The equity release market increased by 8% in the third quarter of 2019 in the UK as older home owners unlocked almost £11 million of property wealth per day. Overall, equity release products provide £988 million of funding to owners aged 55 and over and 33,000 new customers have used property wealth to support their […]
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It seems that in most parts of the country new homes are being built. Drive or walk around and you cannot help but notice that there are developments, almost on every corner. But is it good news or bad? Well, the latest annual British Social Attitudes survey from the National Centre for Social Research (NatCen) […]
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The Berlin City Government has approved a five year rent freeze from early next year which has implications for buy to let landlords investing in the lettings market, it is suggested. The new legislation caps rent at €9.80 per square metre until the end of 2024 and landlords will only be able to increase rents […]
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Older home borrowers who didn’t seek advice on their last mortgage deal are more likely to be on a variable rate mortgage, such as their lender’s SVR, it is claimed. Some 52% of borrowers aged 55 and over who didn’t seek advice are on a variable product could potentially be missing out on competitive fixed […]
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New development corporations are being given funding to kick-start work towards creating new towns and communities in England on a scale not seen since Milton Keynes and Canary Wharf were build. The Government is to provide £10 million in seed funding for councils to develop initial proposals for up to 10 new communities which will […]
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Buyers and sellers could be required to sign £1,000 reservation agreements as part of plans by the Government to end gazumping. A trial of reservation agreements is set to get underway early next year where some of the money paid would be used as compensation if either buyer or seller pulls out without a good […]
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The majority of people are supportive of more homes being built in their local area with 57% doing so and just 23% being opposed to the developments, according to the latest British Social Attitudes survey. The survey, run annually by the National Centre for Social Research (NatCen) and published by the Ministry of Housing, Communities […]
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Existing home sales in the United States fell back in September following two consecutive months of increases, down 2.2% month on month, the latest industry figures show. But completed transactions that include single-family homes, town homes, condominiums and co-ops, were up 3.9% from a year ago, according to the figures published by the National Association […]
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Residential mortgage approvals reached their highest level of approvals registered during October since 2015, up 9.8% higher annually, the latest industry figures show. The data from UK Finance shows that there were 42,300 home buyers entering the market during the month. The latest figures demonstrate a very real appetite for home ownership across the UK […]
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Landlords are warning of a rented housing supply crisis in the UK as a new survey shows more landlords are selling properties than buying whilst demand continues to increase. According to research by the Residential Landlords Association (RLA) based on a survey of over 2,700 landlords, almost 25% have seen the demand for private rented […]
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