Developers
Interest only mortgage loans in UK could be facing multi billion pound shortfall
Home owners in the UK are facing a £6.1 billion mortgage repayment shortfall in the next decade with 27% of those with interest only loans not able to pay it back, new research suggests. More than a million interest-only mortgages will mature over the next 10 years but more than a quarter of households won’t […] The post Interest only mortgage loans in UK could be facing multi billion pound shortfall appeared first on PropertyWire . Continue reading →
Details of UK’s new home building fund revealed
Builders and investors in the UK property market need to just pick up the phone and contact the Homes and Communities Agency to find out how to get a share of the new £3 billion Home Building Fund. More details have now been released of the new fund aimed at boosting the number of new […] The post Details of UK’s new home building fund revealed appeared first on PropertyWire . Continue reading →
Property taxes biggest burden to UK residential market
Over 70% of UK based property and construction businesses view the tax system as unfavourable to the industry, according to a new survey. Some 68% believe that stamp duty is the biggest tax barrier to business growth, with another 12% perceiving Capital Gains Tax as the biggest barrier. The report, which provides a 12-month market […] The post Property taxes biggest burden to UK residential market appeared first on PropertyWire . Continue reading →
