[ad_1]
The Intermediary Mortgage Lenders Association has urged the next government to re-evaluate the Financial Policy Committee’s mortgage stress tests. Lenders are currently asked to stress test mortgages at the Standard Variable Rate plus 3%. IMLA said this is far above the rate that most will realistically pay, while it blocks people on lower incomes from […]
The post IMLA: Mortgage stress tests too tight appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Nearly half (45%) of those who don’t yet own a home think they never will, a report by investment management firm Fidelity International has found. Currently 41% of those aged 34-54 are currently renting and 23% of that age group think they will never own a home. Nearly a quarter (24%) of over 55s still […]
The post Many who don’t own a home doubt they ever will appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Just Mortgages’ self-employed division has seen several of its advisers expand their own businesses and take on new staff. October was the best ever month for recruitment into the self-employed division, with 20 advisers joining the team. There are now 230 brokers in the Just Mortgages self-employed division and Parker expects that to have reached […]
The post Just Mortgages self-employed advisers grow their own businesses appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Homeownership has dropped across the world, as 22 of the 36 most developed countries experienced a decline in the past 10 years, research from Swinton Insurance has found. The UK and Ireland saw the steepest decline of all, of 11% since 2008. Only three countries have seen substantial rises in homeownership; Australia (86%), Poland (35%) […]
The post Homeownership dropping globally appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
We’re now less than a month away from the UK general election – and Labour’s Right to Buy policy is still a topic of debate among property professionals. As we read this week, there are still major fears that the policy would force buy-to-let landlords out of the market. Not being able to decide if […]
The post Labour’s strange Right to Buy policy still a big talking point appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
House prices in Prime London have typically fallen by 16% from the 2014 peak, research from buying agency Ludgrove has found. By borough this can be higher or lower, for example in St George’s Hill prices are down by a huge 39%, in Bayswater & Maida Vale by 22% and in Kensington, Notting Hill & […]
The post Prime London prices down 16% in five years appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
The National House Building Council, a provider of warranty and insurance, has launched the 2020 edition of its technical standards. The new standards affect foundations that begin on or after 1 January. The main areas of focus that have seen some updates include Chapter 6.6 ‘Staircases’, which covers issues such as handrails and fixing, and […]
The post NHBC launches 2020 technical standards for housebuilders appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Brits are willing to spend £23,271 more on properties if they help the environment, research from landscaping manufacturer Marshalls has found. Two thirds (68%) of UK residents would ensure a property had eco-friendly features before deciding on a new home. Eco friendly features could include using sustainable materials, water conservation and solar panels. Chris Harrop, […]
The post Brits willing to pay more for eco-friendly properties appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Dave Miller (pictured), client account manager, Spicerhaart Corporate Sales The start of November has brought with it a slew of unwelcome news about struggling high-street brands. Most obviously there was the announcement on 5 November that Mothercare was entering administration. All 79 UK stores are set to close with the loss of up to 2,800 […]
The post Retail woes could signal start of winter chill appeared first on PropertyWire.
[ad_2]
Source link
[ad_1]
Three-quarters of Brits think Brexit had a worse impact on UK house prices than was the reality, research from property buyer Good Move has revealed. The study asked 2,000 Brits to estimate how house prices have changed in UK cities since the EU Referendum. Nearly a third (32%) thought house prices have fallen in their […]
The post Brits overestimate the impact of Brexit on house prices appeared first on PropertyWire.
[ad_2]
Source link