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UK financial watchdog reveals mortgage lending glitch

More than 750,000 mortgage borrowers in the UK could be in line for compensation as a result of their bank overcharging them when they fell behind on repayments. Financial watchdog, the Financial Conduct Authority, has revealed that technical glitches in many lenders’ systems had resulted in hundreds of thousands of customers being hit with excessive […] The post UK financial watchdog reveals mortgage lending glitch appeared first on PropertyWire . Continue reading

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UK property growth was flat in October, latest index data shows

The annual rate of house price growth in the UK slowed to 4.6% from 5.3% in October with values flat month on month, the latest national housing index shows. The Nationwide index says this take the average price of a home to £205,904 and suggest that the introduction of a 3% stamp duty surcharge on […] The post UK property growth was flat in October, latest index data shows appeared first on PropertyWire . Continue reading

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European commercial real estate markets seeing strong momentum

European commercial real estate markets are generally continuing to display strong momentum, particularly on the investment side, according to a new report. However, feedback remains cautious across much of Asia and the Middle East reflecting challenging macro conditions, says the latest global commercial property analysis from the Royal Institution of Chartered Surveyors (RICS). Investment enquiries […] The post European commercial real estate markets seeing strong momentum appeared first on PropertyWire . Continue reading

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