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Home owners with fixed rate mortgages could cut costs by £5,895 and reduce their term by over three years by overpaying their loan, according to new research. But over half of home owners, some 56%, never overpay on their mortgage, and it means that they are spending thousands of pounds unnecessarily on their mortgage through […]
The post Overpaying a mortgage can save thousands in interest in the long run appeared first on PropertyWire.
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The majority of fixed rate buy to let mortgage rates are continuing to fall, according to the latest tracker report from the industry. The biggest fall in monthly cost was for five year fixed rate buy to let mortgage offers for 50% of the value of a property, the data from Property Master’s August report […]
The post Buy to let mortgage rates are falling appeared first on PropertyWire.
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Outdoor space for both leisure and practical purposes is the number one priority for UK house hunters, followed by parking space, according to a new study. The research, conducted by hard landscaping manufacturer Marshalls, asked 1,000 people for the most important features they look for when deciding on a new property, with gardens and off […]
The post Gardens and parking are most important considerations when moving home appeared first on PropertyWire.
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Scotland, Wales and Northern Ireland are all showing increases in the numbers of both first time buyer and home mover mortgages, but activity is not as strong in London, the latest regional finance figures show. There were 9,960 new first time buyer mortgages completed in London in the second quarter of 2019, up 1.2% compared […]
The post Mortgage market is stronger in Scotland and Wales appeared first on PropertyWire.
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Letting agents are being advised to have a back-up plan as a major UK bank has notified clients that it will be closing undesignated client accounts. The warning from lettings payment specialist PayProp comes after Lloyds Bank recently contacted numerous agents, asking them to open separate client accounts for all of their individual landlords. The […]
The post Agents urged to prepare for banks requiring individual client accounts appeared first on PropertyWire.
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Home owners in Britain looking to downsize are four times more likely to spend their extra cash getting their kids on the property ladder, rather than supporting them through their education, according to new research. A survey of 1,000 home owners aged 55 and over by full service estate agency Yopa found that property takes […]
The post Downsizers in Britain want to help offspring get on housing ladder appeared first on PropertyWire.
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Over half of property owners in the UK would consider living permanently in an unconventional type of home such as a boat, tree house, converted barn or warehouse, a new study has found. Many see it as a way of having a more creative and interesting home life and escaping the pressures of modern life, […]
The post Study reveals desire for more unconventional properties appeared first on PropertyWire.
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Remortgages are the main area of activity in the mortgage market currently as the wider housing market stalls, the latest mortgage monitor report shows. There were 65,770 residential mortgages approved during July 2019, up 0.8% year on year, but down 1% month on month, according to the date from chartered surveyors e.surv. It says that […]
The post Mortgage market activity slowing, latest monitor report suggests appeared first on PropertyWire.
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Four new members have been appointed to the Board of Homes England, the Government’s housing accelerator. Mark Rennison, Olivia Scanlon, Sadie Morgan and Vanessa Murden join the Homes England Board with immediate effect, increasing its gender diversity and boosting its resilience; taking its non-executive members from six to 10. Mark Rennison, finance director for Nationwide […]
The post Homes England announces new appointments appeared first on PropertyWire.
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The British Chancellor Sajid Javid has hinted that there will be a change in stamp duty coming up this autumn but has denied that his preferred option is moving the property tax to sellers. While he has not stated specifically that sellers will pay stamp duty rather than the present situation where it is paid […]
The post Stamp duty change inevitable, but who will it benefit? appeared first on PropertyWire.
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