - Ask Our Experts
            • E-books
            • Portal Login
            • Get In Touch

            Mortgage enquiries skyrocket in June – what could this mean for the state's announcement?

            by Mary-Anne Bowring/Daily Express


            Mortgage action could become prevalent in the coming weeks as pent-up demand is potentially unleashed as the economy reopens. Today, Halifax released their monthly “house price index” which revealed some interesting findings.

            This index, according to Halifax, is the UK's longest running monthly house price series with data covering the whole country going back to January 1983.

            The report is primarily focused on house prices but this month’s edition highlighted that demand alone has shot up in recent weeks.

            These telling signs caught the eye of Mary-Anne Bowring, the group Managing Director at Ringley.

            She commented on what the figures revealed in the face of the current economic climate: “Today's figures show potential green shoots of recovery with rising mortgage enquiries although it is clear lockdown and prolonged uncertainty are still having their effect and with no clear route out the pandemic yet, the for-sale market is likely to be subdued as buyers and sellers act cautiously and put off major financial decisions.

            Mary-Anne went on to examine the impact that these figures should have on any government support packages.

            As she continued: “This is why government policies aimed at restimulating the housing market need to look beyond first-time buyers and existing owner-occupiers and tap into new sources of demand like buy to let landlords by scrapping the stamp duty surcharge they face.

            "With only the private sector predicted to keep on growing and the disruption caused by Coronavirus likely to cause a short term spike in rental demand, the government could kill two birds with one stone by driving activity and meeting a growing housing need.

            "Landlords are also an important source of development finance for housebuilders through off-plan sales and so cutting SDLT [Stamp Duty Land Tax] for buy to let investors could help housebuilding recover too."


            https://www.express.co.uk/finance/personalfinance/1306424/mortgage-enquiries-rishi-sunak-announcement

            Responsive image Responsive image
            Subscription

            Keep up to date

            (Weekly, fortnightly or monthly)


            To find out more what we do with your data, please read our Privacy Policy


            Insights, Blogs, Research, E-Books

            Landlord blog bg

            Landlord blog
            Read landlord blog
            Property blog bg

            Property blogs
            Read property blogs
            Articles bg

            Property articles
            Read property articles
            E book

            E-books
            Read E-books
            Facebook footer Instagram footer Linkedin footer Twitter footer
            Facebook footer
            Instagram footer
            Linkedin footer
            Twitter footer
            • Ringley Group
            • About us
            • CSR
            • ESG
            • BusyLiving
            • PlanetRent
            • Talk to us
            • Careers
            • Ask a Question
            • Insight
            • Articles
            • Blogs
            • Subscribe
            • What we do
            • Asset Management
            • Block Management
            • Facilities Management
            • Property Law
            • Surveying / Valuation
            • Building Engineering
            • Financial Services
            • Managing Agents
            • Block Management Locations
            • Co-working
            • Offices
            • London
            • Ringley House
            • 1 Castle Road
            • London
            • NW1 8PR
            • T: 0207 267 2900
            • Manchester
            • 11 Swan Street
            • Northern Quarter
            • Manchester
            • M4 5JJ
            • T: 0330 174 7777
            • Cardiff
            • 122 Bute Street
            • Cardiff Bay
            • Cardiff
            • CF10 5AE
            • T: 0330 174 7747
            • Email: solutions@ringley.co.uk
            • Emergency line 1: 0207 428 2056
            • Emergency line 2: 0207 267 2900
            • Report incident
            Privacy Policy
            Ringley Staff
            Ifsm Irpm member New iso Arla licensed Ombudsman services Rics vertical

            All content © copyright 2022. Ringley Limited. All Rights reserved. Ringley Limited, incorporated and registered in England and wales. Registered office: Ringley House, 1 Castle Road, London, NW1 8PR. Company No. 03302438
            Terms of use | Privacy policy | Modern slavery act | COVID-19 risk assessment