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UK prices could rise around 2% in 2017, depending on economy as Brexit process starts

The performance of the residential property market in the UK will depend on how the economy develops in 2017, the year the nation starts the process of leaving the European Union, it is claimed. Modest price growth of around 2% is being forecast by the Nationwide, the second largest mortgage provider in the UK and […] The post UK prices could rise around 2% in 2017, depending on economy as Brexit process starts appeared first on PropertyWire . Continue reading

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Mortgage borrowing fell in UK in October with buy to let sector still weak

Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading

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Research reveals few home owners really understand mortgage rates

Just one in four home owners in the UK with a mortgage understand how cuts to the Bank of England’s base rate could affect their mortgage payments, according to new research. In August the Bank of England made the first adjustment to the rate in over seven years, cutting it from 0.5% to 0.25% and […] The post Research reveals few home owners really understand mortgage rates appeared first on PropertyWire . Continue reading

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