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Low mortgage and interest rates in UK benefitting remortgagers

Remortgaging property owners in the UK are taking full advantage of record low interest rates and the cut to the Bank Rate according to the latest research from surveyors. In October the number of remortgage valuations was 16.8% higher than it was in October 2015 as home owners locked into attractive deals, says the report […] The post Low mortgage and interest rates in UK benefitting remortgagers appeared first on PropertyWire . Continue reading

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Home lenders urged to take rental payments into account

Home lenders in the UK should recognise rental payments when making lending decisions, as new research unveils that rental rates are rising rapidly when typical monthly mortgage payments for first time buyers are falling. In the UK private tenants paid more for their accommodation in 57% of districts during the third quarter of this year, […] The post Home lenders urged to take rental payments into account appeared first on PropertyWire . Continue reading

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UK property prices still rising, up 1.4% in October, despite Brexit uncertainty

Residential property prices in the UK continued to grow in October, up 1.4% and are now 5.2% up year on year, taking the average cost of a home to £217,411, the latest lender index data shows. On a quarterly basis they were up just 0.1% but experts point out that this reflects a slowdown caused […] The post UK property prices still rising, up 1.4% in October, despite Brexit uncertainty appeared first on PropertyWire . Continue reading

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