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Rents start falling in the UK, latest national index shows

The average rate of rent growth in the UK is falling and could continue to do so over the next few months, an unprecedented trend in recent times, according to the latest home rental index. Rents in January were just 0.7% higher than a year ago, down from a peak of 4.7% seven months ago […] The post Rents start falling in the UK, latest national index shows appeared first on PropertyWire . Continue reading

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Low mortgage rates keeping affordability low for home borrowers in UK

Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading

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Landlords and agents warning to be aware of rogue maintenance contractors

Landlords and letting agents in the UK are being urged to be increasingly aware of being ripped off by maintenance contractors overcharging and not completing jobs to a satisfactory standard. The warning comes from the Association of Independent Inventory Clerks (AIIC) which reckons that employing the wrong contractors and tradespeople could be costing landlords and […] The post Landlords and agents warning to be aware of rogue maintenance contractors appeared first on PropertyWire . Continue reading

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