North America

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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New mortgages in UK increased month on month but still below a year ago

The number of new mortgages approved by British banks rose last month from a 19 month low in August but lending is still down 15% year on year, the latest data shows. The figures from the British Bankers’ Association (BBA) indicate that members approved 38,252 mortgages for house purchase in September, up from 37,241 in […] The post New mortgages in UK increased month on month but still below a year ago appeared first on PropertyWire . Continue reading

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Property prices in London set to more than double by 2030 despite Brexit

Property buyers looking to make a sound, long term investment in property in London are likely to do better if they look to the east of the city rather than traditional areas of the capital, a new analysis report suggests. The report from real estate firm JLL analyses the forecasted average house price gain in […] The post Property prices in London set to more than double by 2030 despite Brexit appeared first on PropertyWire . Continue reading

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