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Home building industry body opposes proposed planning fee rises in Scotland

The home building industry in Scotland is opposing proposals to increase the maximum fees for major planning applications of 570 or more houses to £125,000. A consultation is open until 04 April 2017 on the proposals which also would increase fees for planning permission in principal to £62,500 and is considering wider changes to the […] The post Home building industry body opposes proposed planning fee rises in Scotland appeared first on PropertyWire . Continue reading

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Equity release becoming more mainstream for home owners in UK

A record breaking year for equity release in the UK in 2016 saw lifetime mortgages become the fastest growing product in terms of customer numbers, according to the data. The volume of lifetime mortgage customers grew by 22% in 2016 with a total of 27,534 new plans agreed, the figures from the spring 2017 equity […] The post Equity release becoming more mainstream for home owners in UK appeared first on PropertyWire . Continue reading

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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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