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Rate of residential rental growth halves in Great Britain in 2016

Rents grew by 1.6% in 2016 across Great Britain to reach an average of £927 per calendar month, but this was the lowest annual increase for seven years and half the rate of 2015, new data shows. In London average rents ended the year 2.9% down on 2015, the largest fall since March 2009, to […] The post Rate of residential rental growth halves in Great Britain in 2016 appeared first on PropertyWire . Continue reading

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Equity release in UK reached new records in 2016

Equity release lending in the UK broke the £2 billion barrier for the first time in 2016, marking a landmark year for the sector, new figures show. Overall lending reached £2.15 billion for the year, an increase of 34% on 2015 with an additional £542 million of lending activity amounting to double the rate of […] The post Equity release in UK reached new records in 2016 appeared first on PropertyWire . Continue reading

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Fraud investigators in UK issuing warning over empty property crime

Home owners in the UK are being warned that there are groups of criminals actively targeting empty properties which they use to apply for a mortgage or loan. The scams are not new and the reason for the current spate is unclear but the National Fraud Intelligence Bureau’s Proactive Intelligence Team has issued a warning. […] The post Fraud investigators in UK issuing warning over empty property crime appeared first on PropertyWire . Continue reading

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